Sit Esg Correlations

SESGX Fund

USD 22.31 0.04 0.18%

The current 90-days correlation between Sit Esg Growth and Rbb Fund Trust is -0.09 (i.e., Good 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

Good diversification

The correlation between Sit Esg Growth and DJI is -0.01 (i.e., Good 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 World Market Map 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

0.84	SSCDX	Sit Small Cap	Pair Corr
0.78	GDGIX	Sit Global Dividend	Pair Corr
0.78	GDGSX	Sit Global Dividend	Pair Corr
0.82	SSMGX	Sit Small Cap	Pair Corr
0.91	SDFSX	Sit Small Cap	Pair Corr
0.65	SDMGX	Sit Developing Markets	Pair Corr
0.96	SDVSX	Sit Dividend Growth	Pair Corr
0.96	SDVGX	Sit Dividend Growth	Pair Corr
0.83	NBNGX	Sit Mid Cap	Pair Corr
0.85	SIBAX	Sit Balanced	Pair Corr
0.89	IESGX	Sit Esg Growth	Pair Corr
0.95	SNIGX	Sit Large Cap	Pair Corr
0.86	FCWGX	American Funds Capital	Pair Corr
0.86	FWCGX	American Funds Capital	Pair Corr
0.64	CWGIX	Capital World Growth	Pair Corr
0.64	CWGFX	Capital World Growth	Pair Corr
0.63	CWGCX	Capital World Growth	Pair Corr
0.65	RWIFX	Capital World Growth	Pair Corr
0.63	CWICX	Capital World Growth	Pair Corr
0.63	RWIAX	Capital World Growth	Pair Corr
0.64	CWIAX	Capital World Growth	Pair Corr
0.74	WGIFX	Capital World Growth	Pair Corr
0.75	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.86	RYVLX	Nasdaq 100 2x	Pair Corr
0.86	RYVYX	Nasdaq 100 2x	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.75	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.71	INPIX	Internet Ultrasector	Pair Corr
0.71	INPSX	Internet Ultrasector	Pair Corr

Moving against Sit Mutual Fund

0.68	SNGVX	Sit U S	Pair Corr
0.64	SNGYX	Sit Government Securities	Pair Corr
0.57	SQIFX	Sit Quality Income	Pair Corr
0.55	SQIYX	Sit Mutual Funds	Pair Corr

Related Correlations Analysis

	PEIEX	NGJCX	HRLAX	MGGNX	WRLDX	ANAZX	KGLCX
PEIEX		-0.71	-0.18	-0.28	0.6	-0.81	0.83	PEIEX
NGJCX	-0.71		0.51	0.69	-0.18	0.91	-0.72	NGJCX
HRLAX	-0.18	0.51		0.28	0.32	0.31	-0.35	HRLAX
MGGNX	-0.28	0.69	0.28		0.17	0.7	-0.18	MGGNX
WRLDX	0.6	-0.18	0.32	0.17		-0.29	0.64	WRLDX
ANAZX	-0.81	0.91	0.31	0.7	-0.29		-0.74	ANAZX
KGLCX	0.83	-0.72	-0.35	-0.18	0.64	-0.74		KGLCX
	PEIEX	NGJCX	HRLAX	MGGNX	WRLDX	ANAZX	KGLCX

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

ANAZX	+ 0.91	NGJCX
KGLCX	+ 0.83	PEIEX
ANAZX	+ 0.7	MGGNX
MGGNX	+ 0.69	NGJCX
KGLCX	+ 0.64	WRLDX
WRLDX	+ 0.6	PEIEX

High negative correlations

ANAZX	- 0.81	PEIEX
KGLCX	- 0.74	ANAZX
KGLCX	- 0.72	NGJCX
NGJCX	- 0.71	PEIEX
KGLCX	- 0.35	HRLAX
ANAZX	- 0.29	WRLDX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEIEX	0.64	0.02	(0.03)	0.16	0.55	(0.76)	1.66	(1.27)	3.33
NGJCX	0.56	(0.04)	(0.17)	(0.04)	0.74	(0.56)	1.16	(1.19)	3.67
HRLAX	0.44	(0.05)	0.00	(0.06)	0.00	0.00	0.91	(0.99)	2.91
MGGNX	0.19	0.00	(0.43)	0.13	0.19	(0.24)	0.34	(0.34)	1.13
WRLDX	0.49	(0.02)	(0.11)	0.09	0.45	(0.56)	0.92	(0.97)	2.75
ANAZX	0.18	(0.02)	0.00	1.56	0.00	0.00	0.29	(0.29)	1.01
KGLCX	1.03	0.40	0.48	0.46	0.00	(1.29)	3.14	(1.04)	5.72

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