Sit Esg Correlations

Mutual Funds . USA . 
Fund . Sit Esg Growth
IESGX Fund  USD 22.60  0.04  0.18%   
The current 90-days correlation between Sit Esg Growth and Ashmore Emerging Markets is 0.13 (i.e., Average diversification). The correlation of Sit Esg 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 Esg Correlation With Market

Poor diversification

The correlation between Sit Esg Growth and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Esg Growth 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 Esg Growth. 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 price.

Moving together with Sit Mutual Fund

  0.91SSCDX Sit Small CapPairCorr
  0.91GDGIX Sit Global DividendPairCorr
  0.91GDGSX Sit Global DividendPairCorr
  0.92SSMGX Sit Small CapPairCorr
  0.87SDFSX Sit Small CapPairCorr
  0.71SDMGX Sit Developing MarketsPairCorr
  0.88SDVSX Sit Dividend GrowthPairCorr
  0.85SDVGX Sit Dividend GrowthPairCorr
  0.89SESGX Sit Esg GrowthPairCorr
  0.92NBNGX Sit Mid CapPairCorr
  0.95SIBAX Sit BalancedPairCorr
  0.88SNIGX Sit Large CapPairCorr
  0.79FCWGX American Funds CapitalPairCorr
  0.79FWCGX American Funds CapitalPairCorr
  0.73CWGIX Capital World GrowthPairCorr
  0.85CWGFX Capital World GrowthPairCorr
  0.72CWGCX Capital World GrowthPairCorr
  0.74RWIFX Capital World GrowthPairCorr
  0.72CWICX Capital World GrowthPairCorr
  0.72RWIAX Capital World GrowthPairCorr
  0.73CWIAX Capital World GrowthPairCorr
  0.85WGIFX Capital World GrowthPairCorr
  0.95DXQLX Direxion Monthly NasdaqPairCorr
  0.95RYVLX Nasdaq 100 2xPairCorr
  0.95RYVYX Nasdaq 100 2xPairCorr
  0.83UOPIX Ultra Nasdaq 100PairCorr
  0.83RYCCX Nasdaq 100 2xPairCorr
  0.83UOPSX Ultranasdaq 100 ProfundPairCorr
  0.73INPIX Internet UltrasectorPairCorr
  0.73INPSX Internet UltrasectorPairCorr

Moving against Sit Mutual Fund

  0.65SNGVX Sit U SPairCorr
  0.6SNGYX Sit Government SecuritiesPairCorr
  0.53SQIFX Sit Quality IncomePairCorr
  0.49SQIYX Sit Mutual FundsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Esg 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 Esg'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.

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