Siit Global Correlations

Mutual Funds . USA . 
Fund . Siit Global Managed
SGMAX Fund  USD 12.30  0.01  0.08%   
The current 90-days correlation between Siit Global Managed and Mainstay Vertible Fund is 0.82 (i.e., Very poor diversification). The correlation of Siit Global 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 Global Correlation With Market

Good diversification

The correlation between Siit Global Managed and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Global Managed 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 Global Managed. 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

  0.9SAAAX Simt Multi AssetPairCorr
  0.94SRWAX Saat Market GrowthPairCorr
  0.92SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.93SSGAX Saat Aggressive StrategyPairCorr
  0.93SASDX Saat Aggressive StrategyPairCorr
  0.9SSMAX Siit Small MidPairCorr
  0.87TFCAX Tax Free ConservativePairCorr
  0.87TFCYX Tax Free ConservativePairCorr
  0.9SSPIX Simt Sp 500PairCorr
  0.94SSTDX Saat Servative StrategyPairCorr
  0.83SBDAX Stet California MunicipalPairCorr
  0.72STAYX Stet Tax AdvantagedPairCorr
  0.89STDAX Saat Defensive StrategyPairCorr
  0.9ENIAX Siit Opportunistic IncomePairCorr
  0.91STLYX Simt Tax ManagedPairCorr
  0.9STMPX Simt Tax ManagedPairCorr
  0.9STMSX Simt Tax ManagedPairCorr
  0.9STVYX Simt Tax ManagedPairCorr
  0.94SCMSX Saat E MarketPairCorr
  0.94SCLAX Simt Multi AssetPairCorr
  0.91SCPAX Siit Large CapPairCorr
  0.83SCYYX Stet California MunicipalPairCorr
  0.9SUMAX Stet Short DurationPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.86SUSAX Siit Ultra ShortPairCorr
  0.69SDGFX Sdit Short DurationPairCorr
  0.91SDLAX Siit Dynamic AssetPairCorr
  0.91SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.93SVOAX Simt Managed VolatilityPairCorr
  0.91SDYYX Simt Dynamic AssetPairCorr
  0.94SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX 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 Global 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 Global'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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