SPDR SSGA Correlations

SHE Etf

USD 114.61 0.00 0.00%

The current 90-days correlation between SPDR SSGA Gender and iShares MSCI ACWI is 0.93 (i.e., Almost no diversification). The correlation of SPDR SSGA 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.

SPDR SSGA Correlation With Market

Very poor diversification

The correlation between SPDR SSGA Gender and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SSGA Gender 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 SPDR SSGA Gender. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with SPDR Etf

0.84	VTI	Vanguard Total Stock	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.86	IVV	iShares Core SP	Pair Corr
0.97	VIG	Vanguard Dividend	Pair Corr
0.86	VV	Vanguard Large Cap	Pair Corr
0.9	RSP	Invesco SP 500	Pair Corr
0.85	IWB	iShares Russell 1000	Pair Corr
0.81	ESGU	iShares ESG Aware	Pair Corr
0.83	DFAC	Dimensional Core Equity	Pair Corr
0.86	SPLG	SPDR Portfolio SP	Pair Corr
0.68	FNGO	MicroSectors FANG Index	Pair Corr
0.68	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.76	DUSL	Direxion Daily Indus	Pair Corr
0.72	BA	Boeing	Pair Corr
0.72	AXP	American Express	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.89	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.92	WMT	Walmart	Pair Corr

Moving against SPDR Etf

0.59

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	CRBN	SUSA	SPYX	DSI	MILN
CRBN		0.77	0.86	0.65	0.93	CRBN
SUSA	0.77		0.98	0.98	0.83	SUSA
SPYX	0.86	0.98		0.93	0.9	SPYX
DSI	0.65	0.98	0.93		0.71	DSI
MILN	0.93	0.83	0.9	0.71		MILN
	CRBN	SUSA	SPYX	DSI	MILN

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SPDR SSGA Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SSGA ETF 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 SPDR SSGA'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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CRBN	0.70	0.00	(0.07)	1.18	(1.57)	4.45
SUSA	0.80	(0.06)	(0.15)	1.36	(1.67)	4.35
SPYX	0.83	(0.04)	(0.13)	1.29	(1.70)	4.57
DSI	0.90	(0.09)	(0.17)	1.50	(1.99)	4.76
MILN	0.99	(0.05)	(0.12)	1.70	(3.25)	5.50

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