State Street Correlations

SUSIX Fund  USD 11.99  0.24  1.96%   
The current 90-days correlation between State Street Institu and Federated Government Income is -0.12 (i.e., Good 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

Good diversification

The correlation between State Street Institutional and DJI is -0.14 (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 gross domestic product.

Moving together with State Mutual Fund

  0.81SSAHX State Street TargetPairCorr
  0.81SSAJX State Street TargetPairCorr
  0.81SSADX State Street TargetPairCorr
  0.77SSAOX State Street TargetPairCorr
  0.83SSAQX State Street CorePairCorr
  0.76SSAKX State Street TargetPairCorr
  0.81SSBYX State Street TargetPairCorr
  0.82SSBWX State Street TargetPairCorr
  0.78SSCKX State Street TargetPairCorr
  0.76SSCNX State Street TargetPairCorr
  0.78SSCJX State Street TargetPairCorr
  0.75SSCQX State Street TargetPairCorr
  0.74SSAWX State Street TargetPairCorr
  0.78SSAZX State Street TargetPairCorr
  0.73SSAYX State Street TargetPairCorr
  0.75SSAUX State Street TargetPairCorr
  0.83SSBRX State Street TargetPairCorr
  0.83SSBSX State Street TargetPairCorr
  0.85SSBNX State Street TargetPairCorr
  0.85SSBOX State Street TargetPairCorr
  0.67SSDYX State Street TargetPairCorr
  0.75SSDEX State Street TargetPairCorr
  0.76SSDDX State Street TargetPairCorr
  0.72SSDOX State Street TargetPairCorr
  0.73SSDJX State Street TargetPairCorr
  0.72SSDLX State Street TargetPairCorr
  0.68SSDWX State Street TargetPairCorr
  0.71SSDQX State Street TargetPairCorr

Moving against State Mutual Fund

  0.43SSHQX State Street HedgedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FHNFXFITSX
DNCGXFITSX
DNCGXFHNFX
VSIGXFITSX
VSIGXFHNFX
VSIGXDNCGX
  
High negative correlations   
VSIGXTAMXX
DNCGXTAMXX
SSAGXTAMXX
SMAAXTAMXX
TAMXXFHNFX
TAMXXFITSX

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.