Siit Emerging Correlations

SEDAX Fund

USD 8.59 0.01 0.12%

The current 90-days correlation between Siit Emerging Markets and Davis Financial Fund is 0.34 (i.e., Weak diversification). The correlation of Siit Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Siit Emerging Markets and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Emerging Markets 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 Emerging Markets. 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

0.64	SRWAX	Saat Market Growth	Pair Corr
0.66	SRYRX	Simt Real Return	Pair Corr
0.78	SSEAX	Siit Screened World	Pair Corr
0.88	TFCAX	Tax Free Conservative	Pair Corr
0.66	TFCYX	Tax Free Conservative	Pair Corr
0.82	SSTDX	Saat Servative Strategy	Pair Corr
0.7	SBDAX	Stet California Municipal	Pair Corr
0.79	STAYX	Stet Tax Advantaged	Pair Corr
0.75	STDAX	Saat Defensive Strategy	Pair Corr
0.71	ENIAX	Siit Opportunistic Income	Pair Corr
0.77	STVYX	Simt Tax Managed	Pair Corr
0.66	SCFYX	Simt E Fixed	Pair Corr
0.68	SCMSX	Saat E Market	Pair Corr
0.72	SCLAX	Simt Multi Asset	Pair Corr
0.63	CFVAX	Catholic Values Fixed	Pair Corr
0.66	SCOAX	Siit E Fixed	Pair Corr
0.71	CFVYX	Catholic Values Fixed	Pair Corr
0.65	SCXIX	Sei Insti Mgd	Pair Corr
0.75	SCYYX	Stet California Municipal	Pair Corr
0.72	SUMAX	Stet Short Duration	Pair Corr
0.65	SUSYX	Simt Managed Volatility	Pair Corr
0.88	SUSAX	Siit Ultra Short	Pair Corr
0.64	SDGFX	Sdit Short Duration	Pair Corr
0.65	SVOAX	Simt Managed Volatility	Pair Corr
0.77	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Siit Mutual Fund

0.46	STMSX	Simt Tax Managed	Pair Corr
0.39	SSCGX	Simt Small Cap	Pair Corr
0.31	STMPX	Simt Tax Managed	Pair Corr
0.49	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	DVFYX	HUCXX	SBFAX	JRSXX	GCFSX	FIDAX	XFINX
DVFYX		0.0	0.94	0.0	0.78	0.6	0.59	DVFYX
HUCXX	0.0		0.0	0.0	0.0	0.0	0.0	HUCXX
SBFAX	0.94	0.0		0.0	0.62	0.76	0.69	SBFAX
JRSXX	0.0	0.0	0.0		0.0	0.0	0.0	JRSXX
GCFSX	0.78	0.0	0.62	0.0		0.25	0.45	GCFSX
FIDAX	0.6	0.0	0.76	0.0	0.25		0.57	FIDAX
XFINX	0.59	0.0	0.69	0.0	0.45	0.57		XFINX
	DVFYX	HUCXX	SBFAX	JRSXX	GCFSX	FIDAX	XFINX

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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

SBFAX	+ 0.94	DVFYX
GCFSX	+ 0.78	DVFYX
FIDAX	+ 0.76	SBFAX
XFINX	+ 0.69	SBFAX
GCFSX	+ 0.62	SBFAX
FIDAX	+ 0.6	DVFYX

High negative correlations

XFINX	- 0.0	JRSXX
FIDAX	- 0.0	JRSXX
GCFSX	- 0.0	JRSXX
JRSXX	- 0.0	SBFAX
XFINX	- 0.0	HUCXX
FIDAX	- 0.0	HUCXX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Emerging 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 Emerging'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
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFAX	0.79	0.01	0.00	(0.02)	0.00	0.00	1.69	(1.92)	5.22
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.75	0.04	0.07	(0.41)	1.04	(0.76)	1.80	(2.41)	4.68
FIDAX	1.01	(0.12)	0.00	(0.15)	0.00	0.00	2.02	(3.26)	7.13
XFINX	0.14	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.64)	1.27

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