Siit Screened Correlations

Mutual Funds . USA . 
Fund . Siit Screened World
SSEAX Fund  USD 12.04  0.01  0.08%   
The current 90-days correlation between Siit Screened World and Mutual Of America is 0.07 (i.e., Significant diversification). The correlation of Siit Screened 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 Screened Correlation With Market

Average diversification

The correlation between Siit Screened World and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Screened World 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 Screened World. 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

  0.81SSGAX Saat Aggressive StrategyPairCorr
  0.62SDLAX Siit Dynamic AssetPairCorr
  0.65SEDAX Siit Emerging MarketsPairCorr
  0.96SEFCX Sit International EquityPairCorr
  0.61SEHAX Siit Equity FactorPairCorr
  0.63SEIRX Simt Real EstatePairCorr
  0.75SEITX Sit International EquityPairCorr
  0.96SEQFX Sit Emerging MarketsPairCorr
  1.0WEUSX Siit World EquityPairCorr
  0.69SXMAX Saat Moderate StrategyPairCorr
  0.92SGLYX Simt Global ManagedPairCorr
  0.68SGMAX Siit Global ManagedPairCorr
  0.72SGOAX Saat Market GrowthPairCorr
  0.61SGYAX Siit High YieldPairCorr
  0.66SISAX Saat Tax ManagedPairCorr
  0.85SITEX Sit Emerging MarketsPairCorr
  0.72SKTAX Saat E MarketPairCorr
  0.86SLIYX Simt Multi AssetPairCorr
  0.68SMGAX Saat Servative StrategyPairCorr
  0.78SMQFX Siit Emerging MarketsPairCorr
  0.8VGTSX Vanguard Total InterPairCorr
  0.79VTIAX Vanguard Total InterPairCorr
  0.79VTSNX Vanguard Total InterPairCorr
  0.79VTPSX Vanguard Total InterPairCorr
  0.79VTISX Vanguard Total InterPairCorr
  0.78VTMGX Vanguard DevelopedPairCorr
  0.95VDVIX Vanguard DevelopedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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