Siit Large Correlations

Mutual Funds USA . 
Fund . Siit Large Cap
LCIAX Fund  USD 209.77  0.03  0.01%   
The current 90-days correlation between Siit Large Cap and Siit Dynamic Asset is 0.99 (i.e., No risk reduction). 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

Good diversification

The correlation between Siit Large Cap and DJI is -0.08 (i.e., Good 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 Correlation Analysis 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

  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.99SSPIX Simt Sp 500PairCorr
  0.95SBDAX Stet California MunicipalPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.91SUSAX Siit Ultra ShortPairCorr
  0.93SVOAX Simt Managed VolatilityPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr
  0.89SVTAX Simt Global ManagedPairCorr
  0.94SEDIX Saat Defensive StrategyPairCorr
  0.97SECAX Siit Small CapPairCorr
  0.95SEDAX Siit Emerging MarketsPairCorr
  0.96SEEIX Sei Instit InternationalPairCorr
  1.0SEHAX Siit Equity FactorPairCorr
  0.75SEIRX Simt Real EstatePairCorr
  0.96SEITX Sit International EquityPairCorr
  0.97SEIYX Simt High YieldPairCorr
  0.99SELCX Simt Large CapPairCorr
  0.94AAEZX Enhanced Fixed IncomePairCorr
  0.97SXMAX Saat Moderate StrategyPairCorr
  0.95SGMAX Siit Global ManagedPairCorr
  0.96SGYAX Siit High YieldPairCorr
  0.96SHYAX Simt High YieldPairCorr
  0.98SISAX Saat Tax ManagedPairCorr
  0.95SITEX Sit Emerging MarketsPairCorr
  0.98SKTAX Saat E MarketPairCorr
  0.96SMAAX Aig Government MoneyPairCorr
  0.96SMYFX Simt Small CapPairCorr
  0.74TCSGX Sdit Short DurationPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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