Siit Dynamic Correlations

SDLAX Fund

USD 17.66 0.03 0.17%

The current 90-days correlation between Siit Dynamic Asset and Columbia Large Cap is 0.6 (i.e., Poor diversification). The correlation of Siit Dynamic 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 Dynamic Correlation With Market

Modest diversification

The correlation between Siit Dynamic Asset and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Dynamic Asset 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 Dynamic Asset. 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

0.68	SSCGX	Simt Small Cap	Pair Corr
0.8	SSMAX	Siit Small Mid	Pair Corr
0.82	SSPIX	Simt Sp 500	Pair Corr
0.78	STLYX	Simt Tax Managed	Pair Corr
0.86	STMPX	Simt Tax Managed	Pair Corr
0.86	STMSX	Simt Tax Managed	Pair Corr
0.71	STVYX	Simt Tax Managed	Pair Corr
0.97	SCPAX	Siit Large Cap	Pair Corr
0.7	SUSYX	Simt Managed Volatility	Pair Corr
0.74	SDYAX	Simt Dynamic Asset	Pair Corr
0.7	SVOAX	Simt Managed Volatility	Pair Corr
0.74	SDYYX	Simt Dynamic Asset	Pair Corr

Moving against Siit Mutual Fund

0.41	TFCYX	Tax Free Conservative	Pair Corr
0.41	ENIAX	Siit Opportunistic Income	Pair Corr
0.39	TFCAX	Tax Free Conservative	Pair Corr
0.34	SRYRX	Simt Real Return	Pair Corr
0.34	STDAX	Saat Defensive Strategy	Pair Corr
0.44	SUSAX	Siit Ultra Short	Pair Corr
0.43	SDGFX	Sdit Short Duration	Pair Corr
0.41	SECPX	Sdit Ultra Short	Pair Corr
0.41	SECYX	Sdit Ultra Short	Pair Corr
0.35	SEIAX	Siit Multi Asset	Pair Corr
0.33	RRPAX	Siit Real Return	Pair Corr

Related Correlations Analysis

	CLXRX	LCIAX	JDNAX	SPINX	GRMAX
CLXRX		0.76	0.98	0.57	0.99	CLXRX
LCIAX	0.76		0.71	0.97	0.84	LCIAX
JDNAX	0.98	0.71		0.51	0.95	JDNAX
SPINX	0.57	0.97	0.51		0.67	SPINX
GRMAX	0.99	0.84	0.95	0.67		GRMAX
	CLXRX	LCIAX	JDNAX	SPINX	GRMAX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Dynamic 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 Dynamic'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
CLXRX	0.81	(0.04)	(0.12)	1.27	(1.75)	4.52
LCIAX	1.02	(0.22)	(0.33)	1.30	(1.83)	14.88
JDNAX	0.79	(0.04)	(0.11)	1.19	(1.71)	4.14
SPINX	1.15	(0.33)	(0.47)	1.26	(1.77)	22.31
GRMAX	0.83	(0.07)	(0.16)	1.28	(1.77)	4.60

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