Siit Core Correlations

Mutual Funds . USA . 
Fund . Siit E Fixed
SCOAX Fund  USD 8.81  0.02  0.23%   
The current 90-days correlation between Siit E Fixed and Icon Financial Fund is 0.15 (i.e., Average 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

Modest diversification

The correlation between Siit E Fixed and DJI is 0.21 (i.e., Modest 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

  0.81SAAAX Simt Multi AssetPairCorr
  0.64SRWAX Saat Market GrowthPairCorr
  0.77SRYRX Simt Real ReturnPairCorr
  0.61SSGAX Saat Aggressive StrategyPairCorr
  0.61SASDX Saat Aggressive StrategyPairCorr
  0.61TFCAX Tax Free ConservativePairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.68SBDAX Stet California MunicipalPairCorr
  0.68STDAX Saat Defensive StrategyPairCorr
  0.69ENIAX Siit Opportunistic IncomePairCorr
  1.0SCFYX Simt E FixedPairCorr
  0.65SCMSX Saat E MarketPairCorr
  0.72SCLAX Simt Multi AssetPairCorr
  0.99CFVAX Catholic Values FixedPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.68SCYYX Stet California MunicipalPairCorr
  0.66SUMAX Stet Short DurationPairCorr
  0.78SUSAX Siit Ultra ShortPairCorr
  0.83SDGFX Sdit Short DurationPairCorr
  0.73SVSAX Saat Servative StrategyPairCorr

Related Correlations Analysis

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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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