Siit High Correlations

SGYAX Fund

USD 7.18 0.01 0.14%

The current 90-days correlation between Siit High Yield and Delaware Limited Term Diversified is 0.78 (i.e., Poor diversification). The correlation of Siit High 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 High Correlation With Market

Average diversification

The correlation between Siit High Yield and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit High Yield 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 High Yield. 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

0.71	SAAAX	Simt Multi Asset	Pair Corr
0.91	SRYRX	Simt Real Return	Pair Corr
0.71	SSEAX	Siit Screened World	Pair Corr
0.67	SSGAX	Saat Aggressive Strategy	Pair Corr
0.64	SASDX	Saat Aggressive Strategy	Pair Corr
0.89	TFCAX	Tax Free Conservative	Pair Corr
0.89	TFCYX	Tax Free Conservative	Pair Corr
0.71	SSTDX	Saat Servative Strategy	Pair Corr
0.92	STDAX	Saat Defensive Strategy	Pair Corr
0.9	ENIAX	Siit Opportunistic Income	Pair Corr
0.71	SCMSX	Saat E Market	Pair Corr
0.95	SUMAX	Stet Short Duration	Pair Corr
0.94	SUSAX	Siit Ultra Short	Pair Corr
0.95	SDGFX	Sdit Short Duration	Pair Corr
0.76	SVSAX	Saat Servative Strategy	Pair Corr
0.66	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Siit Mutual Fund

0.42	STMPX	Simt Tax Managed	Pair Corr
0.42	STMSX	Simt Tax Managed	Pair Corr
0.39	STVYX	Simt Tax Managed	Pair Corr
0.37	SSCGX	Simt Small Cap	Pair Corr
0.37	SSMAX	Siit Small Mid	Pair Corr
0.4	SDLAX	Siit Dynamic Asset	Pair Corr
0.37	SECAX	Siit Small Cap	Pair Corr
0.34	SCPAX	Siit Large Cap	Pair Corr
0.33	SUSYX	Simt Managed Volatility	Pair Corr
0.33	SVOAX	Simt Managed Volatility	Pair Corr

Related Correlations Analysis

	DLTZX	HIIDX	QDARX	PQCNX	LIGFX	VYRPX	BICPX
DLTZX		0.57	0.81	0.4	0.61	0.64	0.59	DLTZX
HIIDX	0.57		0.31	0.81	0.94	0.91	0.96	HIIDX
QDARX	0.81	0.31		-0.06	0.34	0.31	0.26	QDARX
PQCNX	0.4	0.81	-0.06		0.8	0.79	0.89	PQCNX
LIGFX	0.61	0.94	0.34	0.8		0.88	0.97	LIGFX
VYRPX	0.64	0.91	0.31	0.79	0.88		0.92	VYRPX
BICPX	0.59	0.96	0.26	0.89	0.97	0.92		BICPX
	DLTZX	HIIDX	QDARX	PQCNX	LIGFX	VYRPX	BICPX

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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

BICPX	+ 0.97	LIGFX
BICPX	+ 0.96	HIIDX
LIGFX	+ 0.94	HIIDX
BICPX	+ 0.92	VYRPX
VYRPX	+ 0.91	HIIDX
BICPX	+ 0.89	PQCNX

High negative correlations

PQCNX

- 0.06

QDARX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit High 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 High'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
DLTZX	0.08	0.01	0.04	1.13	0.00	(0.19)	0.26	(0.13)	0.64
HIIDX	0.52	0.04	0.05	0.10	0.65	(0.55)	1.14	(0.95)	3.01
QDARX	0.09	0.01	0.05	(2.33)	0.00	(0.13)	0.25	(0.16)	0.49
PQCNX	0.24	0.01	0.02	0.17	0.23	(0.33)	0.59	(0.47)	1.65
LIGFX	0.28	0.02	0.03	0.07	0.36	(0.29)	0.55	(0.43)	1.91
VYRPX	0.19	0.01	0.02	(0.33)	0.19	(0.27)	0.48	(0.29)	1.74
BICPX	0.23	0.02	0.03	0.09	0.23	(0.30)	0.54	(0.45)	1.80

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