Stet Short Correlations

SUMAX Fund

USD 9.98 0.01 0.10%

The current 90-days correlation between Stet Short Duration and Goldman Sachs Clean is 0.4 (i.e., Very weak diversification). The correlation of Stet Short 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.

Stet Short Correlation With Market

Significant diversification

The correlation between Stet Short Duration and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Short 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 Stet Short 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 Stet Mutual Fund

0.96	SRYRX	Simt Real Return	Pair Corr
0.83	SSEAX	Siit Screened World	Pair Corr
0.92	TFCAX	Tax Free Conservative	Pair Corr
0.89	TFCYX	Tax Free Conservative	Pair Corr
0.89	SSTDX	Saat Servative Strategy	Pair Corr
0.73	SBDAX	Stet California Municipal	Pair Corr
0.8	STAYX	Stet Tax Advantaged	Pair Corr
0.88	STDAX	Saat Defensive Strategy	Pair Corr
0.87	ENIAX	Siit Opportunistic Income	Pair Corr
0.87	SCFYX	Simt E Fixed	Pair Corr
0.65	SCMSX	Saat E Market	Pair Corr
0.86	CFVAX	Catholic Values Fixed	Pair Corr
0.86	SCOAX	Siit E Fixed	Pair Corr
0.87	CFVYX	Catholic Values Fixed	Pair Corr
0.86	SCXIX	Sei Insti Mgd	Pair Corr
0.76	SCYYX	Stet California Municipal	Pair Corr
0.92	SUSAX	Siit Ultra Short	Pair Corr
0.94	SDGFX	Sdit Short Duration	Pair Corr
0.89	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Stet Mutual Fund

0.54	SSCGX	Simt Small Cap	Pair Corr
0.43	SSMAX	Siit Small Mid	Pair Corr
0.43	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	GCEBX	VGSBX	GICUX	IIGCX	FEGOX	EKWDX	GLDAX	EPGIX
GCEBX		0.67	0.34	-0.01	0.02	-0.03	0.01	0.1	GCEBX
VGSBX	0.67		0.77	0.5	0.55	0.48	0.54	0.55	VGSBX
GICUX	0.34	0.77		0.86	0.89	0.86	0.88	0.88	GICUX
IIGCX	-0.01	0.5	0.86		0.96	1.0	0.96	0.98	IIGCX
FEGOX	0.02	0.55	0.89	0.96		0.96	0.99	0.95	FEGOX
EKWDX	-0.03	0.48	0.86	1.0	0.96		0.96	0.98	EKWDX
GLDAX	0.01	0.54	0.88	0.96	0.99	0.96		0.95	GLDAX
EPGIX	0.1	0.55	0.88	0.98	0.95	0.98	0.95		EPGIX
	GCEBX	VGSBX	GICUX	IIGCX	FEGOX	EKWDX	GLDAX	EPGIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EKWDX	+ 1.0	IIGCX
GLDAX	+ 0.99	FEGOX
EPGIX	+ 0.98	IIGCX
EPGIX	+ 0.98	EKWDX
FEGOX	+ 0.96	IIGCX
GLDAX	+ 0.96	IIGCX

High negative correlations

EKWDX	- 0.03	GCEBX
IIGCX	- 0.01	GCEBX

Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet Short 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 Stet Short'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
GCEBX	0.76	(0.01)	0.00	(0.14)	0.00	0.00	1.48	(2.40)	4.21
VGSBX	0.20	(0.03)	0.00	0.32	0.00	0.00	0.43	(0.43)	0.98
GICUX	0.66	0.12	0.19	0.11	0.78	(0.74)	1.63	(1.71)	4.48
IIGCX	1.36	0.31	0.21	0.58	1.49	(1.47)	3.26	(2.90)	7.27
FEGOX	1.23	0.22	0.20	(4.69)	1.38	(1.30)	2.83	(2.65)	6.86
EKWDX	1.38	0.31	0.21	0.64	1.56	(1.50)	3.36	(3.16)	7.40
GLDAX	1.20	0.19	0.18	(8.03)	1.40	(1.22)	2.83	(2.52)	7.13
EPGIX	1.39	0.25	0.17	0.54	1.55	(1.49)	3.24	(2.97)	7.74

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