Ssga International Correlations

Mutual Funds . USA . 
Fund . Ssga International Stock
SSIQX Fund  USD 13.28  0.02  0.15%   
The current 90-days correlation between Ssga International Stock and Old Westbury Small is 0.7 (i.e., Poor diversification). The correlation of Ssga International 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.

Ssga International Correlation With Market

Weak diversification

The correlation between Ssga International Stock and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ssga International Stock 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 Ssga International Stock. 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 producer price index.

Moving together with Ssga Mutual Fund

  0.97SSAHX State Street TargetPairCorr
  0.97SSAJX State Street TargetPairCorr
  1.0SSAIX Ssga International StockPairCorr
  0.97SSAOX State Street TargetPairCorr
  0.95SSAQX State Street CorePairCorr
  0.97SSAKX State Street TargetPairCorr
  0.97SSBYX State Street TargetPairCorr
  0.97SSBWX State Street TargetPairCorr
  0.97SSCKX State Street TargetPairCorr
  0.97SSCNX State Street TargetPairCorr
  0.97SSCJX State Street TargetPairCorr
  0.97SSCQX State Street TargetPairCorr
  0.97SSAWX State Street TargetPairCorr
  0.97SSAZX State Street TargetPairCorr
  0.97SSAYX State Street TargetPairCorr
  0.97SSAUX State Street TargetPairCorr
  0.97SSBRX State Street TargetPairCorr
  0.97SSBSX State Street TargetPairCorr
  0.97SSDYX State Street TargetPairCorr
  0.95SSEYX State Street EquityPairCorr
  0.97SSDEX State Street TargetPairCorr
  0.97SSDDX State Street TargetPairCorr
  0.97SSDOX State Street TargetPairCorr
  0.97SSDJX State Street TargetPairCorr
  0.97SSDLX State Street TargetPairCorr
  0.97SSDWX State Street TargetPairCorr
  0.97SSDQX State Street TargetPairCorr
  0.99SSGLX State Street GlobalPairCorr
  0.99SSGHX State Street GlobalPairCorr
  0.99SSGJX State Street GlobalPairCorr
  0.99SSGVX State Street GlobalPairCorr
  0.97SSFJX State Street TargetPairCorr
  0.97SSFKX State Street TargetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ssga Mutual Fund performing well and Ssga International 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 Ssga International'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY