Siit Small Correlations

Mutual Funds . USA . 
Fund . Siit Small Mid
SSMAX Fund  USD 10.23  0.07  0.69%   
The current 90-days correlation between Siit Small Mid and Barings High Yield is 0.67 (i.e., Poor diversification). The correlation of Siit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Siit Small Mid and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Small Mid 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 Small Mid. 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

  0.86TFCYX Tax Free ConservativePairCorr
  0.82SUSAX Siit Ultra ShortPairCorr
  0.99SECAX Siit Small CapPairCorr
  0.89SEDAX Siit Emerging MarketsPairCorr
  0.86SEIRX Simt Real EstatePairCorr
  0.95SGMAX Siit Global ManagedPairCorr
  0.99SLPAX Siit Small CapPairCorr
  0.97SMGAX Saat Servative StrategyPairCorr
  0.95SMQFX Siit Emerging MarketsPairCorr
  0.98LCIAX Siit Large CapPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.97FKGYGX FkgygxPairCorr
  0.94EMXCX Ashmore Emerging MarketsPairCorr
  0.96EVFCX Evaluator ConservativePairCorr
  0.99JDVVX John Hancock DisciplinedPairCorr
  0.97MATFX Matthews Asia InnovatorsPairCorr
  0.96USTCX Science TechnologyPairCorr
  0.98JGCCX Janus Global AllocationPairCorr
  0.95MSTGX Morningstar Global IncomePairCorr
  0.99VMCPX Vanguard Mid CapPairCorr
  0.98GCBLX Green Century BalancedPairCorr

Moving against Siit Mutual Fund

  0.6PQTAX Pimco Trends ManagedPairCorr
  0.59PQTNX Pimco Trends ManagedPairCorr
  0.59PQTIX Aa Pimco TrPairCorr
  0.31GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Small 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 Small'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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