Siit Emerging Correlations

SEDAX Fund

USD 9.31 0.02 0.22%

The correlation of Siit Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Siit Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Emerging Markets 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 Emerging Markets. 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

0.91	TFCAX	Tax Free Conservative	Pair Corr
0.94	SCXIX	Sei Insti Mgd	Pair Corr
0.92	SUSAX	Siit Ultra Short	Pair Corr
0.97	SEDIX	Saat Defensive Strategy	Pair Corr
0.9	SECAX	Siit Small Cap	Pair Corr
0.93	SEHAX	Siit Equity Factor	Pair Corr
0.91	SEIYX	Simt High Yield	Pair Corr
0.99	AAEZX	Enhanced Fixed Income	Pair Corr
0.86	SXMAX	Saat Moderate Strategy	Pair Corr
0.9	SGYAX	Siit High Yield	Pair Corr
0.86	SLFYX	Simt Multi Asset	Pair Corr
0.95	SLGFX	Simt Large Cap	Pair Corr
0.89	SLPAX	Siit Small Cap	Pair Corr
0.97	SMAAX	Aig Government Money	Pair Corr
0.95	LCIAX	Siit Large Cap	Pair Corr
0.99	FGBMX	Fidelity New Markets	Pair Corr
0.99	FGZMX	Fidelity New Markets	Pair Corr
0.99	FGWMX	Fidelity New Markets	Pair Corr
0.99	FGVMX	Fidelity New Markets	Pair Corr
0.99	FGYMX	Fidelity New Markets	Pair Corr
0.98	MEDIX	Mfs Emerging Markets	Pair Corr
0.99	MEDCX	Mfs Emerging Markets	Pair Corr
0.99	MEDAX	Mfs Emerging Markets	Pair Corr
0.99	MEDBX	Mfs Emerging Markets	Pair Corr
0.99	MEDEX	Mfs Emerging Markets	Pair Corr
0.69	GAAKX	Gmo Alternative Allo	Pair Corr
0.69	GAAGX	Gmo Alternative Allo	Pair Corr
0.95	GPBFX	Gmo E Plus	Pair Corr
0.91	GPMFX	Guidepath Managed Futures	Pair Corr
0.96	PQTAX	Pimco Trends Managed	Pair Corr
0.96	PQTNX	Pimco Trends Managed	Pair Corr
0.96	PQTIX	Aa Pimco Tr	Pair Corr
0.93	WARCX	Wells Fargo Advantage	Pair Corr
0.94	FBCGX	Fidelity Blue Chip	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.95	DGVYX	Davis Government Bond	Pair Corr
0.9	FCNYX	Fidelity Advisor Cnsv	Pair Corr
0.96	PLIDX	Pacific Funds E	Pair Corr

Related Correlations Analysis

	BBSXX	RGVAX	CGTCX	RGVJX	MXDQX	WACXX	TWACX	USGFX
BBSXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BBSXX
RGVAX	0.0		1.0	1.0	0.98	0.0	0.98	1.0	RGVAX
CGTCX	0.0	1.0		1.0	0.99	0.0	0.98	1.0	CGTCX
RGVJX	0.0	1.0	1.0		0.99	0.0	0.99	1.0	RGVJX
MXDQX	0.0	0.98	0.99	0.99		0.0	0.96	0.99	MXDQX
WACXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WACXX
TWACX	0.0	0.98	0.98	0.99	0.96	0.0		0.99	TWACX
USGFX	0.0	1.0	1.0	1.0	0.99	0.0	0.99		USGFX
	BBSXX	RGVAX	CGTCX	RGVJX	MXDQX	WACXX	TWACX	USGFX

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

CGTCX	+ 1.0	RGVAX
RGVJX	+ 1.0	RGVAX
USGFX	+ 1.0	RGVAX
RGVJX	+ 1.0	CGTCX
USGFX	+ 1.0	CGTCX
USGFX	+ 1.0	RGVJX

High negative correlations

USGFX	- 0.0	WACXX
TWACX	- 0.0	WACXX
WACXX	- 0.0	MXDQX
WACXX	- 0.0	RGVJX
WACXX	- 0.0	CGTCX
WACXX	- 0.0	RGVAX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Emerging 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 Emerging'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGVAX	0.18	0.04	(0.19)	(1.24)	(0.24)	0.43	(0.25)	1.44
CGTCX	0.18	0.04	(0.19)	(1.67)	(0.23)	0.42	(0.25)	1.44
RGVJX	0.19	0.05	(0.16)	(1.25)	(0.25)	0.50	(0.25)	1.43
MXDQX	0.16	0.05	(0.15)	(1.73)	(0.26)	0.48	(0.24)	1.21
WACXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWACX	0.07	0.01	(0.55)	(0.40)	(0.15)	0.22	(0.11)	0.56
USGFX	0.19	0.05	(0.15)	(1.68)	(0.25)	0.42	(0.25)	1.43

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