Sei Instit Correlations

SEEIX Fund

USD 12.51 0.10 0.81%

The current 90-days correlation between Sei Instit International and Smallcap Fund Fka is 0.64 (i.e., Poor diversification). The correlation of Sei Instit 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.

Sei Instit Correlation With Market

Very weak diversification

The correlation between Sei Instit International and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sei Instit International 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 Sei Instit International. 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 gross domestic product.

Moving together with Sei Mutual Fund

0.61	SAAAX	Simt Multi Asset	Pair Corr
0.69	SRWAX	Saat Market Growth	Pair Corr
0.95	SRYRX	Simt Real Return	Pair Corr
0.98	SSEAX	Siit Screened World	Pair Corr
0.9	TFCAX	Tax Free Conservative	Pair Corr
0.88	TFCYX	Tax Free Conservative	Pair Corr
0.96	SSTDX	Saat Servative Strategy	Pair Corr
0.67	SBDAX	Stet California Municipal	Pair Corr
0.79	STAYX	Stet Tax Advantaged	Pair Corr
0.96	STDAX	Saat Defensive Strategy	Pair Corr
0.94	ENIAX	Siit Opportunistic Income	Pair Corr
0.87	STVYX	Simt Tax Managed	Pair Corr
0.89	SCFYX	Simt E Fixed	Pair Corr
0.81	SCMSX	Saat E Market	Pair Corr
0.8	SCLAX	Simt Multi Asset	Pair Corr
0.89	CFVAX	Catholic Values Fixed	Pair Corr
0.88	SCOAX	Siit E Fixed	Pair Corr
0.73	CFVYX	Catholic Values Fixed	Pair Corr
0.89	SCXIX	Sei Insti Mgd	Pair Corr
0.67	SCYYX	Stet California Municipal	Pair Corr
0.92	SUMAX	Stet Short Duration	Pair Corr
0.76	SUSYX	Simt Managed Volatility	Pair Corr
0.91	SUSAX	Siit Ultra Short	Pair Corr
0.91	SDGFX	Sdit Short Duration	Pair Corr
0.75	SVOAX	Simt Managed Volatility	Pair Corr
0.97	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Sei Mutual Fund

0.65	SSCGX	Simt Small Cap	Pair Corr
0.56	STMSX	Simt Tax Managed	Pair Corr
0.55	SSMAX	Siit Small Mid	Pair Corr
0.55	STMPX	Simt Tax Managed	Pair Corr
0.36	SSPIX	Simt Sp 500	Pair Corr
0.56	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	PSBMX	LMBMX	CCMSX	TISVX	OWSMX	QLMSTX	HSCVX
PSBMX		0.98	0.0	-0.52	0.76	0.97	0.98	PSBMX
LMBMX	0.98		0.0	-0.57	0.71	0.95	0.97	LMBMX
CCMSX	0.0	0.0		0.0	0.0	0.0	0.0	CCMSX
TISVX	-0.52	-0.57	0.0		0.11	-0.36	-0.47	TISVX
OWSMX	0.76	0.71	0.0	0.11		0.82	0.79	OWSMX
QLMSTX	0.97	0.95	0.0	-0.36	0.82		0.95	QLMSTX
HSCVX	0.98	0.97	0.0	-0.47	0.79	0.95		HSCVX
	PSBMX	LMBMX	CCMSX	TISVX	OWSMX	QLMSTX	HSCVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LMBMX	+ 0.98	PSBMX
HSCVX	+ 0.98	PSBMX
QLMSTX	+ 0.97	PSBMX
HSCVX	+ 0.97	LMBMX
QLMSTX	+ 0.95	LMBMX
HSCVX	+ 0.95	QLMSTX

High negative correlations

TISVX	- 0.57	LMBMX
TISVX	- 0.52	PSBMX
HSCVX	- 0.47	TISVX
QLMSTX	- 0.36	TISVX
HSCVX	- 0.0	CCMSX
QLMSTX	- 0.0	CCMSX

Risk-Adjusted Indicators

There is a big difference between Sei Mutual Fund performing well and Sei Instit 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 Sei Instit'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
PSBMX	1.02	(0.16)	0.00	(0.15)	0.00	0.00	2.03	(2.32)	5.36
LMBMX	1.02	(0.15)	0.00	(0.13)	0.00	0.00	2.03	(2.43)	5.60
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TISVX	0.79	0.10	0.06	0.14	1.23	(0.77)	1.99	(1.65)	9.81
OWSMX	0.68	(0.08)	0.00	(0.11)	0.00	0.00	1.19	(1.37)	3.89
QLMSTX	1.04	(0.12)	0.00	(0.10)	0.00	0.00	1.75	(2.77)	5.65
HSCVX	0.81	(0.10)	0.00	(0.11)	0.00	0.00	1.45	(1.78)	3.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC