Stet Intermediate Correlations

SEIMX Fund

USD 11.14 0.03 0.27%

The current 90-days correlation between Stet Intermediate Term and Simt Multi Asset Accumulation is 0.27 (i.e., Modest diversification). The correlation of Stet Intermediate 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 Intermediate Correlation With Market

Very good diversification

The correlation between Stet Intermediate Term and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stet Intermediate Term 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 Intermediate Term. 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 population.

Moving together with Stet Mutual Fund

0.75	SAAAX	Simt Multi Asset	Pair Corr
0.79	SRYRX	Simt Real Return	Pair Corr
0.83	SSTDX	Saat Servative Strategy	Pair Corr
0.98	SBDAX	Stet California Municipal	Pair Corr
0.97	STAYX	Stet Tax Advantaged	Pair Corr
0.73	SCFYX	Simt E Fixed	Pair Corr
0.68	SCMSX	Saat E Market	Pair Corr
0.79	SCLAX	Simt Multi Asset	Pair Corr
0.73	CFVAX	Catholic Values Fixed	Pair Corr
0.68	SCOAX	Siit E Fixed	Pair Corr
0.69	CFVYX	Catholic Values Fixed	Pair Corr
0.68	SCXIX	Sei Insti Mgd	Pair Corr
0.98	SCYYX	Stet California Municipal	Pair Corr
0.69	SUMAX	Stet Short Duration	Pair Corr
0.73	SDGFX	Sdit Short Duration	Pair Corr
0.82	SVSAX	Saat Servative Strategy	Pair Corr

Related Correlations Analysis

	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX
SAAAX		0.37	0.94	-0.33	0.66	0.13	0.17	-0.27	-0.4	-0.54	SAAAX
SRWAX	0.37		0.39	0.69	0.17	0.97	0.98	0.73	0.57	0.46	SRWAX
SRYRX	0.94	0.39		-0.23	0.52	0.15	0.19	-0.19	-0.29	-0.43	SRYRX
SSCGX	-0.33	0.69	-0.23		-0.5	0.81	0.79	0.99	0.84	0.83	SSCGX
SSEAX	0.66	0.17	0.52	-0.5		0.04	0.07	-0.45	-0.41	-0.47	SSEAX
SSGAX	0.13	0.97	0.15	0.81	0.04		1.0	0.83	0.7	0.62	SSGAX
SASDX	0.17	0.98	0.19	0.79	0.07	1.0		0.82	0.68	0.59	SASDX
SSMAX	-0.27	0.73	-0.19	0.99	-0.45	0.83	0.82		0.78	0.78	SSMAX
TFCAX	-0.4	0.57	-0.29	0.84	-0.41	0.7	0.68	0.78		0.97	TFCAX
TFCYX	-0.54	0.46	-0.43	0.83	-0.47	0.62	0.59	0.78	0.97		TFCYX
	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
SSMAX	+ 0.99	SSCGX
SASDX	+ 0.98	SRWAX
SSGAX	+ 0.97	SRWAX
TFCYX	+ 0.97	TFCAX
SRYRX	+ 0.94	SAAAX

High negative correlations

TFCYX	- 0.54	SAAAX
SSEAX	- 0.5	SSCGX
TFCYX	- 0.47	SSEAX
SSMAX	- 0.45	SSEAX
TFCYX	- 0.43	SRYRX
TFCAX	- 0.41	SSEAX

Risk-Adjusted Indicators

There is a big difference between Stet Mutual Fund performing well and Stet Intermediate 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 Intermediate'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
SAAAX	0.38	(0.04)	0.00	(0.05)	0.00	0.00	0.79	(0.80)	1.90
SRWAX	0.29	0.01	(0.14)	0.11	0.22	(0.38)	0.70	(0.62)	1.73
SRYRX	0.10	(0.01)	(0.54)	(0.22)	0.12	(0.16)	0.21	(0.21)	0.83
SSCGX	0.87	0.05	0.09	0.13	0.72	(1.00)	2.12	(1.55)	6.92
SSEAX	0.52	(0.01)	(0.10)	0.06	0.68	(0.49)	0.95	(0.87)	3.12
SSGAX	0.38	0.02	(0.06)	0.13	0.28	(0.47)	0.96	(0.73)	2.38
SASDX	0.38	0.01	(0.07)	0.12	0.30	(0.48)	0.91	(0.75)	2.45
SSMAX	0.71	0.00	0.03	0.09	0.59	(0.85)	1.68	(1.13)	6.00
TFCAX	0.03	0.00	0.00	(0.40)	0.00	0.00	0.10	0.00	0.40
TFCYX	0.02	0.00	0.00	0.12	0.00	0.00	0.00	0.00	0.40

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