Siit Large Correlations

Mutual Funds . USA . 
Fund . Siit Large Cap
LCIAX Fund  USD 231.37  1.93  0.84%   
The current 90-days correlation between Siit Large Cap and Siit Dynamic Asset is 0.05 (i.e., Significant diversification). The correlation of Siit Large 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 Large Correlation With Market

Very poor diversification

The correlation between Siit Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Siit Large Cap. 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

  0.76SRWAX Saat Market GrowthPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.84SSGAX Saat Aggressive StrategyPairCorr
  0.86SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.87TFCAX Tax Free ConservativePairCorr
  0.85TFCYX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.95STDAX Saat Defensive StrategyPairCorr
  0.94ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.97STMSX Simt Tax ManagedPairCorr
  0.8STVYX Simt Tax ManagedPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.95SUSYX Simt Managed VolatilityPairCorr
  0.82SUSAX Siit Ultra ShortPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.93SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.84SEAIX Saat Aggressive StrategyPairCorr

Moving against Siit Mutual Fund

  0.61SCFYX Simt E FixedPairCorr
  0.65SCOAX Siit E FixedPairCorr
  0.65SCXIX Sei Insti MgdPairCorr
  0.64CFVYX Catholic Values FixedPairCorr
  0.6CFVAX Catholic Values FixedPairCorr
  0.45SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY