Siit Ultra Correlations

SUSAX Fund

USD 9.97 0.01 0.10%

The current 90-days correlation between Siit Ultra Short and Victory Cemp Market is 0.02 (i.e., Significant diversification). The correlation of Siit Ultra 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 Ultra Correlation With Market

Significant diversification

The correlation between Siit Ultra Short and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Ultra Short 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 Ultra Short. 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

0.81	SSEAX	Siit Screened World	Pair Corr
0.99	TFCAX	Tax Free Conservative	Pair Corr
0.95	ENIAX	Siit Opportunistic Income	Pair Corr
0.88	SCOAX	Siit E Fixed	Pair Corr
0.91	SEDIX	Saat Defensive Strategy	Pair Corr
0.96	RRPAX	Siit Real Return	Pair Corr
0.88	SEDAX	Siit Emerging Markets	Pair Corr
0.94	SEIAX	Siit Multi Asset	Pair Corr
0.81	SEIYX	Simt High Yield	Pair Corr
0.83	AAEZX	Enhanced Fixed Income	Pair Corr
0.84	WEUSX	Siit World Equity	Pair Corr
0.85	SGYAX	Siit High Yield	Pair Corr
0.74	SINYX	Stet Intermediate Term	Pair Corr
0.99	COIAX	Conservative Income	Pair Corr
0.99	COIYX	Conservative Income	Pair Corr
0.94	SLFYX	Simt Multi Asset	Pair Corr
0.67	SMAAX	Aig Government Money	Pair Corr
0.91	SMINX	Simt Tax Managed	Pair Corr
0.8	SMSDX	Saat Moderate Strategy	Pair Corr

Moving against Siit Mutual Fund

0.69	SSMAX	Siit Small Mid	Pair Corr
0.69	SECAX	Siit Small Cap	Pair Corr
0.59	STMPX	Simt Tax Managed	Pair Corr
0.54	SSPIX	Simt Sp 500	Pair Corr
0.51	SEHAX	Siit Equity Factor	Pair Corr
0.44	SDLAX	Siit Dynamic Asset	Pair Corr
0.6	SELCX	Simt Large Cap	Pair Corr
0.6	SESVX	Simt Small Cap	Pair Corr
0.35	TMLCX	Simt Tax Managed	Pair Corr
0.55	LCIAX	Siit Large Cap	Pair Corr
0.48	SPINX	Siit Sp 500	Pair Corr

Related Correlations Analysis

	CBHAX	DBELX	PIEFX	EPASX	SEDAX	IGIEX	QMNIX	APDOX
CBHAX		0.81	0.72	0.7	0.77	0.61	0.84	0.68	CBHAX
DBELX	0.81		0.92	0.93	0.95	0.87	0.87	0.8	DBELX
PIEFX	0.72	0.92		0.95	0.87	0.82	0.81	0.76	PIEFX
EPASX	0.7	0.93	0.95		0.83	0.77	0.73	0.65	EPASX
SEDAX	0.77	0.95	0.87	0.83		0.95	0.91	0.91	SEDAX
IGIEX	0.61	0.87	0.82	0.77	0.95		0.82	0.83	IGIEX
QMNIX	0.84	0.87	0.81	0.73	0.91	0.82		0.91	QMNIX
APDOX	0.68	0.8	0.76	0.65	0.91	0.83	0.91		APDOX
	CBHAX	DBELX	PIEFX	EPASX	SEDAX	IGIEX	QMNIX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Ultra 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 Ultra'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
CBHAX	0.19	0.03	0.37	(0.40)	0.00	(0.25)	0.36	(0.36)	1.20
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
EPASX	0.54	0.02	0.10	0.02	0.67	(0.57)	1.02	(1.17)	3.67
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19
IGIEX	0.25	0.01	0.16	0.02	0.30	(0.32)	0.72	(0.49)	1.58
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07

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