Sit Large Correlations

Mutual Funds . USA . 
Fund . Sit Large Cap
SNIGX Fund  USD 83.63  0.65  0.77%   
The current 90-days correlation between Sit Large Cap and Sit Mid Cap is 0.85 (i.e., Very poor diversification). The correlation of Sit Large 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 Large Correlation With Market

Average diversification

The correlation between Sit Large Cap and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Large 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 Large 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 census.

Moving together with Sit Mutual Fund

  0.61SESGX Sit Esg GrowthPairCorr
  0.94SIBAX Sit BalancedPairCorr
  0.8VIGAX Vanguard Growth IndexPairCorr
  0.93AGTHX Growth FundPairCorr
  0.93GFACX Growth FundPairCorr
  0.93GFAFX Growth FundPairCorr
  0.93CGFFX Growth FundPairCorr
  0.93CGFCX Growth FundPairCorr
  0.93CGFAX Growth FundPairCorr
  0.94CGFEX Growth FundPairCorr

Moving against Sit Mutual Fund

  0.42SNGVX Sit U SPairCorr
  0.42SNGYX Sit Government SecuritiesPairCorr
  0.38SNTIX Sit Tax FreePairCorr
  0.37SNTYX Sit Tax FreePairCorr
  0.33SQIFX Sit Quality IncomePairCorr
  0.32SMTFX Sit Minnesota TaxPairCorr
  0.31SQIYX Sit Mutual FundsPairCorr
  0.75SAREX Sa Real EstatePairCorr
  0.43MLOAX Cohen Steers MlpPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Large 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 Large'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSCDX  0.71  0.15  0.18  0.24  0.53 
(0.86)
 1.71 
(1.36)
 4.82 
GDGIX  0.52  0.03  0.01  0.13  0.62 
(0.56)
 0.98 
(1.11)
 3.57 
GDGSX  0.52  0.03  0.01  0.13  0.63 
(0.55)
 0.99 
(1.11)
 3.61 
SSMGX  0.88  0.25  0.24  0.36  0.55 
(1.01)
 1.89 
(1.35)
 7.05 
SDFSX  0.71  0.15  0.17  0.24  0.52 
(0.88)
 1.71 
(1.36)
 4.77 
SDMGX  0.66  0.19  0.17  0.37  0.58 
(0.77)
 1.85 
(1.67)
 3.99 
SDVSX  0.61  0.19  0.21  0.47  0.34 
(0.74)
 0.99 
(1.04)
 11.34 
SDVGX  0.60  0.19  0.21  0.47  0.31 
(0.74)
 0.98 
(1.03)
 11.18 
SESGX  0.51  0.00 (0.04) 0.08  0.70 
(0.52)
 0.90 
(1.24)
 3.72 
NBNGX  0.89  0.10  0.08  0.18  1.03 
(0.93)
 1.62 
(1.79)
 5.64 

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