Stet Short Correlations

Mutual Funds . USA . 
Fund . Stet Short Duration
SUMAX Fund  USD 10.02  0.01  0.1%   
The current 90-days correlation between Stet Short Duration and Morningstar Defensive Bond is 0.39 (i.e., Weak diversification). The correlation of Stet Short 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 Short Correlation With Market

Significant diversification

The correlation between Stet Short Duration and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Short 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 Stet Short 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 Stet Mutual Fund

  0.94SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.71SRYRX Simt Real ReturnPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.92SSMAX Siit Small MidPairCorr
  0.98TFCAX Tax Free ConservativePairCorr
  0.99TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.98SBDAX Stet California MunicipalPairCorr
  0.98STDAX Saat Defensive StrategyPairCorr
  0.98ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.63SCFYX Simt E FixedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.61CFVAX Catholic Values FixedPairCorr
  0.65SCOAX Siit E FixedPairCorr
  0.61CFVYX Catholic Values FixedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.61SCXIX Sei Insti MgdPairCorr
  0.9SUSYX Simt Managed VolatilityPairCorr
  0.98SUSAX Siit Ultra ShortPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr
  0.86SVTAX Simt Global ManagedPairCorr
  0.96SEDIX Saat Defensive StrategyPairCorr
  0.95SECAX Siit Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet Short 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 Short'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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