Siit Global Correlations

Mutual Funds . USA . 
Fund . Siit Global Managed
SGMAX Fund  USD 12.61  0.07  0.56%   
The current 90-days correlation between Siit Global Managed and Virtus Convertible is 0.59 (i.e., Very weak diversification). The correlation of Siit Global 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 Global Correlation With Market

Very poor diversification

The correlation between Siit Global Managed and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Global Managed 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 Global Managed. 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
  0.87SRWAX Saat Market GrowthPairCorr
  0.89SRYRX Simt Real ReturnPairCorr
  0.65SSCGX Simt Small CapPairCorr
  0.82SSEAX Siit Screened WorldPairCorr
  0.8SSGAX Saat Aggressive StrategyPairCorr
  0.79SASDX Saat Aggressive StrategyPairCorr
  0.75SSMAX Siit Small MidPairCorr
  0.79TFCAX Tax Free ConservativePairCorr
  0.84TFCYX Tax Free ConservativePairCorr
  0.68SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.84SBDAX Stet California MunicipalPairCorr
  0.87STAYX Stet Tax AdvantagedPairCorr
  0.95STDAX Saat Defensive StrategyPairCorr
  0.93ENIAX Siit Opportunistic IncomePairCorr
  0.83STLYX Simt Tax ManagedPairCorr
  0.64STMPX Simt Tax ManagedPairCorr
  0.63STMSX Simt Tax ManagedPairCorr
  0.98STVYX Simt Tax ManagedPairCorr
  0.84SCFYX Simt E FixedPairCorr
  0.91SCMSX Saat E MarketPairCorr
  0.92SCLAX Simt Multi AssetPairCorr
  0.83CFVAX Catholic Values FixedPairCorr
  0.83CFVYX Catholic Values FixedPairCorr
  0.83SCXIX Sei Insti MgdPairCorr
  0.85SUMAX Stet Short DurationPairCorr
  0.99SUSYX Simt Managed VolatilityPairCorr
  0.86SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.9SVAYX Simt Large CapPairCorr
  0.99SVOAX Simt Managed VolatilityPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.79SEAIX Saat Aggressive StrategyPairCorr
  0.86SEATX Stet Tax AdvantagedPairCorr
  0.64SECAX Siit Small CapPairCorr
  0.86SECPX Sdit Ultra ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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