Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Cap
SECAX Fund  USD 10.14  0.22  2.22%   
The current 90-days correlation between Siit Small Cap and Pace Smallmedium Value is 0.98 (i.e., Almost no diversification). The correlation of Siit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Siit Small Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small Cap 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 Small 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

  0.92SAAAX Simt Multi AssetPairCorr
  0.87SRWAX Saat Market GrowthPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.9SSGAX Saat Aggressive StrategyPairCorr
  0.91SASDX Saat Aggressive StrategyPairCorr
  1.0SSMAX Siit Small MidPairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.67SBDAX Stet California MunicipalPairCorr
  0.67STAYX Stet Tax AdvantagedPairCorr
  0.67ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  1.0STMPX Simt Tax ManagedPairCorr
  1.0STMSX Simt Tax ManagedPairCorr
  0.66STVYX Simt Tax ManagedPairCorr
  0.84SCMSX Saat E MarketPairCorr
  0.73SCLAX Simt Multi AssetPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.67SCYYX Stet California MunicipalPairCorr
  0.83SUSYX Simt Managed VolatilityPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.92SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.82SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.9SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.79TFCAX Tax Free ConservativePairCorr
  0.79TFCYX Tax Free ConservativePairCorr
  0.65SRYRX Simt Real ReturnPairCorr
  0.46SCOAX Siit E FixedPairCorr
  0.43SCFYX Simt E FixedPairCorr
  0.37CFVAX Catholic Values FixedPairCorr
  0.36CFVYX Catholic Values FixedPairCorr
  0.89SDGFX Sdit Short DurationPairCorr
  0.86SECPX Sdit Ultra ShortPairCorr
  0.67SUSAX Siit Ultra ShortPairCorr
  0.67RRPAX Siit Real ReturnPairCorr
  0.62SECYX Sdit Ultra ShortPairCorr
  0.58SEGMX Sdit Gnma FundPairCorr
  0.55SCXIX Sei Insti MgdPairCorr
  0.36SEIAX Siit Multi AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY