Siit Long Correlations

Mutual Funds . USA . 
Fund . Siit Long Duration
SLDAX Fund  USD 8.06  0.06  0.75%   
The current 90-days correlation between Siit Long Duration and Artisan Select Equity is -0.01 (i.e., Good diversification). The correlation of Siit Long 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 Long Correlation With Market

Good diversification

The correlation between Siit Long Duration and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Long 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 Long 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 nation.

Moving together with Siit Mutual Fund

  0.73SAAAX Simt Multi AssetPairCorr
  0.67SRYRX Simt Real ReturnPairCorr
  0.62SSTDX Saat Servative StrategyPairCorr
  0.84SBDAX Stet California MunicipalPairCorr
  0.62STAYX Stet Tax AdvantagedPairCorr
  0.99SCFYX Simt E FixedPairCorr
  0.99CFVAX Catholic Values FixedPairCorr
  0.99SCOAX Siit E FixedPairCorr
  0.99CFVYX Catholic Values FixedPairCorr
  0.99SCXIX Sei Insti MgdPairCorr
  0.83SCYYX Stet California MunicipalPairCorr
  0.79SDGFX Sdit Short DurationPairCorr

Moving against Siit Mutual Fund

  0.73STDAX Saat Defensive StrategyPairCorr
  0.72TFCYX Tax Free ConservativePairCorr
  0.71ENIAX Siit Opportunistic IncomePairCorr
  0.69SSPIX Simt Sp 500PairCorr
  0.66TFCAX Tax Free ConservativePairCorr
  0.64STMPX Simt Tax ManagedPairCorr
  0.63SSCGX Simt Small CapPairCorr
  0.63STMSX Simt Tax ManagedPairCorr
  0.59SSMAX Siit Small MidPairCorr
  0.56STLYX Simt Tax ManagedPairCorr
  0.41SSGAX Saat Aggressive StrategyPairCorr
  0.38SASDX Saat Aggressive StrategyPairCorr
  0.76SDYAX Simt Dynamic AssetPairCorr
  0.76SDYYX Simt Dynamic AssetPairCorr
  0.75SDLAX Siit Dynamic AssetPairCorr
  0.72SCPAX Siit Large CapPairCorr
  0.66SVAYX Simt Large CapPairCorr
  0.63SECAX Siit Small CapPairCorr
  0.58SUSYX Simt Managed VolatilityPairCorr
  0.58SVOAX Simt Managed VolatilityPairCorr
  0.54SUSAX Siit Ultra ShortPairCorr
  0.4SEAIX 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 Long 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 Long'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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