Siit Sp Correlations

Mutual Funds . USA . 
Fund . Siit Sp 500
SPINX Fund  USD 20.43  0.15  0.74%   
The current 90-days correlation between Siit Sp 500 and Columbia Large Cap is 0.52 (i.e., Very weak diversification). The correlation of Siit Sp 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 Sp Correlation With Market

Average diversification

The correlation between Siit Sp 500 and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Sp 500 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 Sp 500. 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 board of governors.

Moving together with Siit Mutual Fund

  0.85SRWAX Saat Market GrowthPairCorr
  0.89SSCGX Simt Small CapPairCorr
  0.63SSEAX Siit Screened WorldPairCorr
  0.95SSMAX Siit Small MidPairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.64SBDAX Stet California MunicipalPairCorr
  0.78STAYX Stet Tax AdvantagedPairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.92STMPX Simt Tax ManagedPairCorr
  0.96STMSX Simt Tax ManagedPairCorr
  0.96STVYX Simt Tax ManagedPairCorr
  0.75SCFYX Simt E FixedPairCorr
  0.96SCLAX Simt Multi AssetPairCorr
  0.75CFVAX Catholic Values FixedPairCorr
  0.73SCOAX Siit E FixedPairCorr
  0.77CFVYX Catholic Values FixedPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.77SCXIX Sei Insti MgdPairCorr
  0.96SUSYX Simt Managed VolatilityPairCorr
  1.0SDLAX Siit Dynamic AssetPairCorr
  0.92SVAYX Simt Large CapPairCorr
  0.92SDYAX Simt Dynamic AssetPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  0.92SDYYX Simt Dynamic AssetPairCorr

Moving against Siit Mutual Fund

  0.7ENIAX Siit Opportunistic IncomePairCorr
  0.66STDAX Saat Defensive StrategyPairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.59TFCAX Tax Free ConservativePairCorr
  0.69SECYX Sdit Ultra ShortPairCorr
  0.68SUSAX Siit Ultra ShortPairCorr
  0.66SECPX Sdit Ultra ShortPairCorr
  0.64SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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