Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Cap
SECAX Fund  USD 11.10  0.03  0.27%   
The current 90-days correlation between Siit Small Cap and Blackrock Conservative Prprdptfinstttnl is -0.16 (i.e., Good diversification). The correlation of Siit Small 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 Small Correlation With Market

Very poor diversification

The correlation between Siit Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small 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 Small 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

  0.65SAAAX Simt Multi AssetPairCorr
  0.66SRWAX Saat Market GrowthPairCorr
  0.69SSCGX Simt Small CapPairCorr
  0.66SSEAX Siit Screened WorldPairCorr
  0.73SSGAX Saat Aggressive StrategyPairCorr
  0.73SASDX Saat Aggressive StrategyPairCorr
  0.71SSMAX Siit Small MidPairCorr
  0.94TFCAX Tax Free ConservativePairCorr
  0.94TFCYX Tax Free ConservativePairCorr
  0.65SSPIX Simt Sp 500PairCorr
  0.61STAYX Stet Tax AdvantagedPairCorr
  0.73STLYX Simt Tax ManagedPairCorr
  0.69STMSX Simt Tax ManagedPairCorr
  0.73STVYX Simt Tax ManagedPairCorr
  0.72SCMSX Saat E MarketPairCorr
  0.73SCPAX Siit Large CapPairCorr
  0.69SCYYX Stet California MunicipalPairCorr
  0.7SUSYX Simt Managed VolatilityPairCorr
  0.8SDGFX Sdit Short DurationPairCorr
  0.71SVAYX Simt Large CapPairCorr
  0.71SDYAX Simt Dynamic AssetPairCorr
  0.71SVOAX Simt Managed VolatilityPairCorr
  0.63SDYYX Simt Dynamic AssetPairCorr
  0.66SVSAX Saat Servative StrategyPairCorr
  0.66SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Small 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 Small'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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