Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVSX Fund  USD 17.85  0.06  0.34%   
The current 90-days correlation between Sit Dividend Growth and Vanguard Total Stock is 0.97 (i.e., Almost no diversification). The correlation of Sit Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Sit Dividend Growth and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Dividend Growth 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 Dividend 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 state.

Moving together with Sit Mutual Fund

  0.96SSCDX Sit Small CapPairCorr
  0.86GDGIX Sit Global DividendPairCorr
  0.85GDGSX Sit Global DividendPairCorr
  0.95SSMGX Sit Small CapPairCorr
  0.96SDFSX Sit Small CapPairCorr
  0.66SDMGX Sit Developing MarketsPairCorr
  1.0SDVGX Sit Dividend GrowthPairCorr
  0.96SESGX Sit Esg GrowthPairCorr
  0.97NBNGX Sit Mid CapPairCorr
  0.98SIBAX Sit BalancedPairCorr
  0.96IESGX Sit Esg GrowthPairCorr
  0.97SNIGX Sit Large CapPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.94VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.85BDJ Blackrock Enhanced EquityPairCorr
  0.98FLCNX Fidelity ContrafundPairCorr
  0.85FFALX Franklin Founding FundsPairCorr
  0.94PWTAX Ubs AllocationPairCorr
  0.93WIGRX Wasatch E GrowthPairCorr

Moving against Sit Mutual Fund

  0.67SNGVX Sit U SPairCorr
  0.66SNGYX Sit Government SecuritiesPairCorr
  0.53SQIFX Sit Quality IncomePairCorr
  0.48SQIYX 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 Dividend 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 Dividend'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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