Siit Long Correlations

LDRAX Fund

USD 5.93 0.03 0.50%

The current 90-days correlation between Siit Long Duration and Ffcdax is 0.27 (i.e., Modest diversification). The correlation of Siit Long 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 Long Correlation With Market

Average diversification

The correlation between Siit Long Duration and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Long Duration 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 Long Duration. 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

0.8	SSEAX	Siit Screened World	Pair Corr
0.72	TFCAX	Tax Free Conservative	Pair Corr
0.66	TFCYX	Tax Free Conservative	Pair Corr
0.86	SSTDX	Saat Servative Strategy	Pair Corr
0.85	SBDAX	Stet California Municipal	Pair Corr
0.75	STDAX	Saat Defensive Strategy	Pair Corr
0.71	ENIAX	Siit Opportunistic Income	Pair Corr
0.96	SCFYX	Simt E Fixed	Pair Corr
0.66	SCMSX	Saat E Market	Pair Corr
0.95	SCOAX	Siit E Fixed	Pair Corr
0.96	SCXIX	Sei Insti Mgd	Pair Corr
0.82	SUMAX	Stet Short Duration	Pair Corr
0.72	SUSAX	Siit Ultra Short	Pair Corr
0.77	SDGFX	Sdit Short Duration	Pair Corr
0.85	SVSAX	Saat Servative Strategy	Pair Corr
0.9	SEATX	Stet Tax Advantaged	Pair Corr
0.84	SEDIX	Saat Defensive Strategy	Pair Corr
0.74	SECPX	Sdit Ultra Short	Pair Corr
0.82	RRPAX	Siit Real Return	Pair Corr
0.84	SEDAX	Siit Emerging Markets	Pair Corr
0.74	SECYX	Sdit Ultra Short	Pair Corr

Moving against Siit Mutual Fund

0.38	SSMAX	Siit Small Mid	Pair Corr
0.37	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	FFCDAX	RPBAX	WRLDX	FVKVWX	FLAKQX	FZNOPX
FFCDAX		0.4	0.53	0.18	0.68	0.42	FFCDAX
RPBAX	0.4		0.68	0.44	0.6	0.36	RPBAX
WRLDX	0.53	0.68		0.38	0.65	0.27	WRLDX
FVKVWX	0.18	0.44	0.38		0.52	0.7	FVKVWX
FLAKQX	0.68	0.6	0.65	0.52		0.55	FLAKQX
FZNOPX	0.42	0.36	0.27	0.7	0.55		FZNOPX
	FFCDAX	RPBAX	WRLDX	FVKVWX	FLAKQX	FZNOPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Long 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 Long'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FFCDAX	0.12	0.00	0.00	(0.12)	0.00	0.00	0.21	(0.41)	1.14
RPBAX	0.56	(0.05)	0.00	(0.17)	0.00	0.00	0.93	(1.07)	6.85
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
FVKVWX	0.74	0.11	0.12	0.14	1.04	(0.75)	1.50	(1.67)	4.47
FLAKQX	0.83	0.04	0.05	(0.01)	1.12	(0.93)	1.75	(2.40)	4.80
FZNOPX	0.75	0.02	0.00	(0.03)	0.00	0.00	1.55	(1.63)	3.75

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC