Sei Daily Correlations

GFAXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Sei Daily Income and Voya Government Money is 1.0 (i.e., No risk reduction). The correlation of Sei Daily 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.

Sei Daily Correlation With Market

Significant diversification

The correlation between Sei Daily Income and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sei Daily Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Sei Daily Income. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Sei Money Market Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.68	IBM	International Business Earnings Call This Week	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.77	BA	Boeing	Pair Corr
0.82	MSFT	Microsoft	Pair Corr

Moving against Sei Money Market Fund

0.52

Coca Cola Earnings Call Tomorrow

Pair Corr

Related Correlations Analysis

	IVMXX	SMAAX	DNCGX	UGSDX	SGVDX	DPIGX	WMBDX
IVMXX		0.77	0.43	0.76	0.19	0.42	0.22	IVMXX
SMAAX	0.77		0.85	0.92	0.58	0.83	0.59	SMAAX
DNCGX	0.43	0.85		0.69	0.89	0.96	0.88	DNCGX
UGSDX	0.76	0.92	0.69		0.46	0.73	0.44	UGSDX
SGVDX	0.19	0.58	0.89	0.46		0.89	0.99	SGVDX
DPIGX	0.42	0.83	0.96	0.73	0.89		0.87	DPIGX
WMBDX	0.22	0.59	0.88	0.44	0.99	0.87		WMBDX
	IVMXX	SMAAX	DNCGX	UGSDX	SGVDX	DPIGX	WMBDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Sei Money Market Fund performing well and Sei Daily Money Market 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 Sei Daily'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
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
SMAAX	0.11	0.03	(0.55)	1.06	0.00	(0.16)	0.21	(0.10)	0.72
DNCGX	0.19	0.01	(0.42)	0.24	0.15	(0.22)	0.32	(0.41)	1.05
UGSDX	0.03	0.00	0.00	0.90	0.00	0.00	0.00	0.00	0.52
SGVDX	0.25	0.00	(0.39)	0.11	0.26	(0.29)	0.52	(0.52)	1.15
DPIGX	0.09	0.00	(0.94)	0.35	0.00	(0.13)	0.11	(0.21)	0.63
WMBDX	0.28	(0.01)	(0.35)	0.05	0.31	(0.31)	0.52	(0.64)	1.29

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