Sit Small Correlations

SSCDX Fund

USD 18.63 0.23 1.25%

The current 90-days correlation between Sit Small Cap and Sit Global Dividend is 0.78 (i.e., Poor diversification). The correlation of Sit Small 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 Small Correlation With Market

Very poor diversification

The correlation between Sit Small Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Small 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 Small 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 unemployment.

Moving together with Sit Mutual Fund

0.78	GDGIX	Sit Global Dividend	Pair Corr
0.78	GDGSX	Sit Global Dividend	Pair Corr
0.98	SSMGX	Sit Small Cap	Pair Corr
0.94	SDFSX	Sit Small Cap	Pair Corr
0.66	SDMGX	Sit Developing Markets	Pair Corr
0.89	SDVSX	Sit Dividend Growth	Pair Corr
0.89	SDVGX	Sit Dividend Growth	Pair Corr
0.84	SESGX	Sit Esg Growth	Pair Corr
0.98	NBNGX	Sit Mid Cap	Pair Corr
0.95	SIBAX	Sit Balanced	Pair Corr
0.91	IESGX	Sit Esg Growth	Pair Corr
0.9	SNIGX	Sit Large Cap	Pair Corr
0.92	VSMAX	Vanguard Small Cap	Pair Corr
0.92	VSCIX	Vanguard Small Cap	Pair Corr
0.92	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.89	FSSNX	Fidelity Small Cap	Pair Corr
0.9	DFSTX	Us Small Cap	Pair Corr
0.95	PASVX	T Rowe Price	Pair Corr
0.89	PRVIX	T Rowe Price	Pair Corr
0.89	TRZVX	T Rowe Price	Pair Corr
0.95	PRSVX	T Rowe Price	Pair Corr
0.82	FTCAX	Templeton Strained Bond	Pair Corr
0.86	PYAIX	Payden Absolute Return	Pair Corr
0.85	PYARX	Payden Absolute Return	Pair Corr
0.8	BCAAX	Brandywineglobal C	Pair Corr
0.85	SMAPX	Salient Mlp Energy	Pair Corr

Moving against Sit Mutual Fund

0.71	SNGVX	Sit U S	Pair Corr
0.66	SNGYX	Sit Government Securities	Pair Corr
0.55	SQIFX	Sit Quality Income	Pair Corr
0.49	SQIYX	Sit Mutual Funds	Pair Corr
0.98	UIPIX	Ultrashort Mid Cap	Pair Corr
0.95	USPSX	Profunds Ultrashort	Pair Corr
0.94	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	SSCDX	GDGIX	GDGSX	SSMGX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX
SSCDX		0.78	0.78	0.98	0.66	0.89	0.89	0.84	0.98	SSCDX
GDGIX	0.78		1.0	0.84	0.77	0.77	0.77	0.78	0.78	GDGIX
GDGSX	0.78	1.0		0.84	0.77	0.76	0.76	0.78	0.78	GDGSX
SSMGX	0.98	0.84	0.84		0.75	0.86	0.86	0.82	0.97	SSMGX
SDMGX	0.66	0.77	0.77	0.75		0.67	0.67	0.65	0.71	SDMGX
SDVSX	0.89	0.77	0.76	0.86	0.67		1.0	0.96	0.9	SDVSX
SDVGX	0.89	0.77	0.76	0.86	0.67	1.0		0.96	0.9	SDVGX
SESGX	0.84	0.78	0.78	0.82	0.65	0.96	0.96		0.83	SESGX
NBNGX	0.98	0.78	0.78	0.97	0.71	0.9	0.9	0.83		NBNGX
	SSCDX	GDGIX	GDGSX	SSMGX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Small 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 Small'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
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
GDGSX	0.55	(0.07)	(0.13)	0.03	0.75	(0.55)	1.03	(1.52)	3.22
SSMGX	0.81	(0.03)	0.00	0.10	1.09	(0.83)	1.98	(1.78)	5.86
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

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