Siit Intermediate Correlations

Mutual Funds . USA . 
Fund . Siit Intermediate Duration
SIDCX Fund  USD 8.91  0.02  0.22%   
The current 90-days correlation between Siit Intermediate and Putnam Global Financials is 0.55 (i.e., Very weak 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

Good diversification

The correlation between Siit Intermediate Duration and DJI is -0.18 (i.e., Good 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

  0.69SAAAX Simt Multi AssetPairCorr
  0.76SRWAX Saat Market GrowthPairCorr
  0.71SSEAX Siit Screened WorldPairCorr
  0.61SSGAX Saat Aggressive StrategyPairCorr
  0.61SASDX Saat Aggressive StrategyPairCorr
  0.81SSTDX Saat Servative StrategyPairCorr
  0.93SBDAX Stet California MunicipalPairCorr
  0.96STAYX Stet Tax AdvantagedPairCorr
  0.62STLYX Simt Tax ManagedPairCorr
  0.99SCFYX Simt E FixedPairCorr
  0.76SCMSX Saat E MarketPairCorr
  0.75SCLAX Simt Multi AssetPairCorr
  0.93CFVAX Catholic Values FixedPairCorr
  0.93SCOAX Siit E FixedPairCorr
  0.94CFVYX Catholic Values FixedPairCorr
  0.93SCXIX Sei Insti MgdPairCorr
  0.91SCYYX Stet California MunicipalPairCorr
  0.64SUSYX Simt Managed VolatilityPairCorr
  0.67SVAYX Simt Large CapPairCorr
  0.62SVOAX Simt Managed VolatilityPairCorr
  0.78SVSAX Saat Servative StrategyPairCorr
  0.69SEAIX Saat Aggressive StrategyPairCorr

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.

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