Stet Intermediate Correlations

SINYX Fund

USD 11.17 0.01 0.09%

The current 90-days correlation between Stet Intermediate Term and Small Cap Value Profund is 0.07 (i.e., Significant diversification). The correlation of Stet Intermediate 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 Intermediate Correlation With Market

Modest diversification

The correlation between Stet Intermediate Term and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Intermediate Term 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 Intermediate Term. 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 population.

Moving together with Stet Mutual Fund

0.9	SAAAX	Simt Multi Asset	Pair Corr
0.87	SRWAX	Saat Market Growth	Pair Corr
0.64	SSEAX	Siit Screened World	Pair Corr
0.84	SSGAX	Saat Aggressive Strategy	Pair Corr
0.82	SASDX	Saat Aggressive Strategy	Pair Corr
0.83	TFCAX	Tax Free Conservative	Pair Corr
0.83	SSPIX	Simt Sp 500	Pair Corr
0.88	SSTDX	Saat Servative Strategy	Pair Corr
0.94	STDAX	Saat Defensive Strategy	Pair Corr
0.94	ENIAX	Siit Opportunistic Income	Pair Corr
0.89	SCMSX	Saat E Market	Pair Corr
0.92	SCOAX	Siit E Fixed	Pair Corr
0.91	CFVYX	Catholic Values Fixed	Pair Corr
0.81	SCPAX	Siit Large Cap	Pair Corr
0.87	SCXIX	Sei Insti Mgd	Pair Corr
0.88	SUSAX	Siit Ultra Short	Pair Corr
0.82	SDYAX	Simt Dynamic Asset	Pair Corr
0.83	SEAIX	Saat Aggressive Strategy	Pair Corr
0.91	SEDIX	Saat Defensive Strategy	Pair Corr
0.94	SEDAX	Siit Emerging Markets	Pair Corr
0.75	SEIAX	Siit Multi Asset	Pair Corr
0.69	SEHAX	Siit Equity Factor	Pair Corr
0.93	SEQFX	Sit Emerging Markets	Pair Corr
0.93	AAEZX	Enhanced Fixed Income	Pair Corr
0.74	WEUSX	Siit World Equity	Pair Corr
0.67	SGYAX	Siit High Yield	Pair Corr
0.7	TMLCX	Simt Tax Managed	Pair Corr
0.93	SIEMX	Sit Emerging Markets	Pair Corr

Moving against Stet Mutual Fund

0.43	SSMAX	Siit Small Mid	Pair Corr
0.39	SVOAX	Simt Managed Volatility	Pair Corr
0.32	SVYAX	Siit Managed Volatility	Pair Corr
0.42	SMYFX	Simt Small Cap	Pair Corr

Related Correlations Analysis

	SVPSX	UAPIX	SGPIX	UMPIX
SVPSX		0.53	0.55	0.52	SVPSX
UAPIX	0.53		0.72	0.54	UAPIX
SGPIX	0.55	0.72		0.92	SGPIX
UMPIX	0.52	0.54	0.92		UMPIX
	SVPSX	UAPIX	SGPIX	UMPIX

Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet Intermediate 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 Intermediate'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
SVPSX	0.91	(0.01)	(0.05)	(0.09)	1.20	(0.94)	2.07	(2.08)	5.65
UAPIX	1.88	0.00	0.04	0.05	2.44	(1.88)	4.28	(3.95)	11.10
SGPIX	0.82	(0.05)	(0.03)	0.01	1.01	(0.87)	2.09	(1.52)	5.21
UMPIX	1.47	(0.09)	(0.01)	0.01	1.95	(1.51)	3.24	(3.18)	8.93

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