Siit Emerging Correlations

SMQFX Fund  USD 11.33  0.02  0.18%   
The current 90-days correlation between Siit Emerging Markets and Red Oak Technology is 0.04 (i.e., Significant diversification). The correlation of Siit Emerging 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Siit Emerging Markets. 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 census.

Moving together with Siit Mutual Fund

  0.95SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.85SSCGX Simt Small CapPairCorr
  0.87SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.84SSMAX Siit Small MidPairCorr
  0.71TFCAX Tax Free ConservativePairCorr
  0.71TFCYX Tax Free ConservativePairCorr
  0.87SSPIX Simt Sp 500PairCorr
  0.86SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.99STDAX Saat Defensive StrategyPairCorr
  0.99ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.89STVYX Simt Tax ManagedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.97SUMAX Stet Short DurationPairCorr
  0.8SUSYX Simt Managed VolatilityPairCorr
  0.73SUSAX Siit Ultra ShortPairCorr
  0.67SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.8SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX 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 Emerging 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 Emerging'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.