Stet Intermediate Correlations

Mutual Funds . USA . 
Fund . Stet Intermediate Term
SINYX Fund  USD 11.13  0.01  0.09%   
The current 90-days correlation between Stet Intermediate Term and Sit International Equity is 0.09 (i.e., Significant diversification). The correlation of Stet 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.

Stet Intermediate Correlation With Market

Average diversification

The correlation between Stet Intermediate Term and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Intermediate Term 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 Stet Intermediate Term. 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 manufacturing.

Moving together with Stet Mutual Fund

  0.7SAAAX Simt Multi AssetPairCorr
  0.73SRYRX Simt Real ReturnPairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.91SBDAX Stet California MunicipalPairCorr
  0.94STAYX Stet Tax AdvantagedPairCorr
  0.72SCFYX Simt E FixedPairCorr
  0.73SCOAX Siit E FixedPairCorr
  0.71CFVYX Catholic Values FixedPairCorr
  0.71SCXIX Sei Insti MgdPairCorr
  0.98SCYYX Stet California MunicipalPairCorr
  0.75SDGFX Sdit Short DurationPairCorr
  0.68SVSAX Saat Servative StrategyPairCorr
  0.95SEATX Stet Tax AdvantagedPairCorr

Moving against Stet Mutual Fund

  0.32STMPX Simt Tax ManagedPairCorr
  0.32STMSX Simt Tax ManagedPairCorr
  0.31SSCGX Simt Small CapPairCorr
  0.35SDYAX Simt Dynamic AssetPairCorr
  0.35SDYYX Simt Dynamic AssetPairCorr
  0.34SCPAX Siit Large CapPairCorr
  0.33SDLAX Siit Dynamic AssetPairCorr
  0.32SECAX Siit Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GSDUX
+ 0.87
WITIX
SEQFX
+ 0.64
SEFCX
SEQFX
+ 0.5
SIYYX
SIYYX
+ 0.4
GSDUX
WITIX
+ 0.35
SEFCX
SEQFX
+ 0.3
GSDUX
  
High negative correlations   
SIYYX
- 0.17
SEFCX

Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet 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 Stet 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY