Siit Ultra Correlations

Mutual Funds . USA . 
Fund . Siit Ultra Short
SUSAX Fund  USD 10.00  0.00  0.00%   
The current 90-days correlation between Siit Ultra Short and Gmo High Yield is -0.04 (i.e., Good diversification). The correlation of Siit Ultra 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 Ultra Correlation With Market

Good diversification

The correlation between Siit Ultra Short and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Ultra Short 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 Ultra Short. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Siit Mutual Fund

  0.94SAAAX Simt Multi AssetPairCorr
  0.91SRWAX Saat Market GrowthPairCorr
  0.89SRYRX Simt Real ReturnPairCorr
  0.87SSCGX Simt Small CapPairCorr
  0.81SSEAX Siit Screened WorldPairCorr
  0.9SSGAX Saat Aggressive StrategyPairCorr
  0.9SASDX Saat Aggressive StrategyPairCorr
  0.67SSMAX Siit Small MidPairCorr
  0.99TFCAX Tax Free ConservativePairCorr
  0.99TFCYX Tax Free ConservativePairCorr
  0.9SSPIX Simt Sp 500PairCorr
  0.77SSTDX Saat Servative StrategyPairCorr
  0.83SBDAX Stet California MunicipalPairCorr
  0.88STAYX Stet Tax AdvantagedPairCorr
  0.78STDAX Saat Defensive StrategyPairCorr
  0.78ENIAX Siit Opportunistic IncomePairCorr
  0.76STLYX Simt Tax ManagedPairCorr
  0.73STMPX Simt Tax ManagedPairCorr
  0.68STMSX Simt Tax ManagedPairCorr
  0.83STVYX Simt Tax ManagedPairCorr
  0.76SCFYX Simt E FixedPairCorr
  0.77SCMSX Saat E MarketPairCorr
  0.78SCLAX Simt Multi AssetPairCorr
  0.76CFVAX Catholic Values FixedPairCorr
  0.76SCOAX Siit E FixedPairCorr
  0.95CFVYX Catholic Values FixedPairCorr
  0.77SCPAX Siit Large CapPairCorr
  0.76SCXIX Sei Insti MgdPairCorr
  0.77SCYYX Stet California MunicipalPairCorr
  0.8SUMAX Stet Short DurationPairCorr
  0.72SUSYX Simt Managed VolatilityPairCorr
  0.77SDGFX Sdit Short DurationPairCorr
  0.9SDLAX Siit Dynamic AssetPairCorr
  0.71SVAYX Simt Large CapPairCorr
  0.89SDYAX Simt Dynamic AssetPairCorr
  0.63SVOAX Simt Managed VolatilityPairCorr
  0.75SDYYX Simt Dynamic AssetPairCorr
  0.89SVSAX Saat Servative StrategyPairCorr
  0.77SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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