Sdit Short Correlations

Mutual Funds . USA . 
Fund . Sdit Short Duration
SDGFX Fund  USD 10.16  0.02  0.20%   
The current 90-days correlation between Sdit Short Duration and Lebenthal Lisanti Small is -0.32 (i.e., Very good diversification). The correlation of Sdit 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.

Sdit Short Correlation With Market

Very good diversification

The correlation between Sdit Short Duration and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sdit 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 Sdit 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 census.

Moving together with Sdit Mutual Fund

  0.72SAAAX Simt Multi AssetPairCorr
  0.7SRWAX Saat Market GrowthPairCorr
  0.78SRYRX Simt Real ReturnPairCorr
  0.63SSCGX Simt Small CapPairCorr
  0.69SSEAX Siit Screened WorldPairCorr
  0.69SSGAX Saat Aggressive StrategyPairCorr
  0.68SASDX Saat Aggressive StrategyPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.81TFCYX Tax Free ConservativePairCorr
  0.67SSPIX Simt Sp 500PairCorr
  0.75SSTDX Saat Servative StrategyPairCorr
  0.68SBDAX Stet California MunicipalPairCorr
  0.79STDAX Saat Defensive StrategyPairCorr
  0.8ENIAX Siit Opportunistic IncomePairCorr
  0.65STLYX Simt Tax ManagedPairCorr
  0.71SCFYX Simt E FixedPairCorr
  0.72SCMSX Saat E MarketPairCorr
  0.8SCLAX Simt Multi AssetPairCorr
  0.66CFVAX Catholic Values FixedPairCorr
  0.72SCOAX Siit E FixedPairCorr
  0.67CFVYX Catholic Values FixedPairCorr
  0.67SCPAX Siit Large CapPairCorr
  0.7SCXIX Sei Insti MgdPairCorr
  0.69SCYYX Stet California MunicipalPairCorr
  0.8SUMAX Stet Short DurationPairCorr
  0.89SUSAX Siit Ultra ShortPairCorr
  0.67SDLAX Siit Dynamic AssetPairCorr
  0.64SVAYX Simt Large CapPairCorr
  0.66SDYAX Simt Dynamic AssetPairCorr
  0.66SDYYX Simt Dynamic AssetPairCorr
  0.76SVSAX Saat Servative StrategyPairCorr
  0.69SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sdit Mutual Fund performing well and Sdit 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 Sdit 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.

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