Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSCDX Fund  USD 19.05  0.29  1.55%   
The current 90-days correlation between Sit Small Cap and Moderate Balanced Allocation is 0.52 (i.e., Very weak 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

Poor diversification

The correlation between Sit Small Cap and DJI is 0.78 (i.e., 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 small area income & poverty estimates.

Moving together with Sit Mutual Fund

  0.85GDGIX Sit Global DividendPairCorr
  0.85GDGSX Sit Global DividendPairCorr
  0.92SSMGX Sit Small CapPairCorr
  1.0SDFSX Sit Small CapPairCorr
  0.79SDVSX Sit Dividend GrowthPairCorr
  0.79SDVGX Sit Dividend GrowthPairCorr
  0.8SESGX Sit Esg GrowthPairCorr
  0.85NBNGX Sit Mid CapPairCorr
  0.82SIBAX Sit BalancedPairCorr
  0.8IESGX Sit Esg GrowthPairCorr
  0.79SNIGX Sit Large CapPairCorr
  0.61SNGRX Sit International GrowthPairCorr
  0.68SQIYX Sit Mutual FundsPairCorr
  0.71SQIFX Sit Quality IncomePairCorr
  0.95VSMAX Vanguard Small CapPairCorr
  0.95VSCIX Vanguard Small CapPairCorr
  0.94VSCPX Vanguard Small CapPairCorr
  0.95NAESX Vanguard Small CapPairCorr
  0.91FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.97FTHSX Fuller Thaler BehavioralPairCorr
  0.97FTHNX Fuller Thaler BehavioralPairCorr
  0.87PASVX T Rowe PricePairCorr
  0.87PRVIX T Rowe PricePairCorr
  0.85VSTSX Vanguard Total StockPairCorr
  0.86VSMPX Vanguard Total StockPairCorr
  0.86VITSX Vanguard Total StockPairCorr
  0.83VFFSX Vanguard 500 IndexPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.86VTSAX Vanguard Total StockPairCorr
  0.86VTSNX Vanguard Total InterPairCorr
  0.86VTISX Vanguard Total InterPairCorr
  0.86VTPSX Vanguard Total InterPairCorr

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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