Siit Us Correlations

SVYAX Fund

USD 11.86 0.18 1.54%

The current 90-days correlation between Siit Managed Volatility and Simt Multi Asset Accumulation is 0.53 (i.e., Very weak diversification). The correlation of Siit Us 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 Us Correlation With Market

Poor diversification

The correlation between Siit Managed Volatility and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Managed Volatility 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 Managed Volatility. 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

0.81	SSMAX	Siit Small Mid	Pair Corr
0.83	STMPX	Simt Tax Managed	Pair Corr
0.83	STMSX	Simt Tax Managed	Pair Corr
0.75	STVYX	Simt Tax Managed	Pair Corr
0.97	SUSYX	Simt Managed Volatility	Pair Corr
0.97	SVOAX	Simt Managed Volatility	Pair Corr

Moving against Siit Mutual Fund

0.49	TFCAX	Tax Free Conservative	Pair Corr
0.49	TFCYX	Tax Free Conservative	Pair Corr
0.45	ENIAX	Siit Opportunistic Income	Pair Corr
0.42	STDAX	Saat Defensive Strategy	Pair Corr
0.32	SBDAX	Stet California Municipal	Pair Corr
0.42	SUSAX	Siit Ultra Short	Pair Corr
0.4	SEDAX	Siit Emerging Markets	Pair Corr
0.4	SECYX	Sdit Ultra Short	Pair Corr
0.39	SECPX	Sdit Ultra Short	Pair Corr
0.36	SDGFX	Sdit Short Duration	Pair Corr
0.35	SEIAX	Siit Multi Asset	Pair Corr
0.33	SCYYX	Stet California Municipal	Pair Corr

Related Correlations Analysis

	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX
SAAAX		0.97	0.38	0.39	0.8	0.94	0.94	-0.17	0.74	0.73	SAAAX
SRWAX	0.97		0.27	0.45	0.9	0.99	0.99	-0.05	0.69	0.68	SRWAX
SRYRX	0.38	0.27		0.38	0.17	0.22	0.23	0.19	0.14	0.15	SRYRX
SSCGX	0.39	0.45	0.38		0.6	0.49	0.51	0.75	-0.18	-0.18	SSCGX
SSEAX	0.8	0.9	0.17	0.6		0.93	0.93	0.25	0.41	0.4	SSEAX
SSGAX	0.94	0.99	0.22	0.49	0.93		1.0	0.02	0.65	0.64	SSGAX
SASDX	0.94	0.99	0.23	0.51	0.93	1.0		0.04	0.63	0.62	SASDX
SSMAX	-0.17	-0.05	0.19	0.75	0.25	0.02	0.04		-0.61	-0.61	SSMAX
TFCAX	0.74	0.69	0.14	-0.18	0.41	0.65	0.63	-0.61		1.0	TFCAX
TFCYX	0.73	0.68	0.15	-0.18	0.4	0.64	0.62	-0.61	1.0		TFCYX
	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SASDX	+ 1.0	SSGAX
TFCYX	+ 1.0	TFCAX
SSGAX	+ 0.99	SRWAX
SASDX	+ 0.99	SRWAX
SRWAX	+ 0.97	SAAAX
SSGAX	+ 0.94	SAAAX

High negative correlations

TFCYX	- 0.61	SSMAX
TFCAX	- 0.61	SSMAX
TFCYX	- 0.18	SSCGX
TFCAX	- 0.18	SSCGX
SSMAX	- 0.17	SAAAX
SSMAX	- 0.05	SRWAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SAAAX	0.41	0.04	0.04	0.12	0.36	(0.48)	1.01	(0.75)	2.72
SRWAX	0.35	0.01	(0.02)	0.06	0.42	(0.37)	0.80	(0.71)	2.70
SRYRX	0.08	0.00	(0.28)	0.18	0.00	(0.14)	0.20	(0.10)	0.71
SSCGX	0.95	(0.05)	(0.03)	0.01	1.22	(1.00)	2.45	(2.08)	5.96
SSEAX	0.55	(0.02)	(0.04)	0.01	0.76	(0.53)	1.19	(1.11)	3.81
SSGAX	0.45	0.01	(0.01)	0.05	0.61	(0.45)	1.08	(1.00)	3.48
SASDX	0.46	0.00	(0.01)	0.04	0.62	(0.45)	1.09	(1.02)	3.51
SSMAX	0.74	(0.07)	0.00	(0.02)	0.00	0.00	1.64	(1.41)	5.68
TFCAX	0.01	0.00	0.00	0.34	0.00	0.00	0.00	0.00	0.20
TFCYX	0.02	0.00	0.00	0.33	0.00	0.00	0.00	0.00	0.30

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