Siit Large Correlations

Mutual Funds USA . 
Fund . Siit Large Cap
SCPAX Fund  USD 10.99  0.03  0.27%   
The current 90-days correlation between Siit Large Cap and Calvert Moderate Allocation is 0.41 (i.e., Very weak 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 World Market Map 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

  0.97SRWAX Saat Market GrowthPairCorr
  0.96SSCGX Simt Small CapPairCorr
  1.0SSEAX Siit Screened WorldPairCorr
  1.0SSGAX Saat Aggressive StrategyPairCorr
  1.0SASDX Saat Aggressive StrategyPairCorr
  0.97SSMAX Siit Small MidPairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.88SSTDX Saat Servative StrategyPairCorr
  0.89ENIAX Siit Opportunistic IncomePairCorr
  0.91STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.96STVYX Simt Tax ManagedPairCorr
  0.9SCMSX Saat E MarketPairCorr
  0.97SCLAX Simt Multi AssetPairCorr
  0.83SCYYX Stet California MunicipalPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.81SUSAX Siit Ultra ShortPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.9SVSAX Saat Servative StrategyPairCorr
  1.0SEAIX Saat Aggressive StrategyPairCorr
  0.89SEDIX Saat Defensive StrategyPairCorr
  0.97SECAX Siit Small CapPairCorr
  0.87SEDAX Siit Emerging MarketsPairCorr
  0.98SEEIX Sei Instit InternationalPairCorr
  0.98SEFCX Sit International EquityPairCorr
  0.67SEIAX Siit Multi AssetPairCorr
  0.99SEHAX Siit Equity FactorPairCorr
  0.95SEIRX Simt Real EstatePairCorr
  0.98SEITX Sit International EquityPairCorr
  0.95SEIYX Simt High YieldPairCorr
  0.97SEMCX Simt Mid CapPairCorr

Related Correlations Analysis


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.

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