Stet New Correlations

SENYX Fund  USD 10.14  0.01  0.1%   
The current 90-days correlation between Stet New York and Simt Multi Asset Accumulation is 0.52 (i.e., Very weak diversification). The correlation of Stet New 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 New Correlation With Market

Modest diversification

The correlation between Stet New York and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet New York 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 New York. 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
  0.97SRWAX Saat Market GrowthPairCorr
  0.68SRYRX Simt Real ReturnPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.92SSMAX Siit Small MidPairCorr
  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.95SSPIX Simt Sp 500PairCorr
  0.97SSTDX Saat Servative StrategyPairCorr
  1.0SBDAX Stet California MunicipalPairCorr
  0.62STAYX Stet Tax AdvantagedPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.71SCFYX Simt E FixedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.97SCLAX Simt Multi AssetPairCorr
  0.7CFVAX Catholic Values FixedPairCorr
  0.72SCOAX Siit E FixedPairCorr
  0.7CFVYX Catholic Values FixedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.69SCXIX Sei Insti MgdPairCorr
  1.0SCYYX Stet California MunicipalPairCorr
  0.97SUMAX Stet Short DurationPairCorr
  0.9SUSYX Simt Managed VolatilityPairCorr
  0.95SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.95SVAYX Simt Large CapPairCorr
  0.95SDYAX Simt Dynamic AssetPairCorr
  0.9SVOAX Simt Managed VolatilityPairCorr
  0.95SDYYX Simt Dynamic AssetPairCorr
  0.97SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX 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 New 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 New'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAAAX  0.31  0.07 (0.09) 0.44  0.16 
 0.68 
 2.12 
SRWAX  0.33  0.09  0.01  0.34  0.00 
 1.10 
 2.29 
SRYRX  0.11  0.01 (0.55) 2.58  0.00 
 0.21 
 0.82 
SSCGX  0.83  0.04  0.04  0.17  0.80 
 2.18 
 5.22 
SSEAX  0.45  0.13  0.09  0.45  0.16 
 1.05 
 3.44 
SSGAX  0.45  0.11  0.07  0.32  0.18 
 1.40 
 2.98 
SASDX  0.45  0.20  0.07 (1.84) 0.22 
 1.44 
 3.05 
SSMAX  0.76  0.03  0.03  0.16  0.82 
 2.17 
 5.82 
TFCAX  0.03  0.00  0.00  0.25  0.00 
 0.10 
 0.30 
TFCYX  0.03  0.00  0.00  0.31  0.00 
 0.10 
 0.30