State Street Correlations

Mutual Funds . USA . 
Fund . State Street Institutional
SSQSX Fund  USD 16.89  0.08  0.47%   
The current 90-days correlation between State Street Institu and State Street Institutional is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between State Street Institutional and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Institutional 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 Institutional. 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 state.

Moving together with State Mutual Fund

  0.94SSAHX State Street TargetPairCorr
  0.71SSAJX State Street TargetPairCorr
  0.9SSAIX Ssga International StockPairCorr
  0.96SSAOX State Street TargetPairCorr
  0.96SSAQX State Street CorePairCorr
  0.71SSAKX State Street TargetPairCorr
  0.71SSBYX State Street TargetPairCorr
  0.95SSBWX State Street TargetPairCorr
  0.71SSCKX State Street TargetPairCorr
  0.71SSCNX State Street TargetPairCorr
  0.71SSCJX State Street TargetPairCorr
  0.71SSCQX State Street TargetPairCorr
  0.72SSAWX State Street TargetPairCorr
  0.71SSAZX State Street TargetPairCorr
  0.71SSAYX State Street TargetPairCorr
  0.72SSAUX State Street TargetPairCorr
  0.7SSBRX State Street TargetPairCorr
  0.7SSBSX State Street TargetPairCorr
  0.71SSDYX State Street TargetPairCorr
  0.97SSEYX State Street EquityPairCorr
  0.96SSDEX State Street TargetPairCorr
  0.72SSDDX State Street TargetPairCorr
  0.68SSDOX State Street TargetPairCorr
  0.71SSDJX State Street TargetPairCorr
  0.72SSDLX State Street TargetPairCorr
  0.71SSDWX State Street TargetPairCorr
  0.71SSDQX State Street TargetPairCorr
  0.66SSGLX State Street GlobalPairCorr
  0.66SSGHX State Street GlobalPairCorr
  0.66SSGJX State Street GlobalPairCorr
  0.65SSGVX State Street GlobalPairCorr
  0.72SSFJX State Street TargetPairCorr
  0.72SSFKX 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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