Siit Global Correlations

Mutual Funds . USA . 
Fund . Siit Global Managed
SGMAX Fund  USD 11.70  0.03  0.26%   
The current 90-days correlation between Siit Global Managed and Cmg Ultra Short is 0.02 (i.e., Significant diversification). The correlation of Siit Global 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 Global Correlation With Market

Weak diversification

The correlation between Siit Global Managed and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Global Managed 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 Global Managed. 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

  0.62SAAAX Simt Multi AssetPairCorr
  0.8SRWAX Saat Market GrowthPairCorr
  0.64SRYRX Simt Real ReturnPairCorr
  0.8SSEAX Siit Screened WorldPairCorr
  0.77SSTDX Saat Servative StrategyPairCorr
  0.7SBDAX Stet California MunicipalPairCorr
  0.74STAYX Stet Tax AdvantagedPairCorr
  0.72STVYX Simt Tax ManagedPairCorr
  0.73SCFYX Simt E FixedPairCorr
  0.72SCMSX Saat E MarketPairCorr
  0.86SCLAX Simt Multi AssetPairCorr
  0.74CFVAX Catholic Values FixedPairCorr
  0.73SCOAX Siit E FixedPairCorr
  0.74CFVYX Catholic Values FixedPairCorr
  0.73SCXIX Sei Insti MgdPairCorr
  0.7SCYYX Stet California MunicipalPairCorr
  0.65SUMAX Stet Short DurationPairCorr
  0.77SUSYX Simt Managed VolatilityPairCorr
  0.63SVAYX Simt Large CapPairCorr
  0.77SVOAX Simt Managed VolatilityPairCorr
  0.76SVSAX Saat Servative StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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