Siit Large Correlations

Mutual Funds . USA . 
Fund . Siit Large Cap
SCPAX Fund  USD 11.13  0.06  0.54%   
The current 90-days correlation between Siit Large Cap and Qs Large Cap 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

Good diversification

The correlation between Siit Large Cap and DJI is -0.14 (i.e., Good 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

  0.61TFCAX Tax Free ConservativePairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.88SSPIX Simt Sp 500PairCorr
  0.89SBDAX Stet California MunicipalPairCorr
  0.87SCMSX Saat E MarketPairCorr
  0.82SVOAX Simt Managed VolatilityPairCorr
  0.87SEAIX Saat Aggressive StrategyPairCorr
  0.93SVTAX Simt Global ManagedPairCorr
  0.84SEEIX Sei Instit InternationalPairCorr
  1.0SEHAX Siit Equity FactorPairCorr
  0.98SEITX Sit International EquityPairCorr
  1.0SELCX Simt Large CapPairCorr
  0.85SHYAX Simt High YieldPairCorr
  0.85SITEX Sit Emerging MarketsPairCorr
  1.0SKTAX Saat E MarketPairCorr
  0.99SMYFX Simt Small CapPairCorr
  0.66TCSGX Sdit Short DurationPairCorr

Related Correlations Analysis

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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.

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