Siit Intermediate Correlations

Mutual Funds . USA . 
Fund . Siit Intermediate Duration
SIDCX Fund  USD 8.75  0.01  0.11%   
The current 90-days correlation between Siit Intermediate and Tiaa Cref High Yield Fund is 0.18 (i.e., Average diversification). The correlation of Siit Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Siit Intermediate Duration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Intermediate Duration 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 Intermediate Duration. 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 main economic indicators.

Moving together with Siit Mutual Fund

  0.64SAAAX Simt Multi AssetPairCorr
  0.75SRWAX Saat Market GrowthPairCorr
  0.66SSCGX Simt Small CapPairCorr
  0.68SSEAX Siit Screened WorldPairCorr
  0.65SSMAX Siit Small MidPairCorr
  0.71SSPIX Simt Sp 500PairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.84SBDAX Stet California MunicipalPairCorr
  0.86STAYX Stet Tax AdvantagedPairCorr
  0.69STLYX Simt Tax ManagedPairCorr
  0.65STMPX Simt Tax ManagedPairCorr
  0.73STMSX Simt Tax ManagedPairCorr
  0.71STVYX Simt Tax ManagedPairCorr
  0.81SCFYX Simt E FixedPairCorr
  0.69SCMSX Saat E MarketPairCorr
  0.8SCLAX Simt Multi AssetPairCorr
  0.9CFVAX Catholic Values FixedPairCorr
  0.89SCOAX Siit E FixedPairCorr
  0.99CFVYX Catholic Values FixedPairCorr
  0.76SCPAX Siit Large CapPairCorr
  0.99SCXIX Sei Insti MgdPairCorr
  0.83SCYYX Stet California MunicipalPairCorr
  0.65SUSYX Simt Managed VolatilityPairCorr
  0.67SDLAX Siit Dynamic AssetPairCorr
  0.67SVAYX Simt Large CapPairCorr
  0.74SDYAX Simt Dynamic AssetPairCorr
  0.64SVOAX Simt Managed VolatilityPairCorr
  0.74SDYYX Simt Dynamic AssetPairCorr
  0.67SVSAX Saat Servative StrategyPairCorr
  0.64SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.31ENIAX Siit Opportunistic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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