State Street Correlations

Mutual Funds . USA . 
Fund . State Street Income
SSASX Fund  USD 9.89  0.02  0.20%   
The current 90-days correlation between State Street Income and T Rowe Price is 0.43 (i.e., Very weak 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

Average diversification

The correlation between State Street Income and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Income 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 Income. 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

  0.64SSAIX Ssga International StockPairCorr
  0.99SSAFX State Street AggregatePairCorr
  0.61SSAOX State Street TargetPairCorr
  0.62SSAKX State Street TargetPairCorr
  0.65SSBYX State Street TargetPairCorr
  0.64SSBWX State Street TargetPairCorr
  0.68SSCKX State Street TargetPairCorr
  0.68SSCNX State Street TargetPairCorr
  0.68SSCJX State Street TargetPairCorr
  0.68SSCQX State Street TargetPairCorr
  0.62SSAWX State Street TargetPairCorr
  0.67SSAYX State Street TargetPairCorr
  0.62SSAUX State Street TargetPairCorr
  0.63SSBRX State Street TargetPairCorr
  0.63SSBSX State Street TargetPairCorr
  0.68SSDYX State Street TargetPairCorr
  0.67SSDEX State Street TargetPairCorr
  0.67SSDDX State Street TargetPairCorr
  0.66SSDOX State Street TargetPairCorr
  0.66SSDJX State Street TargetPairCorr
  0.67SSDLX State Street TargetPairCorr
  0.68SSDWX State Street TargetPairCorr
  0.67SSDQX State Street TargetPairCorr
  0.8SSGLX State Street GlobalPairCorr
  0.81SSGHX State Street GlobalPairCorr
  0.8SSGJX State Street GlobalPairCorr
  0.72SSGVX State Street GlobalPairCorr
  0.99SSFDX State Street AggregatePairCorr
  0.99SSFCX State Street AggregatePairCorr
  0.68SSFJX State Street TargetPairCorr
  0.7SSFKX State Street TargetPairCorr

Related Correlations Analysis

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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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