Siit Core Correlations

SCOAX Fund

USD 8.77 0.05 0.57%

The current 90-days correlation between Siit E Fixed and Ishares Aggregate Bond is 0.19 (i.e., Average diversification). The correlation of Siit Core 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 Core Correlation With Market

Good diversification

The correlation between Siit E Fixed and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit E Fixed 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 E Fixed. 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

0.68	SCFYX	Simt E Fixed	Pair Corr
0.62	SUSAX	Siit Ultra Short	Pair Corr
0.74	RRPAX	Siit Real Return	Pair Corr
1.0	TRLVX	Simt E Fixed	Pair Corr
0.86	VBTLX	Vanguard Total Bond	Pair Corr
0.83	VBMFX	Vanguard Total Bond	Pair Corr
0.85	VBTIX	Vanguard Total Bond	Pair Corr
0.83	VTBSX	Vanguard Total Bond	Pair Corr
0.84	VTBIX	Vanguard Total Bond	Pair Corr
0.84	VTBNX	Vanguard Total Bond	Pair Corr
0.83	FBOFX	American Funds	Pair Corr
0.83	FFBOX	American Funds	Pair Corr
0.85	BFAFX	Bond Fund	Pair Corr
0.85	ABNDX	Bond Fund	Pair Corr

Moving against Siit Mutual Fund

0.53	SDLAX	Siit Dynamic Asset	Pair Corr
0.5	SECAX	Siit Small Cap	Pair Corr
0.5	SEHAX	Siit Equity Factor	Pair Corr
0.45	SAAAX	Simt Multi Asset	Pair Corr
0.41	SISAX	Saat Tax Managed	Pair Corr
0.37	SUSYX	Simt Managed Volatility	Pair Corr
0.37	SVOAX	Simt Managed Volatility	Pair Corr
0.37	SEVIX	Simt Managed Volatility	Pair Corr
0.36	SRWAX	Saat Market Growth	Pair Corr
0.57	SPINX	Siit Sp 500	Pair Corr
0.56	SLGFX	Simt Large Cap	Pair Corr
0.5	LCIAX	Siit Large Cap	Pair Corr

Related Correlations Analysis

	BMOPX	CSBCX	SUBFX	MSTBX	PCYBX	MBSAX	PRVBX
BMOPX		0.93	0.63	0.71	0.98	0.62	0.73	BMOPX
CSBCX	0.93		0.5	0.6	0.97	0.72	0.81	CSBCX
SUBFX	0.63	0.5		0.97	0.58	0.18	0.5	SUBFX
MSTBX	0.71	0.6	0.97		0.67	0.29	0.59	MSTBX
PCYBX	0.98	0.97	0.58	0.67		0.65	0.77	PCYBX
MBSAX	0.62	0.72	0.18	0.29	0.65		0.84	MBSAX
PRVBX	0.73	0.81	0.5	0.59	0.77	0.84		PRVBX
	BMOPX	CSBCX	SUBFX	MSTBX	PCYBX	MBSAX	PRVBX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Core 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 Core'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
BMOPX	0.30	0.01	0.33	(1.27)	0.37	(0.29)	0.56	(0.56)	1.88
CSBCX	0.27	(0.01)	0.34	0.49	0.33	(0.29)	0.49	(0.42)	1.80
SUBFX	0.24	0.03	0.47	7.34	0.21	(0.28)	0.65	(0.48)	1.58
MSTBX	0.12	0.01	0.74	(0.68)	0.00	(0.17)	0.21	(0.21)	0.82
PCYBX	0.31	0.01	0.30	(0.32)	0.36	(0.35)	0.61	(0.49)	2.05
MBSAX	0.25	0.02	0.30	0.05	0.35	(0.26)	0.45	(0.74)	2.02
PRVBX	0.10	0.00	0.75	(0.71)	0.13	(0.10)	0.20	(0.20)	0.85

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