Sit Large Correlations

Mutual Funds . USA . 
Fund . Sit Large Cap
SNIGX Fund  USD 78.55  0.21  0.27%   
The current 90-days correlation between Sit Large Cap and Sit Small Cap is -0.04 (i.e., Good 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

Good diversification

The correlation between Sit Large Cap and DJI is -0.04 (i.e., Good 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 price.

Moving together with Sit Mutual Fund

  0.9SSCDX Sit Small CapPairCorr
  0.69GDGIX Sit Global DividendPairCorr
  0.68GDGSX Sit Global DividendPairCorr
  0.85SSMGX Sit Small CapPairCorr
  0.95SDFSX Sit Small CapPairCorr
  0.97SDVSX Sit Dividend GrowthPairCorr
  0.97SDVGX Sit Dividend GrowthPairCorr
  0.95SESGX Sit Esg GrowthPairCorr
  0.91NBNGX Sit Mid CapPairCorr
  0.92SIBAX Sit BalancedPairCorr
  0.88IESGX Sit Esg GrowthPairCorr
  0.87FAFGX American FundsPairCorr
  0.87GFACX Growth FundPairCorr
  0.87GFAFX Growth FundPairCorr
  0.87AGTHX Growth FundPairCorr
  0.87CGFFX Growth FundPairCorr
  0.87CGFCX Growth FundPairCorr
  0.88CGFAX Growth FundPairCorr
  0.87CGFEX Growth FundPairCorr
  0.87RGAEX Growth FundPairCorr
  0.76PCF Putnam High IncomePairCorr
  0.91VMGRX Vanguard Mid CapPairCorr
  0.98FMILX Fidelity New MillenniumPairCorr
  0.94SWLGX Schwab Large CapPairCorr
  0.76AMDVX Mid Cap ValuePairCorr
  0.87VIGAX Vanguard Growth IndexPairCorr
  0.85FAGIX Fidelity Capital IncomePairCorr

Moving against Sit Mutual Fund

  0.77SNGVX Sit U SPairCorr
  0.74SNGYX Sit Government SecuritiesPairCorr
  0.63SQIFX Sit Quality IncomePairCorr
  0.59SQIYX Sit Mutual FundsPairCorr
  0.45NXJ Nuveen New JerseyPairCorr

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 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  0.78 (0.01) 0.02  0.11  0.89 
(0.80)
 1.83 
(1.36)
 6.07 
GDGIX  0.55 (0.07)(0.13) 0.03  0.74 
(0.55)
 1.03 
(1.48)
 3.22 
SSMGX  0.81 (0.03) 0.00  0.10  1.09 
(0.83)
 1.98 
(1.78)
 5.86 
SDFSX  0.77  0.11  0.00  1.83  0.93 
(0.79)
 1.83 
(1.36)
 6.07 
SDMGX  0.80 (0.01)(0.06) 0.10  1.00 
(0.86)
 1.86 
(2.15)
 5.57 
SDVSX  0.51  0.06 (0.09)(2.38) 0.59 
(0.56)
 0.97 
(1.13)
 3.27 
SDVGX  0.51  0.06 (0.09)(2.89) 0.59 
(0.56)
 0.97 
(1.12)
 3.25 
SESGX  0.60  0.03 (0.12)(1.67) 0.78 
(0.65)
 1.36 
(1.43)
 3.86 
NBNGX  0.73  0.01  0.01  0.13  0.95 
(0.78)
 1.53 
(1.76)
 4.44 
SIBAX  0.42 (0.02)(0.12) 0.08  0.51 
(0.46)
 0.92 
(1.17)
 2.77 

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