Stet California Correlations

Mutual Funds . USA . 
Fund . Stet California Municipal
SCYYX Fund  USD 10.06  0.01  0.1%   
The current 90-days correlation between Stet California Municipal and Oakhurst Short Duration is 0.1 (i.e., Average 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

Modest diversification

The correlation between Stet California Municipal and DJI is 0.28 (i.e., Modest 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 manufacturing.

Moving together with Stet Mutual Fund

  0.96SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.72SRYRX Simt Real ReturnPairCorr
  0.93SSCGX Simt Small CapPairCorr
  0.94SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.92SSMAX Siit Small MidPairCorr
  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.95SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.63STAYX Stet Tax AdvantagedPairCorr
  0.97STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.92STMSX Simt Tax ManagedPairCorr
  0.9STVYX Simt Tax ManagedPairCorr
  0.72SCFYX Simt E FixedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.97SCLAX Simt Multi AssetPairCorr
  0.71CFVAX Catholic Values FixedPairCorr
  0.73SCOAX Siit E FixedPairCorr
  0.71CFVYX Catholic Values FixedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.7SCXIX Sei Insti MgdPairCorr
  0.98SUMAX Stet Short DurationPairCorr
  0.89SUSYX Simt Managed VolatilityPairCorr
  0.96SUSAX Siit Ultra ShortPairCorr
  0.89SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.95SVAYX Simt Large CapPairCorr
  0.95SDYAX Simt Dynamic AssetPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.95SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.95SEAIX 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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