Siit Long Correlations

Mutual Funds . USA . 
Fund . Siit Long Duration
SLDAX Fund  USD 7.62  0.01  0.13%   
The current 90-days correlation between Siit Long Duration and Simt Multi Asset Accumulation is 0.7 (i.e., Poor diversification). The correlation of Siit Long 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 Long Correlation With Market

Weak diversification

The correlation between Siit Long Duration and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Long Duration 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 Long Duration. 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

  0.82SAAAX Simt Multi AssetPairCorr
  0.65SRWAX Saat Market GrowthPairCorr
  0.72SRYRX Simt Real ReturnPairCorr
  0.61SSEAX Siit Screened WorldPairCorr
  0.63SSGAX Saat Aggressive StrategyPairCorr
  0.63SASDX Saat Aggressive StrategyPairCorr
  0.65TFCAX Tax Free ConservativePairCorr
  0.64TFCYX Tax Free ConservativePairCorr
  0.62SSPIX Simt Sp 500PairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.74SBDAX Stet California MunicipalPairCorr
  0.69STDAX Saat Defensive StrategyPairCorr
  0.7ENIAX Siit Opportunistic IncomePairCorr
  0.61STLYX Simt Tax ManagedPairCorr
  0.61STVYX Simt Tax ManagedPairCorr
  0.97SCFYX Simt E FixedPairCorr
  0.68SCMSX Saat E MarketPairCorr
  0.74SCLAX Simt Multi AssetPairCorr
  0.96CFVAX Catholic Values FixedPairCorr
  0.97SCOAX Siit E FixedPairCorr
  0.97CFVYX Catholic Values FixedPairCorr
  0.63SCPAX Siit Large CapPairCorr
  0.97SCXIX Sei Insti MgdPairCorr
  0.75SCYYX Stet California MunicipalPairCorr
  0.7SUMAX Stet Short DurationPairCorr
  0.77SUSAX Siit Ultra ShortPairCorr
  0.86SDGFX Sdit Short DurationPairCorr
  0.62SDLAX Siit Dynamic AssetPairCorr
  0.63SVAYX Simt Large CapPairCorr
  0.61SDYAX Simt Dynamic AssetPairCorr
  0.61SDYYX Simt Dynamic AssetPairCorr
  0.73SVSAX Saat Servative StrategyPairCorr
  0.63SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Long 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 Long'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  0.30  0.06 (0.09) 0.41  0.18 
(0.37)
 0.68 
(0.56)
 2.12 
SRWAX  0.33  0.09  0.02  0.34  0.00 
(0.39)
 1.10 
(0.62)
 2.29 
SRYRX  0.11  0.02 (0.53)(0.37) 0.00 
(0.14)
 0.21 
(0.20)
 0.82 
SSCGX  0.82  0.06  0.06  0.19  0.80 
(0.89)
 2.18 
(1.49)
 5.22 
SSEAX  0.45  0.15  0.11  0.48  0.15 
(0.54)
 1.05 
(0.87)
 3.44 
SSGAX  0.45  0.11  0.08  0.32  0.18 
(0.51)
 1.40 
(0.85)
 2.98 
SASDX  0.45  0.11  0.07  0.32  0.22 
(0.53)
 1.44 
(0.87)
 3.05 
SSMAX  0.76  0.04  0.04  0.17  0.81 
(0.87)
 2.17 
(1.53)
 5.82 
TFCAX  0.03  0.00  0.00  0.36  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
TFCYX  0.03  0.00  0.00  0.51  0.00 
 0.00 
 0.10 
 0.00 
 0.30 

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