Siit E Correlations

Mutual Funds . USA . 
Fund . Siit E Fixed
SCOAX Fund  USD 8.76  0.03  0.34%   
The current 90-days correlation between Siit E Fixed and Pax High Yield is 0.01 (i.e., Significant diversification). The correlation of Siit E 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 E Correlation With Market

Modest diversification

The correlation between Siit E Fixed and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed 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 E Fixed. 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

  0.8SAAAX Simt Multi AssetPairCorr
  0.65SRWAX Saat Market GrowthPairCorr
  0.86SRYRX Simt Real ReturnPairCorr
  0.61SSEAX Siit Screened WorldPairCorr
  0.63SSGAX Saat Aggressive StrategyPairCorr
  0.62SASDX Saat Aggressive StrategyPairCorr
  0.62TFCAX Tax Free ConservativePairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.62SSPIX Simt Sp 500PairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.74SBDAX Stet California MunicipalPairCorr
  0.69STDAX Saat Defensive StrategyPairCorr
  0.71ENIAX Siit Opportunistic IncomePairCorr
  0.61STLYX Simt Tax ManagedPairCorr
  0.61STVYX Simt Tax ManagedPairCorr
  1.0SCFYX Simt E FixedPairCorr
  0.68SCMSX Saat E MarketPairCorr
  0.75SCLAX Simt Multi AssetPairCorr
  0.99CFVAX Catholic Values FixedPairCorr
  0.99CFVYX Catholic Values FixedPairCorr
  0.62SCPAX Siit Large CapPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.74SCYYX Stet California MunicipalPairCorr
  0.67SUMAX Stet Short DurationPairCorr
  0.73SUSAX Siit Ultra ShortPairCorr
  0.83SDGFX Sdit Short DurationPairCorr
  0.61SDYAX Simt Dynamic AssetPairCorr
  0.68SVSAX Saat Servative StrategyPairCorr
  0.63SEAIX 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 E 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 E'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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