Ssga International Correlations

SSILX Fund

USD 11.56 0.02 0.17%

The current 90-days correlation between Ssga International Stock and Sentinel Small Pany is 0.22 (i.e., Modest diversification). The correlation of Ssga International 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 International Correlation With Market

Average diversification

The correlation between Ssga International Stock and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ssga International Stock 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 International Stock. 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 bureau of economic analysis.

Moving together with Ssga Mutual Fund

0.92	SSAIX	Ssga International Stock	Pair Corr
0.64	SSADX	State Street Target	Pair Corr
0.87	SSAFX	State Street Aggregate	Pair Corr
0.87	SSASX	State Street Income	Pair Corr
0.94	SSGLX	State Street Global	Pair Corr
0.94	SSGHX	State Street Global	Pair Corr
0.94	SSGJX	State Street Global	Pair Corr
0.93	SSGVX	State Street Global	Pair Corr
0.86	SSFDX	State Street Aggregate	Pair Corr
0.87	SSFCX	State Street Aggregate	Pair Corr
0.86	SSFEX	State Street Aggregate	Pair Corr

Moving against Ssga Mutual Fund

0.45	SSAQX	State Street Core	Pair Corr
0.47	SSEYX	State Street Equity	Pair Corr
0.55	SSMKX	State Street Smallmid	Pair Corr
0.53	SSMLX	State Street Smallmid	Pair Corr
0.5	SSMHX	State Street Smallmid	Pair Corr
0.47	SSFRX	State Street Equity	Pair Corr

Related Correlations Analysis

	SIGWX	TBDQX	PASVX	TRHBX	JDJRX	PDNIX	MDBLX	MDSKX
SIGWX		0.73	0.89	0.88	-0.28	0.34	0.18	0.94	SIGWX
TBDQX	0.73		0.57	0.59	0.0	0.41	0.11	0.71	TBDQX
PASVX	0.89	0.57		0.94	-0.44	0.19	0.22	0.93	PASVX
TRHBX	0.88	0.59	0.94		-0.48	0.09	0.09	0.94	TRHBX
JDJRX	-0.28	0.0	-0.44	-0.48		0.58	0.46	-0.37	JDJRX
PDNIX	0.34	0.41	0.19	0.09	0.58		0.81	0.21	PDNIX
MDBLX	0.18	0.11	0.22	0.09	0.46	0.81		0.09	MDBLX
MDSKX	0.94	0.71	0.93	0.94	-0.37	0.21	0.09		MDSKX
	SIGWX	TBDQX	PASVX	TRHBX	JDJRX	PDNIX	MDBLX	MDSKX

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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

MDSKX	+ 0.94	SIGWX
TRHBX	+ 0.94	PASVX
MDSKX	+ 0.94	TRHBX
MDSKX	+ 0.93	PASVX
PASVX	+ 0.89	SIGWX
TRHBX	+ 0.88	SIGWX

High negative correlations

JDJRX	- 0.48	TRHBX
JDJRX	- 0.44	PASVX
MDSKX	- 0.37	JDJRX
JDJRX	- 0.28	SIGWX
JDJRX	- 0.0	TBDQX

Risk-Adjusted Indicators

There is a big difference between Ssga Mutual Fund performing well and Ssga International 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 International'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
SIGWX	0.77	(0.06)	(0.16)	1.43	(1.38)	9.10
TBDQX	0.96	(0.07)	(0.05)	1.47	(2.39)	13.56
PASVX	0.88	(0.16)	(0.08)	1.57	(1.33)	14.16
TRHBX	0.98	(0.11)	(0.04)	1.83	(1.63)	11.74
JDJRX	0.41	(0.01)	0.29	0.77	(0.88)	2.54
PDNIX	0.16	(0.03)	(0.76)	0.31	(0.41)	1.14
MDBLX	0.23	(0.05)	(1.25)	0.37	(0.61)	1.35
MDSKX	0.96	(0.08)	(0.02)	1.82	(1.62)	11.01

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