State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSFRX Fund  USD 455.40  0.02  0%   
The current 90-days correlation between State Street Equity and Ab Small Cap is 0.8 (i.e., Very poor 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 0.8 (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 metropolitan statistical area.

Moving together with State Mutual Fund

  0.64ELDFX Elfun DiversifiedPairCorr
  0.99ELFNX Elfun Trusts ElfunPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.98ASG Liberty All StarPairCorr
  0.96CII Blackrock EnhancedPairCorr
  0.97ETV Eaton Vance TaxPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.92CRF Cornerstone Strategic Sell-off TrendPairCorr
  0.96USA Liberty All StarPairCorr
  0.98ETY Eaton Vance TaxPairCorr
  0.77NFJ Virtus Dividend InterestPairCorr
  0.64CAT Caterpillar Sell-off TrendPairCorr
  0.88WMT WalmartPairCorr
  0.77HD Home DepotPairCorr
  0.94CSCO Cisco SystemsPairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against State Mutual Fund

  0.67EINFX Elfun IncomePairCorr
  0.57IFN India ClosedPairCorr
  0.55EGLBX Elfun InternationalPairCorr
  0.85JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.83PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.82KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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