Siit Equity Correlations

Mutual Funds . USA . 
Fund . Siit Equity Factor
SEHAX Fund  USD 15.39  0.06  0.39%   
The current 90-days correlation between Siit Equity Factor and Blackrock Science Technology is 0.05 (i.e., Significant diversification). The correlation of Siit Equity 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 Equity Correlation With Market

Good diversification

The correlation between Siit Equity Factor and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Equity Factor 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 Equity Factor. 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

  0.94TFCAX Tax Free ConservativePairCorr
  0.94TFCYX Tax Free ConservativePairCorr
  0.61SBDAX Stet California MunicipalPairCorr
  0.65SCMSX Saat E MarketPairCorr
  0.9SUSAX Siit Ultra ShortPairCorr
  0.67SVOAX Simt Managed VolatilityPairCorr
  0.63SEAIX Saat Aggressive StrategyPairCorr
  0.68SVTAX Simt Global ManagedPairCorr
  0.93SEDIX Saat Defensive StrategyPairCorr
  0.99SECAX Siit Small CapPairCorr
  0.95SEDAX Siit Emerging MarketsPairCorr
  0.72SEEIX Sei Instit InternationalPairCorr
  0.77SEIRX Simt Real EstatePairCorr
  0.63SEITX Sit International EquityPairCorr
  0.97SEIYX Simt High YieldPairCorr
  0.94AAEZX Enhanced Fixed IncomePairCorr
  0.99SXMAX Saat Moderate StrategyPairCorr
  0.96SGMAX Siit Global ManagedPairCorr
  0.95SGYAX Siit High YieldPairCorr
  1.0SISAX Saat Tax ManagedPairCorr
  0.94SITEX Sit Emerging MarketsPairCorr
  0.69SKTAX Saat E MarketPairCorr
  0.96SMAAX Aig Government MoneyPairCorr
  0.67SMYFX Simt Small CapPairCorr
  0.98LCIAX Siit Large CapPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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