Siit Intermediate Correlations

SIDCX Fund  USD 8.82  0.01  0.11%   
The current 90-days correlation between Siit Intermediate and Pgim Esg High is 0.11 (i.e., Average diversification). The correlation of Siit Intermediate 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 Intermediate Correlation With Market

Average diversification

The correlation between Siit Intermediate Duration 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 Intermediate Duration 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 Intermediate Duration. 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 main economic indicators.

Moving together with Siit Mutual Fund

  0.91SRYRX Simt Real ReturnPairCorr
  0.87SSEAX Siit Screened WorldPairCorr
  0.83TFCAX Tax Free ConservativePairCorr
  0.78TFCYX Tax Free ConservativePairCorr
  0.91SSTDX Saat Servative StrategyPairCorr
  0.84SBDAX Stet California MunicipalPairCorr
  0.92STAYX Stet Tax AdvantagedPairCorr
  0.86STDAX Saat Defensive StrategyPairCorr
  0.84ENIAX Siit Opportunistic IncomePairCorr
  0.99SCFYX Simt E FixedPairCorr
  0.7SCMSX Saat E MarketPairCorr
  0.95CFVAX Catholic Values FixedPairCorr
  0.95SCOAX Siit E FixedPairCorr
  0.99CFVYX Catholic Values FixedPairCorr
  0.99SCXIX Sei Insti MgdPairCorr
  0.86SCYYX Stet California MunicipalPairCorr
  0.88SUMAX Stet Short DurationPairCorr
  0.85SUSAX Siit Ultra ShortPairCorr
  0.89SDGFX Sdit Short DurationPairCorr
  0.92SVSAX Saat Servative StrategyPairCorr

Moving against Siit Mutual Fund

  0.63SSCGX Simt Small CapPairCorr
  0.52SSMAX Siit Small MidPairCorr
  0.42STMPX Simt Tax ManagedPairCorr
  0.42STMSX Simt Tax ManagedPairCorr
  0.34SSPIX Simt Sp 500PairCorr
  0.51SECAX Siit Small CapPairCorr
  0.34SDYAX Simt Dynamic AssetPairCorr
  0.34SDYYX Simt Dynamic AssetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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