Siit High Correlations

SGYAX Fund

USD 7.09 0.01 0.14%

The current 90-days correlation between Siit High Yield and Siit Global Managed is 0.4 (i.e., Very weak diversification). The correlation of Siit High 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 High Correlation With Market

Very weak diversification

The correlation between Siit High Yield and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit High Yield 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 High Yield. 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

0.77	SRWAX	Saat Market Growth	Pair Corr
0.81	SSEAX	Siit Screened World	Pair Corr
0.8	SSGAX	Saat Aggressive Strategy	Pair Corr
0.8	SASDX	Saat Aggressive Strategy	Pair Corr
0.63	CFVAX	Catholic Values Fixed	Pair Corr
0.63	SCOAX	Siit E Fixed	Pair Corr
0.8	SCPAX	Siit Large Cap	Pair Corr
0.63	SCXIX	Sei Insti Mgd	Pair Corr
0.74	SDYAX	Simt Dynamic Asset	Pair Corr

Related Correlations Analysis

	SGMAX	GMADX	SGICX	ANAGX	DHGAX	CABIX	FSBKX
SGMAX		0.81	0.92	0.43	0.6	0.66	0.7	SGMAX
GMADX	0.81		0.78	0.71	0.81	0.93	0.97	GMADX
SGICX	0.92	0.78		0.45	0.59	0.67	0.72	SGICX
ANAGX	0.43	0.71	0.45		0.92	0.86	0.74	ANAGX
DHGAX	0.6	0.81	0.59	0.92		0.92	0.83	DHGAX
CABIX	0.66	0.93	0.67	0.86	0.92		0.94	CABIX
FSBKX	0.7	0.97	0.72	0.74	0.83	0.94		FSBKX
	SGMAX	GMADX	SGICX	ANAGX	DHGAX	CABIX	FSBKX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit High 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 High'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
SGMAX	0.34	0.00	(0.05)	0.06	0.35	(0.38)	0.80	(0.70)	2.07
GMADX	0.53	0.00	0.00	0.06	0.68	(0.56)	1.13	(1.08)	3.57
SGICX	0.40	0.03	0.01	0.10	0.45	(0.45)	0.87	(0.92)	2.54
ANAGX	0.11	0.01	(0.23)	0.34	0.00	(0.18)	0.29	(0.29)	0.58
DHGAX	0.12	0.01	(0.27)	0.29	0.00	(0.14)	0.25	(0.20)	0.73
CABIX	0.35	0.03	0.00	0.12	0.34	(0.36)	0.71	(0.71)	2.00
FSBKX	0.37	0.02	(0.01)	0.09	0.49	(0.35)	0.81	(0.88)	2.25

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Siit High Correlations

Siit High Correlation With Market

Very weak diversification

Moving together with Siit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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