Siit Screened Correlations

Mutual Funds USA . 
Fund . Siit Screened World
SSEAX Fund  USD 13.49  0.01  0.07%   
The current 90-days correlation between Siit Screened World and Delaware Minnesota High Yield is 0.17 (i.e., Average diversification). The correlation of Siit Screened 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.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Siit Mutual Fund

  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.97VTMGX Vanguard DevelopedPairCorr
  0.97VDVIX Vanguard DevelopedPairCorr
  0.97VTMNX Vanguard DevelopedPairCorr
  0.97VDIPX Vanguard DevelopedPairCorr
  0.95FSPSX Fidelity InternationalPairCorr
  0.67ASG Liberty All StarPairCorr
  0.82CII Blackrock EnhancedPairCorr
  0.9ETV Eaton Vance TaxPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.87CRF Cornerstone StrategicPairCorr
  0.69ETY Eaton Vance TaxPairCorr
  0.9NFJ Virtus Dividend InterestPairCorr
  0.95FAUTX American Funds 2040PairCorr
  0.91POSKX Primecap Odyssey StockPairCorr
  0.86CSFAX Cohen Steers GlobalPairCorr
  0.81DOXIX Dodge Cox IncomePairCorr
  0.9PVFAX Paradigm ValuePairCorr
  0.88RYATX Nasdaq 100 FundPairCorr
  0.62MMM 3M Company Earnings Call This WeekPairCorr
  0.77AXP American ExpressPairCorr
  0.73INTC IntelPairCorr
  0.82BAC Bank of AmericaPairCorr
  0.84DD Dupont De NemoursPairCorr
  0.68JNJ Johnson JohnsonPairCorr

Moving against Siit Mutual Fund

  0.39USA Liberty All StarPairCorr
  0.35IFN India ClosedPairCorr
  0.63KO Coca Cola Earnings Call This WeekPairCorr
  0.57BA BoeingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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