Correlation Between Siit Us and Fs Multi-strategy
Can any of the company-specific risk be diversified away by investing in both Siit Us and Fs Multi-strategy at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Siit Us and Fs Multi-strategy into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Siit Equity Factor and Fs Multi Strategy Alt, you can compare the effects of market volatilities on Siit Us and Fs Multi-strategy and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Siit Us with a short position of Fs Multi-strategy. Check out your portfolio center. Please also check ongoing floating volatility patterns of Siit Us and Fs Multi-strategy.
Diversification Opportunities for Siit Us and Fs Multi-strategy
0.92 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Siit and FSMSX is 0.92. Overlapping area represents the amount of risk that can be diversified away by holding Siit Equity Factor and Fs Multi Strategy Alt in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fs Multi Strategy and Siit Us is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Siit Equity Factor are associated (or correlated) with Fs Multi-strategy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fs Multi Strategy has no effect on the direction of Siit Us i.e., Siit Us and Fs Multi-strategy go up and down completely randomly.
Pair Corralation between Siit Us and Fs Multi-strategy
Assuming the 90 days horizon Siit Equity Factor is expected to generate 4.1 times more return on investment than Fs Multi-strategy. However, Siit Us is 4.1 times more volatile than Fs Multi Strategy Alt. It trades about 0.21 of its potential returns per unit of risk. Fs Multi Strategy Alt is currently generating about 0.29 per unit of risk. If you would invest 1,471 in Siit Equity Factor on June 2, 2025 and sell it today you would earn a total of 127.00 from holding Siit Equity Factor or generate 8.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Siit Equity Factor vs. Fs Multi Strategy Alt
Performance |
| Timeline |
| Siit Equity Factor |
| Fs Multi Strategy |
Siit Us and Fs Multi-strategy Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Siit Us and Fs Multi-strategy
The main advantage of trading using opposite Siit Us and Fs Multi-strategy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Siit Us position performs unexpectedly, Fs Multi-strategy can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fs Multi-strategy will offset losses from the drop in Fs Multi-strategy's long position.| Siit Us vs. Forum Real Estate | Siit Us vs. Tiaa Cref Real Estate | Siit Us vs. Prudential Real Estate | Siit Us vs. Cohen Steers Real |
| Fs Multi-strategy vs. Fs Multi Strategy Alt | Fs Multi-strategy vs. American Mutual Fund | Fs Multi-strategy vs. Blackrock Lifepath Esg | Fs Multi-strategy vs. Vanguard 500 Index |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Other Complementary Tools
| Transaction History View history of all your transactions and understand their impact on performance | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |