Siit Limited Correlations

SLDBX Fund

USD 9.60 0.01 0.10%

The current 90-days correlation between Siit Limited Duration and Multisector Bond Sma is 0.48 (i.e., Very weak diversification). The correlation of Siit Limited 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 Limited Correlation With Market

Good diversification

The correlation between Siit Limited Duration and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siit Limited Duration 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 Limited Duration. 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 bureau of labor statistics.

Moving together with Siit Mutual Fund

0.71	SAAAX	Simt Multi Asset	Pair Corr
0.78	SRYRX	Simt Real Return	Pair Corr
0.67	SSTDX	Saat Servative Strategy	Pair Corr
0.72	SBDAX	Stet California Municipal	Pair Corr
0.72	STAYX	Stet Tax Advantaged	Pair Corr
0.87	SCFYX	Simt E Fixed	Pair Corr
0.66	SCLAX	Simt Multi Asset	Pair Corr
0.91	CFVAX	Catholic Values Fixed	Pair Corr
0.9	SCOAX	Siit E Fixed	Pair Corr
0.9	CFVYX	Catholic Values Fixed	Pair Corr
0.9	SCXIX	Sei Insti Mgd	Pair Corr
0.71	SCYYX	Stet California Municipal	Pair Corr
0.89	SDGFX	Sdit Short Duration	Pair Corr
0.61	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Siit Mutual Fund

0.48	STDAX	Saat Defensive Strategy	Pair Corr
0.47	TFCYX	Tax Free Conservative	Pair Corr
0.44	SSPIX	Simt Sp 500	Pair Corr
0.43	ENIAX	Siit Opportunistic Income	Pair Corr
0.38	TFCAX	Tax Free Conservative	Pair Corr
0.37	STMPX	Simt Tax Managed	Pair Corr
0.37	STMSX	Simt Tax Managed	Pair Corr
0.36	SSCGX	Simt Small Cap	Pair Corr
0.34	SSMAX	Siit Small Mid	Pair Corr
0.31	STLYX	Simt Tax Managed	Pair Corr
0.54	SDYAX	Simt Dynamic Asset	Pair Corr
0.53	SDYYX	Simt Dynamic Asset	Pair Corr
0.52	SDLAX	Siit Dynamic Asset	Pair Corr
0.46	SCPAX	Siit Large Cap	Pair Corr
0.44	SVAYX	Simt Large Cap	Pair Corr
0.38	SUSAX	Siit Ultra Short	Pair Corr
0.37	SECAX	Siit Small Cap	Pair Corr
0.36	SECYX	Sdit Ultra Short	Pair Corr
0.33	SUSYX	Simt Managed Volatility	Pair Corr
0.33	SVOAX	Simt Managed Volatility	Pair Corr

Related Correlations Analysis

	MBSAX	FHYIX	CFNLX	ANBIX	ARTFX	AGRXX
MBSAX		0.73	0.85	0.62	0.1	0.0	MBSAX
FHYIX	0.73		0.89	0.36	0.37	0.0	FHYIX
CFNLX	0.85	0.89		0.66	-0.01	0.0	CFNLX
ANBIX	0.62	0.36	0.66		-0.44	0.0	ANBIX
ARTFX	0.1	0.37	-0.01	-0.44		0.0	ARTFX
AGRXX	0.0	0.0	0.0	0.0	0.0		AGRXX
	MBSAX	FHYIX	CFNLX	ANBIX	ARTFX	AGRXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CFNLX	+ 0.89	FHYIX
CFNLX	+ 0.85	MBSAX
FHYIX	+ 0.73	MBSAX
ANBIX	+ 0.66	CFNLX
ANBIX	+ 0.62	MBSAX
ARTFX	+ 0.37	FHYIX

High negative correlations

ARTFX	- 0.44	ANBIX
ARTFX	- 0.01	CFNLX
AGRXX	- 0.0	ARTFX
AGRXX	- 0.0	ANBIX
AGRXX	- 0.0	CFNLX
AGRXX	- 0.0	FHYIX

Risk-Adjusted Indicators

There is a big difference between Siit Mutual Fund performing well and Siit Limited 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 Limited'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
MBSAX	0.21	(0.01)	(0.34)	0.06	0.23	(0.22)	0.37	(0.44)	1.25
FHYIX	0.17	0.02	(0.25)	(0.06)	0.25	(0.23)	0.43	(0.32)	1.85
CFNLX	0.12	0.01	(0.43)	0.04	0.18	(0.16)	0.22	(0.32)	1.13
ANBIX	0.14	(0.02)	0.00	(0.54)	0.00	0.00	0.29	(0.29)	0.87
ARTFX	0.10	0.03	(0.60)	1.87	0.00	(0.17)	0.22	(0.11)	0.77
AGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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