Siit Small Correlations

Mutual Funds USA . 
Fund . Siit Small Cap
SECAX Fund  USD 12.36  0.06  0.49%   
The current 90-days correlation between Siit Small Cap and Mutual Of America is 0.54 (i.e., Very weak diversification). The correlation of Siit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Siit Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small 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 Small 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

  0.84SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.67SRYRX Simt Real ReturnPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  1.0SSMAX Siit Small MidPairCorr
  0.91TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.95SSPIX Simt Sp 500PairCorr
  0.88SSTDX Saat Servative StrategyPairCorr
  0.83SBDAX Stet California MunicipalPairCorr
  0.66STAYX Stet Tax AdvantagedPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.94STVYX Simt Tax ManagedPairCorr
  0.92SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.63SCOAX Siit E FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.83SCYYX Stet California MunicipalPairCorr
  0.87SUMAX Stet Short DurationPairCorr
  0.95SUSYX Simt Managed VolatilityPairCorr
  0.87SUSAX Siit Ultra ShortPairCorr
  0.86SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.93SDYAX Simt Dynamic AssetPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  0.93SDYYX Simt Dynamic AssetPairCorr
  0.89SVSAX Saat Servative StrategyPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.92SVYAX Siit Managed VolatilityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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