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.
Siit |
Moving together with Siit Mutual Fund
0.74 | SRWAX | Saat Market Growth | PairCorr |
0.92 | SSCGX | Simt Small Cap | PairCorr |
0.96 | SSMAX | Siit Small Mid | PairCorr |
0.96 | SSPIX | Simt Sp 500 | PairCorr |
0.96 | STLYX | Simt Tax Managed | PairCorr |
0.91 | STMPX | Simt Tax Managed | PairCorr |
0.92 | STMSX | Simt Tax Managed | PairCorr |
0.79 | STVYX | Simt Tax Managed | PairCorr |
0.8 | SCLAX | Simt Multi Asset | PairCorr |
0.96 | SCPAX | Siit Large Cap | PairCorr |
0.82 | SUSYX | Simt Managed Volatility | PairCorr |
0.91 | SDLAX | Siit Dynamic Asset | PairCorr |
0.88 | SVAYX | Simt Large Cap | PairCorr |
0.97 | SDYAX | Simt Dynamic Asset | PairCorr |
0.82 | SVOAX | Simt Managed Volatility | PairCorr |
0.97 | SDYYX | Simt Dynamic Asset | PairCorr |
Moving against Siit Mutual Fund
0.47 | ENIAX | Siit Opportunistic Income | PairCorr |
0.44 | TFCYX | Tax Free Conservative | PairCorr |
0.42 | TFCAX | Tax Free Conservative | PairCorr |
0.38 | STDAX | Saat Defensive Strategy | PairCorr |
0.33 | SRYRX | Simt Real Return | PairCorr |
0.5 | SUSAX | Siit Ultra Short | PairCorr |
0.49 | SDGFX | Sdit Short Duration | PairCorr |
0.49 | SECPX | Sdit Ultra Short | PairCorr |
0.49 | SECYX | Sdit Ultra Short | PairCorr |
0.33 | SEIAX | Siit Multi Asset | PairCorr |
0.32 | RRPAX | Siit Real Return | PairCorr |
Related Correlations Analysis
0.6 | 0.77 | 0.62 | 0.68 | 0.82 | 0.7 | ARTNX | ||
0.6 | 0.82 | 0.99 | 0.86 | 0.79 | 0.79 | SCXIX | ||
0.77 | 0.82 | 0.82 | 0.69 | 0.94 | 0.93 | MFIRX | ||
0.62 | 0.99 | 0.82 | 0.86 | 0.8 | 0.8 | HCIIX | ||
0.68 | 0.86 | 0.69 | 0.86 | 0.75 | 0.71 | SPRDX | ||
0.82 | 0.79 | 0.94 | 0.8 | 0.75 | 0.97 | PIEQX | ||
0.7 | 0.79 | 0.93 | 0.8 | 0.71 | 0.97 | RRIGX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ARTNX | 0.59 | (0.05) | 0.00 | 0.28 | 0.00 | 1.19 | 3.96 | |||
SCXIX | 0.25 | 0.00 | 0.41 | (0.10) | 0.27 | 0.64 | 1.51 | |||
MFIRX | 0.11 | 0.01 | 0.56 | (0.35) | 0.00 | 0.19 | 0.77 | |||
HCIIX | 0.23 | 0.00 | 0.46 | (0.12) | 0.24 | 0.48 | 1.31 | |||
SPRDX | 0.67 | (0.02) | 0.12 | 0.03 | 1.16 | 1.35 | 5.00 | |||
PIEQX | 0.64 | 0.13 | 0.21 | 0.09 | 0.82 | 1.16 | 4.73 | |||
RRIGX | 0.63 | 0.21 | 0.30 | 0.24 | 0.71 | 1.19 | 5.59 |