Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSCDX Fund  USD 21.03  0.04  0.19%   
The current 90-days correlation between Sit Small Cap and Sit Mid Cap is 0.77 (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

Almost no diversification

The correlation between Sit Small Cap and DJI is 0.93 (i.e., Almost no 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 small area income & poverty estimates.

Moving together with Sit Mutual Fund

  0.87GDGIX Sit Global DividendPairCorr
  0.86GDGSX Sit Global DividendPairCorr
  0.98SSMGX Sit Small CapPairCorr
  1.0SDFSX Sit Small CapPairCorr
  0.93SDMGX Sit Developing MarketsPairCorr
  0.84SDVSX Sit Dividend GrowthPairCorr
  0.84SDVGX Sit Dividend GrowthPairCorr
  0.72SESGX Sit Esg GrowthPairCorr
  0.84NBNGX Sit Mid CapPairCorr
  0.72IESGX Sit Esg GrowthPairCorr
  0.91SMTFX Sit Minnesota TaxPairCorr
  0.93SNGRX Sit International GrowthPairCorr
  0.84SNGVX Sit U SPairCorr
  0.83SNGYX Sit Government SecuritiesPairCorr
  0.8SNTIX Sit Tax FreePairCorr
  0.82SNTYX Sit Tax FreePairCorr
  0.93SQIYX Sit Mutual FundsPairCorr
  0.92SQIFX Sit Quality IncomePairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.94FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.99FTHSX Fuller Thaler BehavioralPairCorr
  0.99FTHNX Fuller Thaler BehavioralPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.87PRVIX T Rowe PricePairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.97BTMPX Ishares Msci EafePairCorr
  0.97BTMKX Blackrock InternationalPairCorr
  0.97MDIIX Blackrock Intern IndexPairCorr
  0.87SPMPX Invesco Steelpath MlpPairCorr
  0.87MLPNX Oppenheimer Steelpath MlpPairCorr
  0.86MLPMX Oppenheimer Steelpath MlpPairCorr
  0.87SPMJX Invesco Steelpath MlpPairCorr
  0.95TEDSX Franklin Mutual GlobalPairCorr

Related Correlations Analysis


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.

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