Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Cap
SECAX Fund  USD 13.09  0.05  0.38%   
The current 90-days correlation between Siit Small Cap and Small Cap Value is 0.96 (i.e., Almost no diversification). The correlation of Siit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Siit Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small 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 Small 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

  0.7SRWAX Saat Market GrowthPairCorr
  1.0SSCGX Simt Small CapPairCorr
  0.8SSGAX Saat Aggressive StrategyPairCorr
  0.78SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.75TFCAX Tax Free ConservativePairCorr
  0.77TFCYX Tax Free ConservativePairCorr
  0.94SSPIX Simt Sp 500PairCorr
  0.85STDAX Saat Defensive StrategyPairCorr
  0.85ENIAX Siit Opportunistic IncomePairCorr
  0.94STLYX Simt Tax ManagedPairCorr
  1.0STMPX Simt Tax ManagedPairCorr
  1.0STMSX Simt Tax ManagedPairCorr
  0.86STVYX Simt Tax ManagedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.7SUSAX Siit Ultra ShortPairCorr
  0.92SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.92SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.92SDYYX Simt Dynamic AssetPairCorr
  0.79SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.68SCFYX Simt E FixedPairCorr
  0.68CFVAX Catholic Values FixedPairCorr
  0.39SBDAX Stet California MunicipalPairCorr
  0.68SCOAX Siit E FixedPairCorr
  0.68CFVYX Catholic Values FixedPairCorr
  0.68SCXIX Sei Insti MgdPairCorr
  0.38SEDAX Siit Emerging MarketsPairCorr
  0.37SCYYX Stet California MunicipalPairCorr
  0.35SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Small 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 Small'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.

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