Siit Us Correlations

SEHAX Fund

USD 14.82 0.09 0.61%

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

Modest diversification

The correlation between Siit Equity Factor and DJI is 0.22 (i.e., Modest 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

0.7	SAAAX	Simt Multi Asset	Pair Corr
0.88	SRWAX	Saat Market Growth	Pair Corr
0.97	SSCGX	Simt Small Cap	Pair Corr
0.87	SSGAX	Saat Aggressive Strategy	Pair Corr
0.88	SASDX	Saat Aggressive Strategy	Pair Corr
0.98	SSMAX	Siit Small Mid	Pair Corr
0.94	SSPIX	Simt Sp 500	Pair Corr
0.83	SSTDX	Saat Servative Strategy	Pair Corr
0.67	SBDAX	Stet California Municipal	Pair Corr
0.8	STAYX	Stet Tax Advantaged	Pair Corr
0.92	STLYX	Simt Tax Managed	Pair Corr
0.92	STMPX	Simt Tax Managed	Pair Corr
0.92	STMSX	Simt Tax Managed	Pair Corr
0.84	STVYX	Simt Tax Managed	Pair Corr
0.68	SCFYX	Simt E Fixed	Pair Corr
0.85	SCMSX	Saat E Market	Pair Corr
0.86	SCLAX	Simt Multi Asset	Pair Corr
0.77	CFVAX	Catholic Values Fixed	Pair Corr
0.63	SCOAX	Siit E Fixed	Pair Corr
0.76	CFVYX	Catholic Values Fixed	Pair Corr
0.94	SCPAX	Siit Large Cap	Pair Corr
0.68	SCXIX	Sei Insti Mgd	Pair Corr
0.68	SCYYX	Stet California Municipal	Pair Corr
0.88	SUSYX	Simt Managed Volatility	Pair Corr
0.91	SDLAX	Siit Dynamic Asset	Pair Corr
0.88	SVAYX	Simt Large Cap	Pair Corr
0.92	SDYAX	Simt Dynamic Asset	Pair Corr
0.88	SVOAX	Simt Managed Volatility	Pair Corr
0.96	SDYYX	Simt Dynamic Asset	Pair Corr
0.76	SVSAX	Saat Servative Strategy	Pair Corr
0.87	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Siit Mutual Fund

0.32

SDGFX

Sdit Short Duration

Pair Corr

Related Correlations Analysis

	AALXX	MODXX	AIEXX	AEYXX	FMFXX	SWGXX	PMTXX
AALXX		0.0	0.0	0.0	0.0	0.0	0.0	AALXX
MODXX	0.0		0.0	0.0	0.0	0.0	0.0	MODXX
AIEXX	0.0	0.0		0.0	0.0	0.0	0.0	AIEXX
AEYXX	0.0	0.0	0.0		0.0	0.0	0.0	AEYXX
FMFXX	0.0	0.0	0.0	0.0		0.0	0.0	FMFXX
SWGXX	0.0	0.0	0.0	0.0	0.0		0.26	SWGXX
PMTXX	0.0	0.0	0.0	0.0	0.0	0.26		PMTXX
	AALXX	MODXX	AIEXX	AEYXX	FMFXX	SWGXX	PMTXX

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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

PMTXX	+ 0.26	SWGXX
MODXX	+ 0.0	AALXX
AIEXX	+ 0.0	AALXX
AEYXX	+ 0.0	AALXX
FMFXX	+ 0.0	AALXX
SWGXX	+ 0.0	AALXX

High negative correlations

PMTXX	- 0.0	FMFXX
SWGXX	- 0.0	FMFXX
PMTXX	- 0.0	AEYXX
SWGXX	- 0.0	AEYXX
FMFXX	- 0.0	AEYXX
PMTXX	- 0.0	AIEXX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Maximum Drawdown
AALXX	0.00	0.00	0.00	0.00
MODXX	0.00	0.00	0.00	0.00
AIEXX	0.00	0.00	0.00	0.00
AEYXX	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00
SWGXX	0.03	0.01	(0.31)	1.01
PMTXX	0.03	0.01	(1.06)	1.01

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