Siit Ultra Correlations

SUSAX Fund

USD 9.95 0.01 0.10%

The current 90-days correlation between Siit Ultra Short and Omni Small Cap Value is -0.09 (i.e., Good diversification). The correlation of Siit Ultra 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 Ultra Correlation With Market

Good diversification

The correlation between Siit Ultra Short and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Ultra Short 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 Ultra Short. 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

0.64	SSCGX	Simt Small Cap	Pair Corr
0.62	SSGAX	Saat Aggressive Strategy	Pair Corr
0.61	SSMAX	Siit Small Mid	Pair Corr
0.95	TFCAX	Tax Free Conservative	Pair Corr
0.93	TFCYX	Tax Free Conservative	Pair Corr
0.72	SSPIX	Simt Sp 500	Pair Corr
0.91	STDAX	Saat Defensive Strategy	Pair Corr
0.91	ENIAX	Siit Opportunistic Income	Pair Corr
0.67	STLYX	Simt Tax Managed	Pair Corr
0.71	SCPAX	Siit Large Cap	Pair Corr
0.77	SUMAX	Stet Short Duration	Pair Corr
0.76	SUSYX	Simt Managed Volatility	Pair Corr
0.71	SDLAX	Siit Dynamic Asset	Pair Corr
0.69	SVAYX	Simt Large Cap	Pair Corr
0.71	SDYAX	Simt Dynamic Asset	Pair Corr
0.75	SVOAX	Simt Managed Volatility	Pair Corr
0.71	SDYYX	Simt Dynamic Asset	Pair Corr
0.61	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Siit Mutual Fund

0.5	SCFYX	Simt E Fixed	Pair Corr
0.52	SCXIX	Sei Insti Mgd	Pair Corr
0.5	CFVYX	Catholic Values Fixed	Pair Corr
0.49	SCOAX	Siit E Fixed	Pair Corr

Related Correlations Analysis

	BOSVX	LANIX	RFXIX	ARCHX	MDSKX	VSTCX	OPTCX
BOSVX		0.85	0.56	0.51	0.97	0.96	0.83	BOSVX
LANIX	0.85		0.74	0.77	0.92	0.93	0.95	LANIX
RFXIX	0.56	0.74		0.49	0.69	0.72	0.89	RFXIX
ARCHX	0.51	0.77	0.49		0.56	0.57	0.63	ARCHX
MDSKX	0.97	0.92	0.69	0.56		1.0	0.92	MDSKX
VSTCX	0.96	0.93	0.72	0.57	1.0		0.94	VSTCX
OPTCX	0.83	0.95	0.89	0.63	0.92	0.94		OPTCX
	BOSVX	LANIX	RFXIX	ARCHX	MDSKX	VSTCX	OPTCX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BOSVX	1.01	(0.05)	0.03	0.09	0.82	(1.18)	2.15	(1.62)	8.98
LANIX	0.51	(0.02)	(0.07)	0.09	0.55	(0.56)	1.22	(0.87)	3.14
RFXIX	0.07	0.02	(0.86)	(0.47)	0.00	(0.10)	0.11	(0.11)	0.39
ARCHX	0.35	(0.02)	(0.20)	0.07	0.36	(0.40)	0.67	(0.71)	1.69
MDSKX	0.96	(0.01)	0.05	0.11	0.89	(1.07)	2.09	(1.62)	7.61
VSTCX	0.89	0.01	0.06	0.13	0.81	(0.99)	2.14	(1.52)	6.89
OPTCX	0.16	0.02	(0.40)	0.22	0.00	(0.24)	0.41	(0.21)	1.07

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