State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSFRX Fund  USD 504.14  5.89  1.15%   
The current 90-days correlation between State Street Equity and Lord Abbett Small is 0.1 (i.e., Average 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

Very poor diversification

The correlation between State Street Equity and DJI is 0.81 (i.e., Very poor 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 real.

Moving together with State Mutual Fund

  0.85SSAHX State Street TargetPairCorr
  0.84SSCKX State Street TargetPairCorr
  0.96SVSPX Ssga Sp 500PairCorr
  0.86ELDFX Elfun DiversifiedPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VIIIX Vanguard InstitutionalPairCorr
  0.84TRHRX T Rowe PricePairCorr
  0.67FAXDX Fidelity Advisor FreedomPairCorr
  0.86TLQIX Tiaa Cref LifecyclePairCorr
  0.7AMKIX Emerging MarketsPairCorr
  0.86WFSPX Blackrock Sp 500PairCorr
  0.69RWIGX Capital World GrowthPairCorr
  0.69ISPVX Ivy Small CapPairCorr
  0.64DWTNX Arrow Dwa TacticalPairCorr
  0.9TRRMX T Rowe PricePairCorr
  0.82FAJTX American Funds 2055PairCorr
  0.75EMCIX Ashmore Emerging MarketsPairCorr
  0.75VASIX Vanguard LifestrategyPairCorr
  0.67FLYCX Nuveen Large CapPairCorr
  0.68ETABX Eventide Limited TermPairCorr
  0.7PISIX Pimco InternationalPairCorr
  0.73FLBDX Total Return BondPairCorr
  0.72SVBAX Balanced Fund ClassPairCorr
  0.63ETCGX Eventide GileadPairCorr

Related Correlations Analysis


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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