Siit High Correlations

SGYAX Fund  USD 7.11  0.01  0.14%   
The current 90-days correlation between Siit High Yield and Artisan High Income is 0.92 (i.e., Almost no 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

Good diversification

The correlation between Siit High Yield and DJI is -0.14 (i.e., Good 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

  0.63SAAAX Simt Multi AssetPairCorr
  0.65SRWAX Saat Market GrowthPairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.71STAYX Stet Tax AdvantagedPairCorr
  0.73SUSYX Simt Managed VolatilityPairCorr
  0.64SVSAX Saat Servative StrategyPairCorr
  0.87SEDAX Siit Emerging MarketsPairCorr
  0.73SVYAX Siit Managed VolatilityPairCorr
  0.63SEIAX Siit Multi AssetPairCorr
  0.67SEIRX Simt Real EstatePairCorr
  0.83SEIYX Simt High YieldPairCorr
  0.64SETAX Simt Real EstatePairCorr
  0.73SEVIX Simt Managed VolatilityPairCorr
  0.63SWSAX Siit World SelectPairCorr
  0.7AAEZX Enhanced Fixed IncomePairCorr
  0.67SGMIX Simt Global ManagedPairCorr

Related Correlations Analysis

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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.