Sit Mutual Correlations

SQIYX Fund

USD 9.53 0.01 0.11%

The current 90-days correlation between Sit Mutual Funds and Kinetics Market Opportunities is -0.11 (i.e., Good diversification). The correlation of Sit Mutual 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 Mutual Correlation With Market

Significant diversification

The correlation between Sit Mutual Funds and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Mutual Funds 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 Mutual Funds. 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 manufacturing.

Moving together with Sit Mutual Fund

0.9	SNGVX	Sit U S	Pair Corr
0.9	SNGYX	Sit Government Securities	Pair Corr
0.95	SQIFX	Sit Quality Income	Pair Corr
0.91	VBIRX	Vanguard Short Term	Pair Corr
0.82	VFSUX	Vanguard Short Term	Pair Corr
0.91	VFSIX	Vanguard Short Term	Pair Corr
0.93	VFSTX	Vanguard Short Term	Pair Corr
0.99	VBITX	Vanguard Short Term	Pair Corr
0.99	VBISX	Vanguard Short Term	Pair Corr
0.64	LALDX	Lord Abbett Short	Pair Corr
0.9	VSCSX	Vanguard Short Term	Pair Corr
0.63	LDLAX	Lord Abbett Short	Pair Corr
0.62	LDLRX	Lord Abbett Short	Pair Corr

Moving against Sit Mutual Fund

0.58	SNIGX	Sit Large Cap	Pair Corr
0.54	SSCDX	Sit Small Cap	Pair Corr
0.54	SDFSX	Sit Small Cap	Pair Corr
0.53	NBNGX	Sit Mid Cap	Pair Corr
0.51	SESGX	Sit Esg Growth	Pair Corr
0.51	IESGX	Sit Esg Growth	Pair Corr
0.49	SDVGX	Sit Dividend Growth	Pair Corr
0.49	SIBAX	Sit Balanced	Pair Corr
0.48	SDVSX	Sit Dividend Growth	Pair Corr
0.46	SSMGX	Sit Small Cap	Pair Corr
0.71	BDJ	Blackrock Enhanced Equity	Pair Corr
0.59	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.55	VLISX	Vanguard Large Cap	Pair Corr
0.53	TRLCX	Tiaa-cref Large-cap	Pair Corr

Related Correlations Analysis

	KMKCX	PRVBX	BXDCX	BBINX	PACEX	TEOJX	AOUNX
KMKCX		0.28	0.42	-0.45	0.13	-0.03	0.73	KMKCX
PRVBX	0.28		0.88	0.23	0.73	0.46	0.69	PRVBX
BXDCX	0.42	0.88		0.28	0.77	0.43	0.83	BXDCX
BBINX	-0.45	0.23	0.28		0.44	0.28	-0.07	BBINX
PACEX	0.13	0.73	0.77	0.44		0.83	0.63	PACEX
TEOJX	-0.03	0.46	0.43	0.28	0.83		0.35	TEOJX
AOUNX	0.73	0.69	0.83	-0.07	0.63	0.35		AOUNX
	KMKCX	PRVBX	BXDCX	BBINX	PACEX	TEOJX	AOUNX

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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

BXDCX	+ 0.88	PRVBX
AOUNX	+ 0.83	BXDCX
TEOJX	+ 0.83	PACEX
PACEX	+ 0.77	BXDCX
AOUNX	+ 0.73	KMKCX
PACEX	+ 0.73	PRVBX

High negative correlations

BBINX	- 0.45	KMKCX
AOUNX	- 0.07	BBINX
TEOJX	- 0.03	KMKCX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Mutual 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 Mutual'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
KMKCX	1.37	0.54	0.32	0.57	1.19	(1.67)	3.57	(2.21)	14.12
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65
BBINX	0.11	(0.01)	(0.43)	(0.13)	0.15	(0.19)	0.29	(0.29)	1.07
PACEX	0.12	0.00	(0.72)	0.33	0.00	(0.22)	0.32	(0.22)	0.97
TEOJX	0.66	(0.02)	0.00	0.40	0.00	0.00	1.76	(1.83)	4.91
AOUNX	0.05	0.01	(1.01)	(0.55)	0.00	(0.22)	0.10	(0.10)	0.61

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