Stet Tax Correlations

SEATX Fund

USD 9.34 0.02 0.21%

The correlation of Stet Tax 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 Correlation With Market

Modest diversification

The correlation between Stet Tax Advantaged Income and DJI is 0.2 (i.e., Modest 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stet Tax Advantaged Income. 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 estimate.

Moving together with Stet Mutual Fund

0.66	SAAAX	Simt Multi Asset	Pair Corr
0.71	SRYRX	Simt Real Return	Pair Corr
0.77	SSTDX	Saat Servative Strategy	Pair Corr
0.94	SBDAX	Stet California Municipal	Pair Corr
1.0	STAYX	Stet Tax Advantaged	Pair Corr
0.66	SCFYX	Simt E Fixed	Pair Corr
0.63	SCMSX	Saat E Market	Pair Corr
0.67	SCLAX	Simt Multi Asset	Pair Corr
0.65	CFVAX	Catholic Values Fixed	Pair Corr
0.61	SCOAX	Siit E Fixed	Pair Corr
0.61	CFVYX	Catholic Values Fixed	Pair Corr
0.61	SCXIX	Sei Insti Mgd	Pair Corr
0.95	SCYYX	Stet California Municipal	Pair Corr
0.73	SUMAX	Stet Short Duration	Pair Corr
0.66	SDGFX	Sdit Short Duration	Pair Corr
0.72	SVSAX	Saat Servative Strategy	Pair Corr

Related Correlations Analysis

	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI
AQUI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.0		0.55	-0.03	0.73	0.13	0.15	0.54	0.31	-0.03	MSTSX
LBHIX	0.0	0.55		0.51	0.8	0.59	0.4	-0.16	0.64	0.16	LBHIX
VIASP	0.0	-0.03	0.51		0.35	0.88	0.72	-0.26	0.85	0.63	VIASP
RRTLX	0.0	0.73	0.8	0.35		0.47	0.21	0.01	0.53	-0.04	RRTLX
OSHDF	0.0	0.13	0.59	0.88	0.47		0.65	-0.22	0.9	0.5	OSHDF
70082LAB3	0.0	0.15	0.4	0.72	0.21	0.65		0.14	0.8	0.9	70082LAB3
SITKF	0.0	0.54	-0.16	-0.26	0.01	-0.22	0.14		0.01	0.16	SITKF
RWAYL	0.0	0.31	0.64	0.85	0.53	0.9	0.8	0.01		0.65	RWAYL
SEGI	0.0	-0.03	0.16	0.63	-0.04	0.5	0.9	0.16	0.65		SEGI
	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI

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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

RWAYL	+ 0.9	OSHDF
SEGI	+ 0.9	70082LAB3
OSHDF	+ 0.88	VIASP
RWAYL	+ 0.85	VIASP
RRTLX	+ 0.8	LBHIX
RWAYL	+ 0.8	70082LAB3

High negative correlations

SITKF	- 0.26	VIASP
SITKF	- 0.22	OSHDF
SITKF	- 0.16	LBHIX
SEGI	- 0.04	RRTLX
SEGI	- 0.03	MSTSX
VIASP	- 0.03	MSTSX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	0.04	(0.07)	1.56	0.43	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.00	(0.29)	0.08	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.75	0.13	0.04	(2.07)	1.06	(0.84)	2.28	(1.20)	7.18
RRTLX	0.22	0.01	(0.22)	0.20	0.21	(0.25)	0.48	(0.47)	1.36
OSHDF	39.65	21.76	0.00	(0.92)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.66	0.08	0.00	1.35	0.95	(0.79)	1.75	(0.78)	6.86
SITKF	5.42	0.58	0.08	0.95	5.09	(8.09)	14.29	(9.09)	30.02
RWAYL	0.13	0.01	(0.29)	0.52	0.05	(0.17)	0.32	(0.20)	1.20
SEGI	10.26	2.38	0.14	(1.08)	10.47	(15.25)	28.57	(20.00)	62.86

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