Sei Institutional Correlations

LLOBX Fund

10.13 0.05 0.49%

The current 90-days correlation between Sei Institutional Managed and Simt Multi Asset Accumulation is 0.02 (i.e., Significant diversification). The correlation of Sei Institutional 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.

Sei Institutional Correlation With Market

Good diversification

The correlation between Sei Institutional Managed and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sei Institutional Managed 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 Sei Institutional 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 bureau of labor statistics.

Moving together with Sei Mutual Fund

0.76	SRWAX	Saat Market Growth	Pair Corr
0.63	SSCGX	Simt Small Cap	Pair Corr
0.73	SSGAX	Saat Aggressive Strategy	Pair Corr
0.72	SASDX	Saat Aggressive Strategy	Pair Corr
0.7	SSMAX	Siit Small Mid	Pair Corr
0.68	SSPIX	Simt Sp 500	Pair Corr
0.77	SSTDX	Saat Servative Strategy Potential Growth	Pair Corr
0.66	STLYX	Simt Tax Managed	Pair Corr
0.64	STMPX	Simt Tax Managed	Pair Corr
0.64	STMSX	Simt Tax Managed	Pair Corr
0.74	SCMSX	Saat E Market	Pair Corr
0.77	SCLAX	Simt Multi Asset	Pair Corr
0.73	SCPAX	Siit Large Cap	Pair Corr
0.62	SUSYX	Simt Managed Volatility	Pair Corr
0.79	SDLAX	Siit Dynamic Asset	Pair Corr
0.89	SDYAX	Simt Dynamic Asset	Pair Corr
0.61	SVOAX	Simt Managed Volatility	Pair Corr
0.82	SDYYX	Simt Dynamic Asset	Pair Corr
0.87	SVSAX	Saat Servative Strategy	Pair Corr
0.86	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX
SAAAX		0.84	0.89	0.38	0.85	0.68	0.7	0.56	-0.33	-0.31	SAAAX
SRWAX	0.84		0.71	0.78	0.72	0.89	0.9	0.9	-0.11	0.01	SRWAX
SRYRX	0.89	0.71		0.28	0.7	0.61	0.63	0.42	-0.15	-0.18	SRYRX
SSCGX	0.38	0.78	0.28		0.2	0.83	0.83	0.95	0.26	0.45	SSCGX
SSEAX	0.85	0.72	0.7	0.2		0.45	0.48	0.44	-0.56	-0.51	SSEAX
SSGAX	0.68	0.89	0.61	0.83	0.45		1.0	0.84	0.24	0.3	SSGAX
SASDX	0.7	0.9	0.63	0.83	0.48	1.0		0.84	0.21	0.27	SASDX
SSMAX	0.56	0.9	0.42	0.95	0.44	0.84	0.84		0.02	0.22	SSMAX
TFCAX	-0.33	-0.11	-0.15	0.26	-0.56	0.24	0.21	0.02		0.94	TFCAX
TFCYX	-0.31	0.01	-0.18	0.45	-0.51	0.3	0.27	0.22	0.94		TFCYX
	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SASDX	+ 1.0	SSGAX
SSMAX	+ 0.95	SSCGX
TFCYX	+ 0.94	TFCAX
SASDX	+ 0.9	SRWAX
SSMAX	+ 0.9	SRWAX
SRYRX	+ 0.89	SAAAX

High negative correlations

TFCAX	- 0.56	SSEAX
TFCYX	- 0.51	SSEAX
TFCAX	- 0.33	SAAAX
TFCYX	- 0.31	SAAAX
TFCYX	- 0.18	SRYRX
TFCAX	- 0.15	SRYRX

Risk-Adjusted Indicators

There is a big difference between Sei Mutual Fund performing well and Sei Institutional 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 Sei Institutional'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
SAAAX	0.41	(0.12)	(0.91)	0.69	(0.93)	3.83
SRWAX	0.36	(0.08)	(0.54)	0.54	(0.69)	4.65
SRYRX	0.10	(0.02)	(1.28)	0.21	(0.31)	0.83
SSCGX	1.03	(0.04)	(0.03)	1.87	(1.64)	12.53
SSEAX	0.55	(0.16)	(1.29)	0.77	(1.25)	4.73
SSGAX	0.42	(0.04)	(0.20)	0.69	(0.81)	3.47
SASDX	0.41	(0.04)	(0.22)	0.71	(0.82)	3.44
SSMAX	0.82	(0.11)	(0.34)	1.48	(1.25)	13.98
TFCAX	0.02	0.00	0.63	0.00	0.00	0.40
TFCYX	0.01	(0.01)	1.31	0.00	0.00	0.40

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