Siit High Correlations

Mutual Funds . USA . 
Fund . Siit High Yield
SGYAX Fund  USD 7.05  0.01  0.14%   
The current 90-days correlation between Siit High Yield and Nuveen High Yield is 0.34 (i.e., Weak diversification). The correlation of Siit High 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 High Correlation With Market

Very weak diversification

The correlation between Siit High Yield and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit High Yield 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 High Yield. 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

  0.82SSCGX Simt Small CapPairCorr
  0.86SSGAX Saat Aggressive StrategyPairCorr
  0.69TFCAX Tax Free ConservativePairCorr
  0.85SSPIX Simt Sp 500PairCorr
  0.88STLYX Simt Tax ManagedPairCorr
  0.82STMPX Simt Tax Managed Potential GrowthPairCorr
  0.69STVYX Simt Tax ManagedPairCorr
  0.8SCMSX Saat E MarketPairCorr
  0.71SUMAX Stet Short DurationPairCorr
  0.74SUSYX Simt Managed VolatilityPairCorr
  0.69SUSAX Siit Ultra ShortPairCorr
  0.81SDLAX Siit Dynamic AssetPairCorr
  0.74SVOAX Simt Managed VolatilityPairCorr
  0.87SEAIX Saat Aggressive StrategyPairCorr
  0.88SECAX Siit Small CapPairCorr
  0.81SEFCX Sit International EquityPairCorr
  0.9SEHAX Siit Equity FactorPairCorr
  0.66SEIRX Simt Real EstatePairCorr
  0.96SEIYX Simt High YieldPairCorr
  0.77SEMCX Simt Mid CapPairCorr
  0.76SELCX Simt Large CapPairCorr
  0.84SFDYX Simt Mid CapPairCorr
  0.62AAEZX Enhanced Fixed IncomePairCorr
  0.77SXMAX Saat Moderate StrategyPairCorr
  0.75SGLYX Simt Global ManagedPairCorr
  0.78SGMAX Siit Global ManagedPairCorr
  0.85SGOAX Saat Market GrowthPairCorr
  0.92TMLCX Simt Tax ManagedPairCorr
  0.73TMMAX Simt Tax ManagedPairCorr

Related Correlations Analysis


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

JYHRX
+ 0.96
SCFFX
RTHAX
+ 0.84
NHCCX
SEIYX
+ 0.78
SCFFX
SEIYX
+ 0.75
JYHRX
RTHAX
+ 0.55
SCFFX
RTHAX
+ 0.48
JYHRX
  

High negative correlations

SEIYX
- 0.16
NHCCX

Risk-Adjusted Indicators

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