Siit Core Correlations

SCOAX Fund

USD 8.83 0.03 0.34%

The current 90-days correlation between Siit E Fixed and Touchstone Small Cap is 0.01 (i.e., Significant diversification). The correlation of Siit Core 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 Core Correlation With Market

Good diversification

The correlation between Siit E Fixed and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed 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 E Fixed. 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

0.85	SRYRX	Simt Real Return	Pair Corr
0.81	SSEAX	Siit Screened World	Pair Corr
0.8	TFCAX	Tax Free Conservative	Pair Corr
0.73	TFCYX	Tax Free Conservative	Pair Corr
0.88	SSTDX	Saat Servative Strategy	Pair Corr
0.83	SBDAX	Stet California Municipal	Pair Corr
0.9	STAYX	Stet Tax Advantaged	Pair Corr
0.77	STDAX	Saat Defensive Strategy	Pair Corr
0.74	ENIAX	Siit Opportunistic Income	Pair Corr
0.96	SCFYX	Simt E Fixed	Pair Corr
1.0	CFVAX	Catholic Values Fixed	Pair Corr
1.0	CFVYX	Catholic Values Fixed	Pair Corr
0.96	SCXIX	Sei Insti Mgd	Pair Corr
0.85	SCYYX	Stet California Municipal	Pair Corr
0.91	SUMAX	Stet Short Duration	Pair Corr
0.78	SUSAX	Siit Ultra Short	Pair Corr
0.83	SDGFX	Sdit Short Duration	Pair Corr
0.88	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Siit Mutual Fund

0.56	SSCGX	Simt Small Cap	Pair Corr
0.43	SSMAX	Siit Small Mid	Pair Corr
0.41	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	MXCAX	QLMGTX	PAGLX	TFAGX	CIPMX	MSSGX	GFAFX
MXCAX		0.71	0.74	0.61	0.86	0.76	0.76	MXCAX
QLMGTX	0.71		0.97	0.92	0.73	0.93	0.8	QLMGTX
PAGLX	0.74	0.97		0.9	0.74	0.88	0.78	PAGLX
TFAGX	0.61	0.92	0.9		0.62	0.82	0.83	TFAGX
CIPMX	0.86	0.73	0.74	0.62		0.76	0.88	CIPMX
MSSGX	0.76	0.93	0.88	0.82	0.76		0.79	MSSGX
GFAFX	0.76	0.8	0.78	0.83	0.88	0.79		GFAFX
	MXCAX	QLMGTX	PAGLX	TFAGX	CIPMX	MSSGX	GFAFX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Core 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 Core'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
MXCAX	0.86	(0.07)	(0.17)	1.67	(2.37)	5.78
QLMGTX	1.16	(0.06)	(0.13)	1.69	(3.12)	5.95
PAGLX	0.75	(0.03)	(0.11)	1.11	(1.62)	4.65
TFAGX	0.99	(0.14)	0.64	1.61	(2.74)	5.37
CIPMX	0.91	(0.19)	(0.31)	1.33	(1.89)	10.60
MSSGX	1.75	(0.09)	(0.14)	3.70	(3.91)	10.50
GFAFX	1.13	(0.28)	0.55	1.56	(2.35)	12.57

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