Siit Core Correlations

Mutual Funds . USA . 
Fund . Siit E Fixed
SCOAX Fund  USD 8.99  0.01  0.11%   
The current 90-days correlation between Siit E Fixed and Redwood Real Estate is -0.14 (i.e., Good diversification). The correlation of Siit Core 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 Core Correlation With Market

Significant diversification

The correlation between Siit E Fixed and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed 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 E Fixed. 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

  0.94SAAAX Simt Multi AssetPairCorr
  0.92SRWAX Saat Market GrowthPairCorr
  0.89SRYRX Simt Real ReturnPairCorr
  0.88SSCGX Simt Small CapPairCorr
  0.82SSEAX Siit Screened WorldPairCorr
  0.91SSGAX Saat Aggressive StrategyPairCorr
  0.91SASDX Saat Aggressive StrategyPairCorr
  0.78SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.93TFCYX Tax Free ConservativePairCorr
  0.87SSPIX Simt Sp 500PairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.88STAYX Stet Tax AdvantagedPairCorr
  0.93STDAX Saat Defensive StrategyPairCorr
  0.93ENIAX Siit Opportunistic IncomePairCorr
  0.91STLYX Simt Tax ManagedPairCorr
  0.84STMPX Simt Tax ManagedPairCorr
  0.84STMSX Simt Tax ManagedPairCorr
  0.8STVYX Simt Tax ManagedPairCorr
  1.0SCFYX Simt E FixedPairCorr
  0.93SCMSX Saat E MarketPairCorr
  0.95SCLAX Simt Multi AssetPairCorr
  1.0CFVAX Catholic Values FixedPairCorr
  1.0CFVYX Catholic Values FixedPairCorr
  0.91SCPAX Siit Large CapPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.95SUMAX Stet Short DurationPairCorr
  0.76SUSYX Simt Managed VolatilityPairCorr
  0.96SUSAX Siit Ultra ShortPairCorr
  0.97SDGFX Sdit Short DurationPairCorr
  0.88SDLAX Siit Dynamic AssetPairCorr
  0.81SVAYX Simt Large CapPairCorr
  0.87SDYAX Simt Dynamic AssetPairCorr
  0.75SVOAX Simt Managed VolatilityPairCorr
  0.87SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.91SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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