State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSFRX Fund  USD 468.62  2.52  0.53%   
The current 90-days correlation between State Street Equity and Ab Municipal Bond is 0.07 (i.e., Significant diversification). The correlation of State Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

State Street Correlation With Market

Average diversification

The correlation between State Street Equity and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with State Mutual Fund

  0.97SSAHX State Street TargetPairCorr
  0.7SSAJX State Street TargetPairCorr
  0.95SSAIX Ssga International StockPairCorr
  0.97SSAOX State Street TargetPairCorr
  0.99SSAQX State Street CorePairCorr
  0.97SSAKX State Street TargetPairCorr
  0.75SSBYX State Street TargetPairCorr
  0.97SSBWX State Street TargetPairCorr
  0.7SSCKX State Street TargetPairCorr
  0.99SSCNX State Street TargetPairCorr
  0.75SSCJX State Street TargetPairCorr
  0.75SSCQX State Street TargetPairCorr
  0.75SSAWX State Street TargetPairCorr
  0.75SSAZX State Street TargetPairCorr
  0.98SSAYX State Street TargetPairCorr
  0.98SSAUX State Street TargetPairCorr
  0.69SSBRX State Street TargetPairCorr
  0.74SSBSX State Street TargetPairCorr
  0.74SSDYX State Street TargetPairCorr
  0.7SSEYX State Street EquityPairCorr
  0.75SSDEX State Street TargetPairCorr
  0.99SSDDX State Street TargetPairCorr
  0.66SSDOX State Street TargetPairCorr
  0.71SSDJX State Street TargetPairCorr
  0.75SSDLX State Street TargetPairCorr
  0.99SSDWX State Street TargetPairCorr
  0.75SSDQX State Street TargetPairCorr
  0.96SSGLX State Street GlobalPairCorr
  0.97SSGHX State Street GlobalPairCorr
  0.97SSGJX State Street GlobalPairCorr
  0.74SSGVX State Street GlobalPairCorr
  0.98SSFJX State Street TargetPairCorr
  0.75SSFKX State Street TargetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Street Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze State Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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