Siit Equity Correlations

SEHAX Fund  USD 13.96  0.29  2.12%   
The current 90-days correlation between Siit Equity Factor and Artisan Select Equity is 0.08 (i.e., Significant diversification). The correlation of Siit Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between Siit Equity Factor and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Equity Factor 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 Equity Factor. 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

  0.74SRWAX Saat Market GrowthPairCorr
  0.92SSCGX Simt Small CapPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.91STMPX Simt Tax ManagedPairCorr
  0.92STMSX Simt Tax ManagedPairCorr
  0.79STVYX Simt Tax ManagedPairCorr
  0.8SCLAX Simt Multi AssetPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.82SUSYX Simt Managed VolatilityPairCorr
  0.91SDLAX Siit Dynamic AssetPairCorr
  0.88SVAYX Simt Large CapPairCorr
  0.97SDYAX Simt Dynamic AssetPairCorr
  0.82SVOAX Simt Managed VolatilityPairCorr
  0.97SDYYX Simt Dynamic AssetPairCorr

Moving against Siit Mutual Fund

  0.47ENIAX Siit Opportunistic IncomePairCorr
  0.44TFCYX Tax Free ConservativePairCorr
  0.42TFCAX Tax Free ConservativePairCorr
  0.38STDAX Saat Defensive StrategyPairCorr
  0.33SRYRX Simt Real ReturnPairCorr
  0.5SUSAX Siit Ultra ShortPairCorr
  0.49SDGFX Sdit Short DurationPairCorr
  0.49SECPX Sdit Ultra ShortPairCorr
  0.49SECYX Sdit Ultra ShortPairCorr
  0.33SEIAX Siit Multi AssetPairCorr
  0.32RRPAX Siit Real ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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