Siit Large Correlations

SLCAX Fund

USD 15.33 0.16 1.05%

The current 90-days correlation between Siit Large Cap and Simt Mid Cap is 0.05 (i.e., Significant diversification). The correlation of Siit Large 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 Large Correlation With Market

Good diversification

The correlation between Siit Large Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap 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 Large Cap. 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

0.87	SRWAX	Saat Market Growth	Pair Corr
0.81	SSCGX	Simt Small Cap	Pair Corr
0.76	SSGAX	Saat Aggressive Strategy	Pair Corr
0.76	SASDX	Saat Aggressive Strategy	Pair Corr
0.89	SSMAX	Siit Small Mid	Pair Corr
0.87	SSPIX	Simt Sp 500	Pair Corr
0.74	SSTDX	Saat Servative Strategy Potential Growth	Pair Corr
0.7	STAYX	Stet Tax Advantaged	Pair Corr
0.86	STLYX	Simt Tax Managed	Pair Corr
0.86	STMPX	Simt Tax Managed	Pair Corr
0.86	STMSX	Simt Tax Managed	Pair Corr
0.79	STVYX	Simt Tax Managed	Pair Corr
0.75	SCMSX	Saat E Market	Pair Corr
0.79	SCLAX	Simt Multi Asset	Pair Corr
0.91	SCPAX	Siit Large Cap	Pair Corr
0.62	SUMAX	Stet Short Duration	Pair Corr
0.84	SUSYX	Simt Managed Volatility	Pair Corr
0.97	SDLAX	Siit Dynamic Asset	Pair Corr
0.83	SVAYX	Simt Large Cap	Pair Corr
0.94	SDYAX	Simt Dynamic Asset	Pair Corr
0.83	SVOAX	Simt Managed Volatility	Pair Corr
0.94	SDYYX	Simt Dynamic Asset	Pair Corr
0.73	SVSAX	Saat Servative Strategy	Pair Corr
0.82	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	SIPIX	SISAX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX
SIPIX		0.94	0.44	0.79	0.53	0.87	0.39	0.96	0.41	SIPIX
SISAX	0.94		0.63	0.75	0.72	0.98	0.57	0.87	0.62	SISAX
SITEX	0.44	0.63		0.31	0.95	0.76	0.84	0.27	0.89	SITEX
SIYYX	0.79	0.75	0.31		0.38	0.7	0.38	0.86	0.2	SIYYX
SAAAX	0.53	0.72	0.95	0.38		0.84	0.89	0.38	0.85	SAAAX
SRWAX	0.87	0.98	0.76	0.7	0.84		0.71	0.78	0.72	SRWAX
SRYRX	0.39	0.57	0.84	0.38	0.89	0.71		0.28	0.7	SRYRX
SSCGX	0.96	0.87	0.27	0.86	0.38	0.78	0.28		0.2	SSCGX
SSEAX	0.41	0.62	0.89	0.2	0.85	0.72	0.7	0.2		SSEAX
	SIPIX	SISAX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Large 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 Large'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
SIPIX	0.71	(0.10)	0.00	(0.12)	0.00	0.00	1.34	(1.01)	11.24
SISAX	0.51	(0.09)	0.00	(0.50)	0.00	0.00	0.80	(0.92)	7.41
SITEX	0.26	(0.10)	0.00	(1.40)	0.00	0.00	0.34	(0.57)	3.47
SIYYX	0.10	(0.01)	(0.09)	(1.32)	0.13	(0.24)	0.19	(0.19)	0.93
SAAAX	0.41	(0.12)	0.00	(0.91)	0.00	0.00	0.69	(0.93)	3.83
SRWAX	0.36	(0.08)	0.00	(0.54)	0.00	0.00	0.54	(0.69)	4.65
SRYRX	0.10	(0.02)	0.00	(1.28)	0.00	0.00	0.21	(0.31)	0.83
SSCGX	1.03	(0.04)	0.00	(0.03)	0.00	0.00	1.87	(1.64)	12.53
SSEAX	0.55	(0.16)	0.00	(1.29)	0.00	0.00	0.77	(1.25)	4.73

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Siit Large Correlations

Siit Large Correlation With Market

Good diversification

Moving together with Siit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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