Siit Large Correlations

LCIAX Fund

USD 187.44 2.13 1.12%

The current 90-days correlation between Siit Large Cap and Siit Dynamic Asset is 0.98 (i.e., Almost no diversification). The correlation of Siit Large 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 Large Correlation With Market

Very good diversification

The correlation between Siit Large Cap and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Siit Large Cap. 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

0.78	SSCGX	Simt Small Cap	Pair Corr
0.85	SSMAX	Siit Small Mid	Pair Corr
0.84	SSPIX	Simt Sp 500	Pair Corr
0.8	STLYX	Simt Tax Managed	Pair Corr
0.84	STMPX	Simt Tax Managed	Pair Corr
0.93	STMSX	Simt Tax Managed	Pair Corr
0.66	STVYX	Simt Tax Managed	Pair Corr
0.9	SCPAX	Siit Large Cap	Pair Corr
0.66	SUSYX	Simt Managed Volatility	Pair Corr
0.97	SDLAX	Siit Dynamic Asset	Pair Corr
0.61	SVAYX	Simt Large Cap	Pair Corr
0.79	SDYAX	Simt Dynamic Asset	Pair Corr
0.66	SVOAX	Simt Managed Volatility	Pair Corr
0.79	SDYYX	Simt Dynamic Asset	Pair Corr

Moving against Siit Mutual Fund

0.52	ENIAX	Siit Opportunistic Income	Pair Corr
0.51	TFCYX	Tax Free Conservative	Pair Corr
0.49	TFCAX	Tax Free Conservative	Pair Corr
0.44	SRYRX	Simt Real Return	Pair Corr
0.44	STDAX	Saat Defensive Strategy	Pair Corr
0.57	SUSAX	Siit Ultra Short	Pair Corr
0.56	SDGFX	Sdit Short Duration	Pair Corr
0.54	SECPX	Sdit Ultra Short	Pair Corr
0.54	SECYX	Sdit Ultra Short	Pair Corr
0.43	RRPAX	Siit Real Return	Pair Corr
0.32	SUMAX	Stet Short Duration	Pair Corr

Related Correlations Analysis

	SDLAX	CLXRX	JDNAX	GRISX	GRMAX
SDLAX		0.41	0.37	0.62	0.57	SDLAX
CLXRX	0.41		0.89	0.9	0.98	CLXRX
JDNAX	0.37	0.89		0.93	0.86	JDNAX
GRISX	0.62	0.9	0.93		0.93	GRISX
GRMAX	0.57	0.98	0.86	0.93		GRMAX
	SDLAX	CLXRX	JDNAX	GRISX	GRMAX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SDLAX	1.23	(0.49)	0.58	1.16	(1.89)	26.55
CLXRX	0.81	(0.04)	(0.12)	1.27	(1.75)	4.52
JDNAX	0.77	(0.10)	0.40	1.18	(1.71)	4.14
GRISX	0.83	(0.15)	0.64	1.24	(1.79)	4.60
GRMAX	0.84	(0.07)	(0.17)	1.28	(1.77)	4.60

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