SEI Exchange Correlations

Etfs . USA . 
Etf . SEI Exchange Traded
SEIM Etf  USD 40.42  0.32  0.80%   
The current 90-days correlation between SEI Exchange Traded and SEI Exchange Traded is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SEI Exchange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SEI Exchange Traded moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SEI Exchange Correlation With Market

Poor diversification

The correlation between SEI Exchange Traded and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEI Exchange Traded 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 SEI Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SEI Etf

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  0.97IUSG iShares Core SPPairCorr
  0.97VONG Vanguard Russell 1000PairCorr
  0.97MGK Vanguard Mega CapPairCorr
  0.97VRGWX Vanguard Russell 1000PairCorr
  0.97MTUM iShares MSCI USAPairCorr
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  0.95CRPT First Trust SkyBridgePairCorr
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  0.81HD Home DepotPairCorr
  0.77HPQ HP IncPairCorr
  0.93CVX Chevron Corp Sell-off TrendPairCorr
  0.83TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.96AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.82T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.87INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.91BAC Bank of America Aggressive PushPairCorr
  0.85JPM JPMorgan Chase Sell-off TrendPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.88DIS Walt Disney Sell-off TrendPairCorr

Moving against SEI Etf

  0.82KO Coca Cola Aggressive PushPairCorr
  0.75PFE Pfizer Inc Aggressive PushPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

SEI Exchange Constituents Risk-Adjusted Indicators

There is a big difference between SEI Etf performing well and SEI Exchange ETF 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 SEI Exchange'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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