Siit Dynamic Correlations

SDLAX Fund

USD 19.43 0.17 0.88%

The current 90-days correlation between Siit Dynamic Asset and Value Line Mid is 0.31 (i.e., Weak diversification). The correlation of Siit Dynamic 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 Dynamic Correlation With Market

Very weak diversification

The correlation between Siit Dynamic Asset and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Dynamic Asset 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 Dynamic Asset. 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

0.93	SSEAX	Siit Screened World	Pair Corr
0.91	SSGAX	Saat Aggressive Strategy	Pair Corr
0.76	SASDX	Saat Aggressive Strategy	Pair Corr
0.86	SSPIX	Simt Sp 500	Pair Corr
0.66	STVYX	Simt Tax Managed	Pair Corr
0.62	SCLAX	Simt Multi Asset	Pair Corr
0.8	SCPAX	Siit Large Cap	Pair Corr
0.65	SUSYX	Simt Managed Volatility	Pair Corr
0.63	SVAYX	Simt Large Cap	Pair Corr
0.64	SDYAX	Simt Dynamic Asset	Pair Corr
0.65	SVOAX	Simt Managed Volatility	Pair Corr
0.64	SDYYX	Simt Dynamic Asset	Pair Corr
0.93	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	VLIFX	FAMVX	LCIAX	BEQGX	HFCIX	AOMIX	CLCRX	BDFIX	BDFFX	PPIPX
VLIFX		0.56	0.17	0.09	0.33	0.27	-0.18	0.67	0.67	0.14	VLIFX
FAMVX	0.56		0.11	0.09	-0.49	0.39	0.29	0.73	0.73	0.13	FAMVX
LCIAX	0.17	0.11		0.75	0.12	0.72	0.36	0.22	0.22	0.84	LCIAX
BEQGX	0.09	0.09	0.75		0.05	0.61	0.52	0.17	0.17	0.86	BEQGX
HFCIX	0.33	-0.49	0.12	0.05		-0.11	-0.54	-0.06	-0.05	0.08	HFCIX
AOMIX	0.27	0.39	0.72	0.61	-0.11		0.58	0.49	0.48	0.67	AOMIX
CLCRX	-0.18	0.29	0.36	0.52	-0.54	0.58		0.24	0.23	0.43	CLCRX
BDFIX	0.67	0.73	0.22	0.17	-0.06	0.49	0.24		1.0	0.23	BDFIX
BDFFX	0.67	0.73	0.22	0.17	-0.05	0.48	0.23	1.0		0.23	BDFFX
PPIPX	0.14	0.13	0.84	0.86	0.08	0.67	0.43	0.23	0.23		PPIPX
	VLIFX	FAMVX	LCIAX	BEQGX	HFCIX	AOMIX	CLCRX	BDFIX	BDFFX	PPIPX

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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

BDFFX	+ 1.0	BDFIX
PPIPX	+ 0.86	BEQGX
PPIPX	+ 0.84	LCIAX
BEQGX	+ 0.75	LCIAX
BDFIX	+ 0.73	FAMVX
BDFFX	+ 0.73	FAMVX

High negative correlations

CLCRX	- 0.54	HFCIX
HFCIX	- 0.49	FAMVX
CLCRX	- 0.18	VLIFX
AOMIX	- 0.11	HFCIX
BDFIX	- 0.06	HFCIX
BDFFX	- 0.05	HFCIX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Dynamic 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 Dynamic'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
VLIFX	0.62	(0.08)	0.00	(0.04)	0.00	0.00	1.09	(1.28)	3.31
FAMVX	0.63	(0.06)	0.00	(0.01)	0.00	0.00	0.97	(1.29)	3.57
LCIAX	0.80	(0.20)	0.00	(0.17)	0.00	0.00	1.19	(1.57)	13.42
BEQGX	0.81	(0.14)	0.00	(0.06)	0.00	0.00	1.35	(1.64)	11.94
HFCIX	2.08	(0.40)	0.00	(0.19)	0.00	0.00	3.27	(3.97)	36.40
AOMIX	0.44	(0.10)	0.00	(0.14)	0.00	0.00	0.77	(0.78)	1.96
CLCRX	0.57	0.00	0.00	0.06	0.79	(0.56)	1.20	(1.26)	3.50
BDFIX	0.84	(0.07)	(0.05)	(0.01)	1.19	(0.77)	1.88	(1.71)	4.91
BDFFX	0.84	(0.07)	(0.05)	(0.01)	1.20	(0.77)	1.85	(1.71)	4.93
PPIPX	0.33	(0.08)	0.00	(0.12)	0.00	0.00	0.52	(0.52)	6.08

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