Siit Large Correlations

SCPAX Fund

USD 10.53 0.03 0.29%

The current 90-days correlation between Siit Large Cap and Delaware Investments Ultrashort is -0.02 (i.e., Good diversification). The correlation of Siit Large 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 Large Correlation With Market

Almost no diversification

The correlation between Siit Large Cap and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap 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 Large Cap. 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

0.95	SECAX	Siit Small Cap	Pair Corr
0.85	SEIRX	Simt Real Estate	Pair Corr
0.77	SEIYX	Simt High Yield	Pair Corr
0.82	SXMAX	Saat Moderate Strategy	Pair Corr
0.66	SGMAX	Siit Global Managed	Pair Corr
0.86	SGYAX	Siit High Yield	Pair Corr
0.91	LCIAX	Siit Large Cap	Pair Corr
0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.98	VIIIX	Vanguard Institutional	Pair Corr
0.86	FTYPX	Fidelity Freedom Index	Pair Corr
0.96	FFBTX	Fidelity Freedom Blend	Pair Corr
0.89	GCAVX	Gmo Small Cap	Pair Corr
0.91	GQLOX	Gmo Quality Fund	Pair Corr
0.74	GHVIX	Gmo High Yield	Pair Corr
0.91	GMCQX	Gmo Equity Allocation	Pair Corr
0.77	PIEFX	Pnc Emerging Markets	Pair Corr
0.64	SGLYX	Simt Global Managed	Pair Corr

Moving against Siit Mutual Fund

0.55	COIYX	Conservative Income	Pair Corr
0.53	COIAX	Conservative Income	Pair Corr
0.48	GABFX	Gmo Asset Allocation	Pair Corr
0.58	HUBAX	Hartford Ultrashort Bond	Pair Corr
0.56	CUSBX	Columbia Ultra Short	Pair Corr
0.54	SMNAX	Steward Equity Market	Pair Corr
0.52	TRLZX	T Rowe Price	Pair Corr
0.52	CUSOX	Columbia Ultra Short	Pair Corr
0.46	STCCX	Short Term Income	Pair Corr
0.42	PAIQX	Pimco Short Asset	Pair Corr
0.41	PAIPX	Pimco Short Asset	Pair Corr
0.41	MASNX	Litman Gregory Masters	Pair Corr
0.41	PAMSX	Pimco Short Asset	Pair Corr
0.36	USDIX	Ubs Ultra Short	Pair Corr

Related Correlations Analysis

	DULTX	TSDCX	VMSSX	OWSBX	CWFIX	BXDCX
DULTX		0.98	0.72	0.92	0.44	0.88	DULTX
TSDCX	0.98		0.76	0.91	0.5	0.9	TSDCX
VMSSX	0.72	0.76		0.72	0.66	0.92	VMSSX
OWSBX	0.92	0.91	0.72		0.43	0.9	OWSBX
CWFIX	0.44	0.5	0.66	0.43		0.54	CWFIX
BXDCX	0.88	0.9	0.92	0.9	0.54		BXDCX
	DULTX	TSDCX	VMSSX	OWSBX	CWFIX	BXDCX

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Large 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 Large'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
DULTX	0.05	0.01	0.78	(2.97)	0.00	(0.23)	0.10	(0.10)	0.61
TSDCX	0.04	0.00	0.70	1.21	0.00	(0.19)	0.11	(0.11)	0.44
VMSSX	0.12	0.01	0.27	1.10	0.00	(0.30)	0.44	(0.22)	1.33
OWSBX	0.09	0.01	0.53	(2.35)	0.00	(0.13)	0.20	(0.20)	0.59
CWFIX	0.11	0.02	0.38	0.20	0.06	(0.14)	0.21	(0.21)	0.74
BXDCX	0.09	0.01	0.46	(5.92)	0.00	(0.15)	0.22	(0.22)	0.86

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