Siit Screened Correlations

Mutual Funds . USA . 
Fund . Siit Screened World
SSEAX Fund  USD 11.77  0.07  0.59%   
The correlation of Siit Screened 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 Screened Correlation With Market

Very weak diversification

The correlation between Siit Screened World and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Screened World 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 Screened World. 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

  0.71SAAAX Simt Multi AssetPairCorr
  0.75SRWAX Saat Market GrowthPairCorr
  0.87SRYRX Simt Real ReturnPairCorr
  0.7SSGAX Saat Aggressive StrategyPairCorr
  0.67SASDX Saat Aggressive StrategyPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.78TFCYX Tax Free ConservativePairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.71SBDAX Stet California MunicipalPairCorr
  0.8STAYX Stet Tax AdvantagedPairCorr
  0.9STDAX Saat Defensive StrategyPairCorr
  0.86ENIAX Siit Opportunistic IncomePairCorr
  0.84SCFYX Simt E FixedPairCorr
  0.87SCMSX Saat E MarketPairCorr
  0.64SCLAX Simt Multi AssetPairCorr
  0.84CFVAX Catholic Values FixedPairCorr
  0.84SCOAX Siit E FixedPairCorr
  0.84CFVYX Catholic Values FixedPairCorr
  0.83SCXIX Sei Insti MgdPairCorr
  0.74SCYYX Stet California MunicipalPairCorr
  0.86SUMAX Stet Short DurationPairCorr
  0.81SUSAX Siit Ultra ShortPairCorr
  0.81SDGFX Sdit Short DurationPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.69SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.48SSCGX Simt Small CapPairCorr
  0.37SSMAX Siit Small MidPairCorr
  0.36SECAX Siit Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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