Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Mid
SSMAX Fund  USD 10.02  0.04  0.40%   
The current 90-days correlation between Siit Small Mid and Americafirst Large Cap is 0.77 (i.e., Poor 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

Significant diversification

The correlation between Siit Small Mid and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small Mid 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 Mid. 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

  0.67SAAAX Simt Multi AssetPairCorr
  0.73SRWAX Saat Market GrowthPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.73SSGAX Saat Aggressive StrategyPairCorr
  0.73SASDX Saat Aggressive StrategyPairCorr
  0.89TFCAX Tax Free ConservativePairCorr
  0.89TFCYX Tax Free ConservativePairCorr
  0.82SSPIX Simt Sp 500PairCorr
  0.75SBDAX Stet California MunicipalPairCorr
  0.72STDAX Saat Defensive StrategyPairCorr
  0.71ENIAX Siit Opportunistic IncomePairCorr
  0.77STLYX Simt Tax ManagedPairCorr
  0.76STMPX Simt Tax ManagedPairCorr
  0.76STMSX Simt Tax ManagedPairCorr
  0.74STVYX Simt Tax ManagedPairCorr
  0.72SCMSX Saat E MarketPairCorr
  0.71SCLAX Simt Multi AssetPairCorr
  0.77SCPAX Siit Large CapPairCorr
  0.75SCYYX Stet California MunicipalPairCorr
  0.74SUMAX Stet Short DurationPairCorr
  0.96SUSYX Simt Managed VolatilityPairCorr
  0.83SUSAX Siit Ultra ShortPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.76SVAYX Simt Large CapPairCorr
  0.76SDYAX Simt Dynamic AssetPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  0.76SDYYX Simt Dynamic AssetPairCorr
  0.68SVSAX Saat Servative StrategyPairCorr
  0.73SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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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.

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