Sit International Correlations

SNGRX Fund

USD 22.46 0.05 0.22%

The current 90-days correlation between Sit International Growth and Europacific Growth Fund is -0.14 (i.e., Good diversification). The correlation of Sit International 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 International Correlation With Market

Very weak diversification

The correlation between Sit International Growth and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit International 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 International 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 metropolitan statistical area.

Moving together with Sit Mutual Fund

0.86	RERFX	Europacific Growth	Pair Corr
0.98	AEPFX	Europacific Growth	Pair Corr
0.98	CEUAX	Europacific Growth	Pair Corr
0.98	CEUCX	Europacific Growth	Pair Corr
0.98	RERCX	Europacific Growth	Pair Corr
0.98	REREX	Europacific Growth	Pair Corr
0.97	RERGX	Europacific Growth	Pair Corr
0.98	CEUFX	Europacific Growth	Pair Corr
0.87	CEUEX	Europacific Growth	Pair Corr
0.98	RERAX	Europacific Growth	Pair Corr
0.71	IIF	Morgan Stanley India	Pair Corr
0.83	IFN	India Closed	Pair Corr

Moving against Sit Mutual Fund

0.55	CLM	Cornerstone Strategic	Pair Corr
0.5	CRF	Cornerstone Strategic	Pair Corr
0.35	WCPSX	Mobile Telecommunicatio	Pair Corr
0.31	ETV	Eaton Vance Tax	Pair Corr

Related Correlations Analysis

	RERFX	AEPFX	CEUCX	RERGX	CEUFX
RERFX		0.89	0.89	0.89	0.89	RERFX
AEPFX	0.89		1.0	1.0	1.0	AEPFX
CEUCX	0.89	1.0		1.0	1.0	CEUCX
RERGX	0.89	1.0	1.0		1.0	RERGX
CEUFX	0.89	1.0	1.0	1.0		CEUFX
	RERFX	AEPFX	CEUCX	RERGX	CEUFX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit International 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 International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RERFX	0.60	(0.05)	9.73	1.12	(1.47)	4.01
AEPFX	0.61	(0.12)	(0.11)	1.10	(1.47)	4.00
CEUCX	0.60	(0.12)	(0.11)	1.11	(1.48)	4.03
RERGX	0.61	(0.12)	(0.11)	1.11	(1.48)	4.02
CEUFX	0.61	(0.12)	(0.11)	1.12	(1.48)	4.05

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