Siit Us Correlations

SEHAX Fund  USD 16.35  0.05  0.30%   
The current 90-days correlation between Siit Equity Factor and Pace Municipal Fixed is 0.17 (i.e., Average diversification). The correlation of Siit Us 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 Us Correlation With Market

Good diversification

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

  0.89SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.67SSCGX Simt Small CapPairCorr
  0.92SSEAX Siit Screened WorldPairCorr
  0.97SSGAX Saat Aggressive StrategyPairCorr
  0.84SASDX Saat Aggressive StrategyPairCorr
  0.68TFCAX Tax Free ConservativePairCorr
  0.75TFCYX Tax Free ConservativePairCorr
  0.95SSPIX Simt Sp 500PairCorr
  0.79SSTDX Saat Servative StrategyPairCorr
  0.75SBDAX Stet California MunicipalPairCorr
  0.76STAYX Stet Tax AdvantagedPairCorr
  0.78STDAX Saat Defensive StrategyPairCorr
  0.77ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.77SCFYX Simt E FixedPairCorr
  0.86SCMSX Saat E MarketPairCorr
  0.82SCLAX Simt Multi AssetPairCorr
  0.67CFVAX Catholic Values FixedPairCorr
  0.77SCOAX Siit E FixedPairCorr
  0.68CFVYX Catholic Values FixedPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.67SCXIX Sei Insti MgdPairCorr
  0.76SCYYX Stet California MunicipalPairCorr
  0.7SUSAX Siit Ultra ShortPairCorr
  0.71SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.69SVAYX Simt Large CapPairCorr
  0.8SDYAX Simt Dynamic AssetPairCorr
  0.8SDYYX Simt Dynamic AssetPairCorr
  0.79SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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