Stet Tax-advantaged Correlations
| STAYX Fund | USD 8.86 0.02 0.23% |
The correlation of Stet Tax-advantaged 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 Tax-advantaged Correlation With Market
Average diversification
The correlation between Stet Tax Advantaged Income and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Tax Advantaged Income and DJI in the same portfolio, assuming nothing else is changed.
Stet |
Moving together with Stet Mutual Fund
| 0.66 | SSCGX | Simt Small Cap | PairCorr |
| 0.62 | SSEAX | Siit Screened World | PairCorr |
| 0.66 | SSMAX | Siit Small Mid | PairCorr |
| 0.64 | SSTDX | Saat Servative Strategy | PairCorr |
| 0.62 | STVYX | Simt Tax Managed | PairCorr |
| 0.7 | SUSYX | Simt Managed Volatility | PairCorr |
| 0.72 | SVOAX | Simt Managed Volatility | PairCorr |
Related Correlations Analysis
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