Siit Large Correlations

SCPAX Fund

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The current 90-days correlation between Siit Large Cap and Us Government Securities is 0.04 (i.e., Significant 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 poor diversification

The correlation between Siit Large Cap and DJI is 0.81 (i.e., Very poor 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 World Market Map 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

0.89	SSCGX	Simt Small Cap	Pair Corr
0.61	SSGAX	Saat Aggressive Strategy	Pair Corr
0.67	SASDX	Saat Aggressive Strategy	Pair Corr
0.92	SSMAX	Siit Small Mid	Pair Corr
0.91	SSPIX	Simt Sp 500	Pair Corr
0.97	STLYX	Simt Tax Managed	Pair Corr
0.92	STMPX	Simt Tax Managed	Pair Corr
0.82	STMSX	Simt Tax Managed	Pair Corr
0.99	SDLAX	Siit Dynamic Asset	Pair Corr
0.71	SVAYX	Simt Large Cap	Pair Corr
0.99	SDYAX	Simt Dynamic Asset	Pair Corr
0.99	SDYYX	Simt Dynamic Asset	Pair Corr
0.62	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Siit Mutual Fund

0.43	SCFYX	Simt E Fixed	Pair Corr
0.43	SCOAX	Siit E Fixed	Pair Corr
0.42	TFCAX	Tax Free Conservative	Pair Corr
0.41	SRYRX	Simt Real Return	Pair Corr
0.41	CFVAX	Catholic Values Fixed	Pair Corr
0.41	CFVYX	Catholic Values Fixed	Pair Corr
0.52	SDGFX	Sdit Short Duration	Pair Corr
0.44	SCXIX	Sei Insti Mgd	Pair Corr
0.42	SECPX	Sdit Ultra Short	Pair Corr
0.42	SECYX	Sdit Ultra Short	Pair Corr
0.41	SUMAX	Stet Short Duration	Pair Corr
0.33	RRPAX	Siit Real Return	Pair Corr

Related Correlations Analysis

	CGTFX	DNCGX	USGFX	FCSCX	UGSDX	PYUSX	DPIGX
CGTFX		0.97	1.0	0.92	0.72	0.94	0.93	CGTFX
DNCGX	0.97		0.97	0.84	0.6	0.87	0.87	DNCGX
USGFX	1.0	0.97		0.92	0.74	0.94	0.94	USGFX
FCSCX	0.92	0.84	0.92		0.9	0.94	0.97	FCSCX
UGSDX	0.72	0.6	0.74	0.9		0.84	0.86	UGSDX
PYUSX	0.94	0.87	0.94	0.94	0.84		0.98	PYUSX
DPIGX	0.93	0.87	0.94	0.97	0.86	0.98		DPIGX
	CGTFX	DNCGX	USGFX	FCSCX	UGSDX	PYUSX	DPIGX

Click cells to compare fundamentals

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGTFX	0.25	0.02	0.28	0.51	0.24	(0.29)	0.60	(0.43)	1.55
DNCGX	0.21	0.01	0.31	0.26	0.20	(0.23)	0.48	(0.40)	1.22
USGFX	0.25	0.02	0.29	0.72	0.23	(0.31)	0.51	(0.43)	1.55
FCSCX	0.06	0.01	0.58	0.55	0.00	(0.18)	0.13	(0.13)	0.66
UGSDX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.00	0.00	0.52
PYUSX	0.12	0.00	0.47	(0.29)	0.00	(0.17)	0.32	(0.21)	0.74
DPIGX	0.08	0.01	0.67	(1.07)	0.00	(0.14)	0.21	(0.11)	0.53

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