Sit Global Correlations

GDGIX Fund

USD 28.60 0.17 0.60%

The current 90-days correlation between Sit Global Dividend and Goldman Sachs Short is 0.02 (i.e., Significant diversification). The correlation of Sit Global 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.

Sit Global Correlation With Market

Very weak diversification

The correlation between Sit Global Dividend and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Global Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Sit Global Dividend. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Sit Mutual Fund

0.69	CWGFX	Capital World Growth	Pair Corr
0.69	RWIFX	Capital World Growth	Pair Corr
0.68	RWIAX	Capital World Growth	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VITSX	Vanguard Total Stock	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.63	VTISX	Vanguard Total Inter	Pair Corr
0.63	VTSNX	Vanguard Total Inter	Pair Corr
0.63	VTPSX	Vanguard Total Inter	Pair Corr
0.69	VINIX	Vanguard Institutional	Pair Corr
0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.66	CAT	Caterpillar Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GANPX	MSTBX	MBSAX	ABNTX	GMCDX	XFINX	RESAX
GANPX		0.29	0.78	0.56	0.83	0.46	0.75	GANPX
MSTBX	0.29		0.2	0.65	0.45	0.62	0.39	MSTBX
MBSAX	0.78	0.2		0.53	0.74	0.46	0.89	MBSAX
ABNTX	0.56	0.65	0.53		0.59	0.64	0.77	ABNTX
GMCDX	0.83	0.45	0.74	0.59		0.45	0.74	GMCDX
XFINX	0.46	0.62	0.46	0.64	0.45		0.63	XFINX
RESAX	0.75	0.39	0.89	0.77	0.74	0.63		RESAX
	GANPX	MSTBX	MBSAX	ABNTX	GMCDX	XFINX	RESAX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Global 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 Sit Global'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
GANPX	0.07	0.00	(0.44)	0.36	0.00	(0.13)	0.19	(0.10)	0.68
MSTBX	0.10	0.00	(0.51)	0.36	0.00	(0.14)	0.21	(0.21)	0.62
MBSAX	0.20	0.01	(0.25)	1.06	0.21	(0.22)	0.52	(0.37)	1.55
ABNTX	0.13	(0.01)	(0.45)	(0.16)	0.15	(0.17)	0.30	(0.30)	0.79
GMCDX	0.24	0.05	(0.12)	1.24	0.03	(0.30)	0.46	(0.41)	2.04
XFINX	0.13	(0.01)	(0.27)	(0.02)	0.21	(0.16)	0.36	(0.64)	1.14
RESAX	0.22	0.01	(0.22)	0.27	0.21	(0.28)	0.49	(0.37)	2.22

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Sit Global Correlations

Sit Global Correlation With Market

Very weak diversification

Moving together with Sit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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