Siit E Correlations
| SCOAX Fund | USD 8.96 0.03 0.33% |
The correlation of Siit E 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 E Correlation With Market
Average diversification
The correlation between Siit E Fixed and DJI is 0.13 (i.e., Average 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.
Siit |
Moving together with Siit Mutual Fund
| 0.95 | SAAAX | Simt Multi Asset | PairCorr |
| 0.89 | SRWAX | Saat Market Growth | PairCorr |
| 0.83 | SRYRX | Simt Real Return | PairCorr |
| 0.82 | SSCGX | Simt Small Cap | PairCorr |
| 0.82 | SSEAX | Siit Screened World | PairCorr |
| 0.87 | SSGAX | Saat Aggressive Strategy | PairCorr |
| 0.86 | SASDX | Saat Aggressive Strategy | PairCorr |
| 0.92 | TFCAX | Tax Free Conservative | PairCorr |
| 0.92 | TFCYX | Tax Free Conservative | PairCorr |
| 0.83 | SSPIX | Simt Sp 500 | PairCorr |
| 0.94 | SSTDX | Saat Servative Strategy | PairCorr |
| 0.95 | SBDAX | Stet California Municipal | PairCorr |
| 0.94 | STAYX | Stet Tax Advantaged | PairCorr |
| 0.91 | STDAX | Saat Defensive Strategy | PairCorr |
| 0.89 | ENIAX | Siit Opportunistic Income | PairCorr |
| 0.85 | STLYX | Simt Tax Managed | PairCorr |
| 0.64 | STMPX | Simt Tax Managed | PairCorr |
| 0.64 | STMSX | Simt Tax Managed | PairCorr |
| 1.0 | SCFYX | Simt E Fixed | PairCorr |
| 0.91 | SCMSX | Saat E Market | PairCorr |
| 0.92 | SCLAX | Simt Multi Asset | PairCorr |
| 1.0 | CFVAX | Catholic Values Fixed | PairCorr |
| 1.0 | CFVYX | Catholic Values Fixed | PairCorr |
| 0.84 | SCPAX | Siit Large Cap | PairCorr |
| 1.0 | SCXIX | Sei Insti Mgd | PairCorr |
| 0.95 | SCYYX | Stet California Municipal | PairCorr |
| 0.84 | SUMAX | Stet Short Duration | PairCorr |
| 0.93 | SUSAX | Siit Ultra Short | PairCorr |
| 0.96 | SDGFX | Sdit Short Duration | PairCorr |
| 0.82 | SDLAX | Siit Dynamic Asset | PairCorr |
| 0.71 | SVAYX | Simt Large Cap | PairCorr |
| 0.83 | SDYAX | Simt Dynamic Asset | PairCorr |
| 0.83 | SDYYX | Simt Dynamic Asset | PairCorr |
| 0.93 | SVSAX | Saat Servative Strategy | PairCorr |
| 0.87 | SEAIX | Saat Aggressive Strategy | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TGTXX | ||
| 0.0 | 0.0 | 0.0 | 0.95 | 0.0 | 0.0 | SMAAX | ||
| 0.0 | 0.0 | 0.0 | 0.95 | 0.0 | 0.0 | LDMAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TCIXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DSVXX | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Siit Mutual Fund performing well and Siit E 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 E'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGTXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMAAX | 0.09 | 0.02 | (0.56) | 0.87 | 0.00 | 0.29 | 0.59 | |||
| LDMAX | 0.19 | 0.08 | (0.12) | (1.20) | 0.00 | 0.46 | 0.89 | |||
| TCIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DSVXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |