Siit High Correlations

Mutual Funds . USA . 
Fund . Siit High Yield
SGYAX Fund  USD 7.12  0.01  0.14%   
The current 90-days correlation between Siit High Yield and Dodge Cox Emerging is 0.33 (i.e., 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

Poor diversification

The correlation between Siit High Yield and DJI is 0.63 (i.e., Poor 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

  0.94SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.96SSCGX Simt Small CapPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.97SSGAX Saat Aggressive StrategyPairCorr
  0.97SASDX Saat Aggressive StrategyPairCorr
  0.94SSMAX Siit Small MidPairCorr
  0.92TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.97SSTDX Saat Servative StrategyPairCorr
  0.77SBDAX Stet California MunicipalPairCorr
  0.98STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.95STMPX Simt Tax ManagedPairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.9STVYX Simt Tax ManagedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.68SCYYX Stet California MunicipalPairCorr
  0.87SUMAX Stet Short DurationPairCorr
  0.91SUSYX Simt Managed VolatilityPairCorr
  0.93SUSAX Siit Ultra ShortPairCorr
  0.77SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.91SVOAX Simt Managed VolatilityPairCorr
  0.95SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX 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 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.

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