Siit Large Correlations

Mutual Funds . USA . 
Fund . Siit Large Cap
LCIAX Fund  USD 229.20  1.09  0.48%   
The current 90-days correlation between Siit Large Cap and Siit Dynamic Asset is 0.97 (i.e., Almost no diversification). The correlation of Siit Large 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.

Siit Large Correlation With Market

Very poor diversification

The correlation between Siit Large Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Siit Large Cap. 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 nation.

Moving together with Siit Mutual Fund

  0.73SRWAX Saat Market GrowthPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.83SSGAX Saat Aggressive StrategyPairCorr
  0.82SASDX Saat Aggressive StrategyPairCorr
  0.95SSMAX Siit Small MidPairCorr
  0.75TFCAX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.91STDAX Saat Defensive StrategyPairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.81STVYX Simt Tax ManagedPairCorr
  0.96SUSYX Simt Managed VolatilityPairCorr
  0.74SUSAX Siit Ultra ShortPairCorr
  0.99SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.94SVYAX Siit Managed VolatilityPairCorr
  0.99SEHAX Siit Equity FactorPairCorr
  0.95SEMCX Simt Mid CapPairCorr
  1.0SELCX Simt Large CapPairCorr
  0.9SESVX Simt Small CapPairCorr

Moving against Siit Mutual Fund

  0.76SCFYX Simt E FixedPairCorr
  0.76SCOAX Siit E FixedPairCorr
  0.76SCXIX Sei Insti MgdPairCorr
  0.43SCYYX Stet California MunicipalPairCorr
  0.36SEFCX Sit International EquityPairCorr
  0.32SEDAX Siit Emerging MarketsPairCorr
  0.75SGMYX Sdit Gnma FundPairCorr
  0.67SIDCX Siit IntermediatePairCorr
  0.52SENYX Stet New YorkPairCorr
  0.37SEITX Sit International EquityPairCorr
  0.37SEIMX Stet Intermediate TermPairCorr
  0.31SINYX Stet Intermediate TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Large 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 Siit Large'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY