Siit Multi-asset Correlations

SEIAX Fund

USD 7.60 0.02 0.26%

The current 90-days correlation between Siit Multi Asset and Allianzgi Technology Fund is -0.1 (i.e., Good diversification). The correlation of Siit Multi-asset 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 Multi-asset Correlation With Market

Good diversification

The correlation between Siit Multi Asset Real and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Multi Asset Real 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 Multi Asset Real. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Siit Mutual Fund

0.78	MRK	Merck Company Aggressive Push	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr

Moving against Siit Mutual Fund

0.66	BA	Boeing	Pair Corr
0.66	T	ATT Inc	Pair Corr
0.52	VZ	Verizon Communications	Pair Corr
0.38	NHS	Neuberger Berman High	Pair Corr
0.37	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	RAGTX	HTECX	PGKCX	MTCCX	VITAX	JGLTX	FIKHX	TEPIX
RAGTX		0.66	0.99	0.93	0.94	0.93	0.59	0.94	RAGTX
HTECX	0.66		0.6	0.69	0.73	0.79	-0.04	0.71	HTECX
PGKCX	0.99	0.6		0.92	0.93	0.91	0.65	0.94	PGKCX
MTCCX	0.93	0.69	0.92		0.98	0.97	0.59	0.97	MTCCX
VITAX	0.94	0.73	0.93	0.98		0.98	0.56	1.0	VITAX
JGLTX	0.93	0.79	0.91	0.97	0.98		0.45	0.97	JGLTX
FIKHX	0.59	-0.04	0.65	0.59	0.56	0.45		0.58	FIKHX
TEPIX	0.94	0.71	0.94	0.97	1.0	0.97	0.58		TEPIX
	RAGTX	HTECX	PGKCX	MTCCX	VITAX	JGLTX	FIKHX	TEPIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TEPIX	+ 1.0	VITAX
PGKCX	+ 0.99	RAGTX
VITAX	+ 0.98	MTCCX
JGLTX	+ 0.98	VITAX
JGLTX	+ 0.97	MTCCX
TEPIX	+ 0.97	MTCCX

High negative correlations

FIKHX

- 0.04

HTECX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Multi-asset 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 Multi-asset'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RAGTX	1.05	0.08	0.04	(1.27)	1.55	(0.98)	2.05	(2.90)	6.27
HTECX	0.97	(0.02)	(0.01)	0.01	1.33	(0.99)	1.86	(2.09)	5.80
PGKCX	0.98	0.08	0.04	(1.04)	1.38	(0.94)	1.83	(2.65)	6.20
MTCCX	0.94	0.09	0.07	0.09	1.25	(0.96)	1.88	(2.58)	5.71
VITAX	0.98	0.07	0.04	0.07	1.51	(0.91)	1.84	(2.72)	5.95
JGLTX	0.89	0.03	0.03	0.05	1.30	(0.86)	2.13	(2.26)	5.45
FIKHX	1.02	0.33	0.20	1.50	1.13	(1.19)	2.47	(2.15)	11.68
TEPIX	1.44	0.10	0.05	0.07	2.21	(1.30)	2.78	(3.82)	8.82

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