Stet California Correlations

Mutual Funds . USA . 
Fund . Stet California Municipal
SBDAX Fund  USD 10.07  0.01  0.1%   
The current 90-days correlation between Stet California Municipal and California Municipal Portfolio is -0.11 (i.e., Good diversification). The correlation of Stet California 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.

Stet California Correlation With Market

Good diversification

The correlation between Stet California Municipal and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet California Municipal 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 Stet California Municipal. 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 Stet Mutual Fund

  0.92SAAAX Simt Multi AssetPairCorr
  0.95SRWAX Saat Market GrowthPairCorr
  0.68SRYRX Simt Real ReturnPairCorr
  0.91SSCGX Simt Small CapPairCorr
  0.93SSEAX Siit Screened WorldPairCorr
  0.94SSGAX Saat Aggressive StrategyPairCorr
  0.94SASDX Saat Aggressive StrategyPairCorr
  0.91SSMAX Siit Small MidPairCorr
  0.96TFCAX Tax Free ConservativePairCorr
  0.96TFCYX Tax Free ConservativePairCorr
  0.94SSPIX Simt Sp 500PairCorr
  0.92SSTDX Saat Servative StrategyPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.96ENIAX Siit Opportunistic IncomePairCorr
  0.94STLYX Simt Tax ManagedPairCorr
  0.92STMPX Simt Tax ManagedPairCorr
  0.92STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.61SCFYX Simt E FixedPairCorr
  0.94SCMSX Saat E MarketPairCorr
  0.66SCLAX Simt Multi AssetPairCorr
  0.74SCPAX Siit Large CapPairCorr
  0.76SCYYX Stet California MunicipalPairCorr
  0.7SUMAX Stet Short DurationPairCorr
  0.87SUSYX Simt Managed VolatilityPairCorr
  0.96SUSAX Siit Ultra ShortPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.72SVAYX Simt Large CapPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.86SVOAX Simt Managed VolatilityPairCorr
  0.66SDYYX Simt Dynamic AssetPairCorr
  0.7SVSAX Saat Servative StrategyPairCorr
  0.94SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet California 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 Stet California'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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