Sdit Gnma Correlations

Mutual Funds . USA . 
Fund . Sdit Gnma Fund
SEGMX Fund  USD 8.97  0.02  0.22%   
The current 90-days correlation between Sdit Gnma Fund and Vanguard Financials Index is -0.27 (i.e., Very good diversification). The correlation of Sdit Gnma 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.

Sdit Gnma Correlation With Market

Good diversification

The correlation between Sdit Gnma Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sdit Gnma Fund 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 Sdit Gnma Fund. 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 population.

Moving together with Sdit Mutual Fund

  0.61SAAAX Simt Multi AssetPairCorr
  0.82SBDAX Stet California MunicipalPairCorr
  1.0SCFYX Simt E FixedPairCorr
  1.0CFVAX Catholic Values FixedPairCorr
  1.0SCOAX Siit E FixedPairCorr
  1.0CFVYX Catholic Values FixedPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.81SCYYX Stet California MunicipalPairCorr
  0.69SDGFX Sdit Short DurationPairCorr

Moving against Sdit Mutual Fund

  0.8SCPAX Siit Large CapPairCorr
  0.79STDAX Saat Defensive StrategyPairCorr
  0.77SSPIX Simt Sp 500PairCorr
  0.77ENIAX Siit Opportunistic IncomePairCorr
  0.75TFCYX Tax Free ConservativePairCorr
  0.71SSCGX Simt Small CapPairCorr
  0.71STMPX Simt Tax ManagedPairCorr
  0.71STMSX Simt Tax ManagedPairCorr
  0.67SSMAX Siit Small MidPairCorr
  0.66TFCAX Tax Free ConservativePairCorr
  0.64STLYX Simt Tax ManagedPairCorr
  0.54SSGAX Saat Aggressive StrategyPairCorr
  0.51SASDX Saat Aggressive StrategyPairCorr
  0.36SRWAX Saat Market GrowthPairCorr
  0.34STVYX Simt Tax ManagedPairCorr
  0.83SDYAX Simt Dynamic AssetPairCorr
  0.83SDYYX Simt Dynamic AssetPairCorr
  0.82SDLAX Siit Dynamic AssetPairCorr
  0.79SEHAX Siit Equity FactorPairCorr
  0.73SVAYX Simt Large CapPairCorr
  0.7SECAX Siit Small CapPairCorr
  0.66SUSYX Simt Managed VolatilityPairCorr
  0.66SVOAX Simt Managed VolatilityPairCorr
  0.63SVYAX Siit Managed VolatilityPairCorr
  0.57SUSAX Siit Ultra ShortPairCorr
  0.54SECYX Sdit Ultra ShortPairCorr
  0.53SECPX Sdit Ultra ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sdit Mutual Fund performing well and Sdit Gnma 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 Sdit Gnma'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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