Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Cap
SECAX Fund  USD 11.78  0.41  3.61%   
The current 90-days correlation between Siit Small Cap and Massmutual Premier Short Duration is 0.06 (i.e., Significant diversification). The correlation of Siit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Siit Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small Cap 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 Small Cap. 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

  0.92SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.86SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.85TFCAX Tax Free ConservativePairCorr
  0.85TFCYX Tax Free ConservativePairCorr
  0.95SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.91ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.79SCFYX Simt E FixedPairCorr
  0.96SCMSX Saat E MarketPairCorr
  0.92SCLAX Simt Multi AssetPairCorr
  0.77CFVAX Catholic Values FixedPairCorr
  0.79SCOAX Siit E FixedPairCorr
  0.79SCXIX Sei Insti MgdPairCorr
  0.87SCYYX Stet California MunicipalPairCorr
  0.88SUSYX Simt Managed VolatilityPairCorr
  0.83SUSAX Siit Ultra ShortPairCorr
  0.83SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.95SDYAX Simt Dynamic AssetPairCorr
  0.88SVOAX Simt Managed VolatilityPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr
  0.92SEDIX Saat Defensive StrategyPairCorr
  0.93SEDAX Siit Emerging MarketsPairCorr
  0.9SVYAX Siit Managed VolatilityPairCorr
  0.91SEFCX Sit International EquityPairCorr
  0.97SEHAX Siit Equity FactorPairCorr
  0.91SEITX Sit International EquityPairCorr
  0.9SEIYX Simt High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Small 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 Small'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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