Siit Large Correlations

Mutual Funds . USA . 
Fund . Siit Large Cap
SCPAX Fund  USD 12.22  0.12  0.99%   
The current 90-days correlation between Siit Large Cap and American Funds Retirement is -0.07 (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 0.9 (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

  0.95SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.86SRYRX Simt Real ReturnPairCorr
  0.96SSCGX Simt Small CapPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.79SSMAX Siit Small MidPairCorr
  0.87TFCAX Tax Free ConservativePairCorr
  0.86TFCYX Tax Free ConservativePairCorr
  0.99SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.92SBDAX Stet California MunicipalPairCorr
  0.88STAYX Stet Tax AdvantagedPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.95ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  0.86STMPX Simt Tax ManagedPairCorr
  0.85STMSX Simt Tax ManagedPairCorr
  0.87STVYX Simt Tax ManagedPairCorr
  0.88SCFYX Simt E FixedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.96SCLAX Simt Multi AssetPairCorr
  0.86CFVAX Catholic Values FixedPairCorr
  0.87SCOAX Siit E FixedPairCorr
  0.88CFVYX Catholic Values FixedPairCorr
  0.89SCXIX Sei Insti MgdPairCorr
  0.93SCYYX Stet California MunicipalPairCorr
  0.86SUMAX Stet Short DurationPairCorr
  0.75SUSYX Simt Managed VolatilityPairCorr
  0.88SUSAX Siit Ultra ShortPairCorr
  0.86SDGFX Sdit Short DurationPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.93SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.77SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


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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