Siit E Correlations

SCOAX Fund

USD 9.01 0.03 0.33%

The current 90-days correlation between Siit E Fixed and T Rowe Price is 0.04 (i.e., Significant diversification). The correlation of Siit E 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 E Correlation With Market

Very weak diversification

The correlation between Siit E Fixed and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed 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 Siit E Fixed. 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

0.65	SAAAX	Simt Multi Asset	Pair Corr
0.61	SRWAX	Saat Market Growth	Pair Corr
0.66	SRYRX	Simt Real Return	Pair Corr
0.63	TFCYX	Tax Free Conservative	Pair Corr
0.66	SSTDX	Saat Servative Strategy	Pair Corr
0.66	STLYX	Simt Tax Managed	Pair Corr
0.99	SCFYX	Simt E Fixed	Pair Corr
0.64	SCMSX	Saat E Market	Pair Corr
0.64	SCLAX	Simt Multi Asset	Pair Corr
0.96	CFVAX	Catholic Values Fixed	Pair Corr
0.96	CFVYX	Catholic Values Fixed	Pair Corr
0.96	SCXIX	Sei Insti Mgd	Pair Corr
0.62	SUSAX	Siit Ultra Short	Pair Corr
0.73	SDGFX	Sdit Short Duration	Pair Corr
0.66	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Siit Mutual Fund

0.5

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	BOGSX	DODEX	RYMBX	TEOJX	APDOX	ANGCX	TMSSX
BOGSX		0.79	0.67	0.78	0.69	0.64	0.2	BOGSX
DODEX	0.79		0.93	0.98	0.95	0.87	-0.18	DODEX
RYMBX	0.67	0.93		0.9	0.84	0.74	-0.37	RYMBX
TEOJX	0.78	0.98	0.9		0.95	0.87	-0.16	TEOJX
APDOX	0.69	0.95	0.84	0.95		0.95	-0.2	APDOX
ANGCX	0.64	0.87	0.74	0.87	0.95		-0.16	ANGCX
TMSSX	0.2	-0.18	-0.37	-0.16	-0.2	-0.16		TMSSX
	BOGSX	DODEX	RYMBX	TEOJX	APDOX	ANGCX	TMSSX

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

TEOJX	+ 0.98	DODEX
APDOX	+ 0.95	DODEX
APDOX	+ 0.95	TEOJX
ANGCX	+ 0.95	APDOX
RYMBX	+ 0.93	DODEX
TEOJX	+ 0.9	RYMBX

High negative correlations

TMSSX	- 0.37	RYMBX
TMSSX	- 0.2	APDOX
TMSSX	- 0.18	DODEX
TMSSX	- 0.16	ANGCX
TMSSX	- 0.16	TEOJX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit E 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 E'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOGSX	1.11	(0.07)	(0.04)	0.02	1.57	(1.05)	2.31	(2.67)	5.97
DODEX	0.55	0.16	0.17	0.39	0.25	(0.63)	1.48	(1.00)	3.26
RYMBX	0.91	0.11	0.03	1.76	1.01	(1.07)	1.82	(1.59)	6.05
TEOJX	0.66	0.17	0.10	4.29	0.61	(0.76)	1.62	(1.27)	4.27
APDOX	0.10	0.07	(0.06)	2.06	0.00	(0.15)	0.28	(0.18)	0.56
ANGCX	0.07	0.01	(0.60)	0.85	0.00	(0.15)	0.12	(0.12)	0.58
TMSSX	0.14	(0.03)	0.00	(0.64)	0.00	0.00	0.23	(0.23)	2.21

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