Siit Us Correlations

Mutual Funds . USA . 
Fund . Siit Equity Factor
SEHAX Fund  USD 16.11  0.07  0.44%   
The current 90-days correlation between Siit Equity Factor and Siit Dynamic Asset is 0.93 (i.e., Almost no diversification). The correlation of Siit Us 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 Us Correlation With Market

Almost no diversification

The correlation between Siit Equity Factor and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Equity Factor 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 Equity Factor. 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

  0.74SRWAX Saat Market GrowthPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.85SSGAX Saat Aggressive StrategyPairCorr
  0.83SASDX Saat Aggressive StrategyPairCorr
  0.97SSMAX Siit Small MidPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.84TFCYX Tax Free ConservativePairCorr
  0.99SSPIX Simt Sp 500PairCorr
  0.93STDAX Saat Defensive StrategyPairCorr
  0.93ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.97STMSX Simt Tax ManagedPairCorr
  0.82STVYX Simt Tax ManagedPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.78SUSAX Siit Ultra ShortPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr

Moving against Siit Mutual Fund

  0.77SCFYX Simt E FixedPairCorr
  0.44SBDAX Stet California MunicipalPairCorr
  0.77CFVYX Catholic Values FixedPairCorr
  0.76CFVAX Catholic Values FixedPairCorr
  0.76SCOAX Siit E FixedPairCorr
  0.76SCXIX Sei Insti MgdPairCorr
  0.41SCYYX Stet California MunicipalPairCorr
  0.4SEDAX Siit Emerging MarketsPairCorr
  0.38SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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