Siit Small Correlations

SSMAX Fund

USD 9.49 0.06 0.63%

The current 90-days correlation between Siit Small Mid and Fundvantage Trust is -0.19 (i.e., Good diversification). The correlation of Siit Small 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 Small Correlation With Market

Very poor diversification

The correlation between Siit Small Mid and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small Mid 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 Small Mid. 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

0.69	VSMAX	Vanguard Small Cap	Pair Corr
0.76	VSCIX	Vanguard Small Cap	Pair Corr
1.0	VSCPX	Vanguard Small Cap	Pair Corr
0.76	NAESX	Vanguard Small Cap	Pair Corr
0.7	FSSNX	Fidelity Small Cap	Pair Corr
0.73	DFSTX	Us Small Cap	Pair Corr
0.68	PASVX	T Rowe Price	Pair Corr
0.69	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.68	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Siit Mutual Fund

0.61	TRLVX	Simt E Fixed	Pair Corr
0.53	SEFCX	Sit International Equity	Pair Corr
0.48	SEITX	Sit International Equity	Pair Corr
0.48	SIEDX	Sit Emerging Markets	Pair Corr
0.41	SEQFX	Sit Emerging Markets	Pair Corr
0.41	SGMAX	Siit Global Managed	Pair Corr
0.38	SEDAX	Siit Emerging Markets	Pair Corr
0.34	SUSAX	Siit Ultra Short	Pair Corr
0.52	IIBAX	Voya Intermediate Bond	Pair Corr
0.45	WCCFX	Wealthbuilder Conservative	Pair Corr
0.42	FLRRX	Franklin Low Duration	Pair Corr
0.41	UGPSX	Ultrachina Profund	Pair Corr
0.41	DURIX	Deutsche European Equity	Pair Corr
0.4	UGPIX	Ultrachina Profund	Pair Corr
0.74	RYUHX	Inverse Sp 500	Pair Corr
0.66	GIGGX	Deutsche Gnma	Pair Corr
0.54	CCLFX	Cliffwater Corporate	Pair Corr
0.51	MSPHX	Massmutual Select Total	Pair Corr
0.47	WATCX	Western Asset Interm	Pair Corr
0.43	HEMZX	Virtus Emerging Markets	Pair Corr

Related Correlations Analysis

	PBBIX	ATPAX	ARTFX	DIHRX	GHVIX	MAHIX	GUCPX	MWHIX
PBBIX		0.95	0.97	0.81	0.96	0.87	0.77	0.92	PBBIX
ATPAX	0.95		0.98	0.81	0.94	0.85	0.79	0.92	ATPAX
ARTFX	0.97	0.98		0.83	0.96	0.88	0.79	0.93	ARTFX
DIHRX	0.81	0.81	0.83		0.89	0.93	0.85	0.88	DIHRX
GHVIX	0.96	0.94	0.96	0.89		0.94	0.8	0.94	GHVIX
MAHIX	0.87	0.85	0.88	0.93	0.94		0.83	0.94	MAHIX
GUCPX	0.77	0.79	0.79	0.85	0.8	0.83		0.88	GUCPX
MWHIX	0.92	0.92	0.93	0.88	0.94	0.94	0.88		MWHIX
	PBBIX	ATPAX	ARTFX	DIHRX	GHVIX	MAHIX	GUCPX	MWHIX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Small 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 Small'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
PBBIX	0.17	(0.02)	0.00	0.30	0.00	0.00	0.50	(0.29)	1.19
ATPAX	0.13	(0.01)	0.30	0.10	0.12	(0.24)	0.37	(0.25)	1.12
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89
DIHRX	0.59	0.11	0.18	0.14	0.66	(0.69)	1.51	(1.19)	3.80
GHVIX	0.16	(0.01)	0.30	0.07	0.18	(0.17)	0.24	(0.35)	1.01
MAHIX	0.11	0.01	0.44	0.06	0.00	(0.14)	0.20	(0.20)	0.81
GUCPX	0.17	0.02	0.51	(0.44)	0.00	(0.21)	0.40	(0.30)	1.09
MWHIX	0.12	0.00	0.35	(0.02)	0.09	(0.21)	0.54	(0.32)	0.87

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