Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SDFSX Fund  USD 20.12  0.06  0.30%   
The current 90-days correlation between Sit Small Cap and Sit Dividend Growth is 0.42 (i.e., Very weak diversification). The correlation of Sit Small 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 Small Correlation With Market

Almost no diversification

The correlation between Sit Small Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Small Cap 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 Sit Small Cap. 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 Sit Mutual Fund

  1.0SSCDX Sit Small CapPairCorr
  0.87GDGIX Sit Global DividendPairCorr
  0.87GDGSX Sit Global DividendPairCorr
  0.97SSMGX Sit Small CapPairCorr
  0.85SDMGX Sit Developing MarketsPairCorr
  0.86SDVSX Sit Dividend GrowthPairCorr
  0.86SDVGX Sit Dividend GrowthPairCorr
  0.79SESGX Sit Esg GrowthPairCorr
  0.88NBNGX Sit Mid CapPairCorr
  0.78SIBAX Sit BalancedPairCorr
  0.79IESGX Sit Esg GrowthPairCorr
  0.85SMTFX Sit Minnesota TaxPairCorr
  0.72SNIGX Sit Large CapPairCorr
  0.88SNGRX Sit International GrowthPairCorr
  0.75SNGVX Sit U SPairCorr
  0.76SNGYX Sit Government SecuritiesPairCorr
  0.68SNTIX Sit Tax FreePairCorr
  0.67SNTYX Sit Tax FreePairCorr
  0.84SQIYX Sit Mutual FundsPairCorr
  0.86SQIFX Sit Quality IncomePairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.97FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.98FTHSX Fuller Thaler BehavioralPairCorr
  0.98FTHNX Fuller Thaler BehavioralPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.92PRVIX T Rowe PricePairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.86ARBOX Absolute ConvertiblePairCorr
  0.95HSMVX Hartford Small CapPairCorr
  0.97FISRX Franklin IncomePairCorr
  0.78RGSCX Allianzgi Global SmallPairCorr
  0.87DMFZX Destinations MunicipalPairCorr
  0.94MYSIX Victory TrivalentPairCorr
  0.89LPCNX Blackrock LifepathPairCorr
  0.95FITFX Fidelity Flex InternPairCorr
  0.95MKVHX Mfs Series TrustPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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