Siit Large Correlations

Mutual Funds . USA . 
Fund . Siit Large Cap
SLCAX Fund  USD 17.29  0.08  0.46%   
The current 90-days correlation between Siit Large Cap and Aqr Large Cap is 0.96 (i.e., Almost no diversification). The correlation of Siit Large 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 Large Correlation With Market

Almost no diversification

The correlation between Siit Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap 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 Large Cap. 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

  0.8SRWAX Saat Market GrowthPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.89SSGAX Saat Aggressive StrategyPairCorr
  0.88SASDX Saat Aggressive StrategyPairCorr
  0.95SSMAX Siit Small MidPairCorr
  0.73TFCAX Tax Free ConservativePairCorr
  0.78TFCYX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.9STDAX Saat Defensive StrategyPairCorr
  0.88ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.84STVYX Simt Tax ManagedPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.73SUSAX Siit Ultra ShortPairCorr
  0.99SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.89SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.38SBDAX Stet California MunicipalPairCorr
  0.73CFVYX Catholic Values FixedPairCorr
  0.72SCFYX Simt E FixedPairCorr
  0.72SCOAX Siit E FixedPairCorr
  0.72SCXIX Sei Insti MgdPairCorr
  0.37SCYYX Stet California MunicipalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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