Ssga Sp Correlations

Mutual Funds . USA . 
Fund . Ssga Sp 500
SVSPX Fund  USD 301.20  0.63  0.21%   
The current 90-days correlation between Ssga Sp 500 and Gabelli Global Financial is 0.63 (i.e., Poor diversification). The correlation of Ssga Sp 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 Sp Correlation With Market

Very poor diversification

The correlation between Ssga Sp 500 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 Ssga Sp 500 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 Sp 500. 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 Ssga Mutual Fund

  0.9SSAHX State Street TargetPairCorr
  0.89SSAJX State Street TargetPairCorr
  0.87SSAOX State Street TargetPairCorr
  0.62SSAQX State Street CorePairCorr
  0.88SSAKX State Street TargetPairCorr
  0.97SSBYX State Street TargetPairCorr
  0.97SSCKX State Street TargetPairCorr
  0.97SSCQX State Street TargetPairCorr
  0.96SSAWX State Street TargetPairCorr
  0.89SSAZX State Street TargetPairCorr
  0.97SSAYX State Street TargetPairCorr
  0.97SSAUX State Street TargetPairCorr
  0.96SSBSX State Street TargetPairCorr
  0.87SSDYX State Street TargetPairCorr
  0.9SSEYX State Street EquityPairCorr
  0.97SSDEX State Street TargetPairCorr
  0.97SSDLX State Street TargetPairCorr
  0.97SSDQX State Street TargetPairCorr
  0.82SSGLX State Street GlobalPairCorr
  0.73SSGHX State Street GlobalPairCorr
  0.92SSGJX State Street GlobalPairCorr
  0.92SSGVX State Street GlobalPairCorr
  0.64SSFCX State Street AggregatePairCorr
  0.97SSFJX State Street TargetPairCorr
  0.97SSFKX State Street TargetPairCorr
  1.0SSFRX State Street EquityPairCorr
  0.9SSFOX State Street TargetPairCorr
  0.79SSIQX Ssga International StockPairCorr
  0.73SSILX Ssga International StockPairCorr
  0.89SSHQX State Street HedgedPairCorr
  0.87SSKEX State Street EmergingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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