Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSMGX Fund  USD 72.58  0.81  1.10%   
The current 90-days correlation between Sit Small Cap and Nuveen Real Estate is 0.34 (i.e., 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

Almost no diversification

The correlation between Sit Small Cap and DJI is 0.92 (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 price.

Moving together with Sit Mutual Fund

  0.98SSCDX Sit Small CapPairCorr
  0.89GDGIX Sit Global DividendPairCorr
  0.89GDGSX Sit Global DividendPairCorr
  0.97SDFSX Sit Small CapPairCorr
  0.87SDMGX Sit Developing MarketsPairCorr
  0.95SDVSX Sit Dividend GrowthPairCorr
  0.95SDVGX Sit Dividend GrowthPairCorr
  0.83SESGX Sit Esg GrowthPairCorr
  0.94NBNGX Sit Mid CapPairCorr
  0.83SIBAX Sit BalancedPairCorr
  0.83IESGX Sit Esg Growth Potential GrowthPairCorr
  0.87SMTFX Sit Minnesota TaxPairCorr
  0.75SNIGX Sit Large CapPairCorr
  0.91SNGRX Sit International GrowthPairCorr
  0.81SNGVX Sit U SPairCorr
  0.78SNGYX Sit Government SecuritiesPairCorr
  0.69SNTIX Sit Tax FreePairCorr
  0.66SNTYX Sit Tax FreePairCorr
  0.86SQIYX Sit Mutual FundsPairCorr
  0.86SQIFX Sit Quality IncomePairCorr
  0.92PAMCX T Rowe PricePairCorr
  0.84RRMGX T Rowe PricePairCorr
  0.87PEMGX Midcap Fund ClassPairCorr
  0.87PMBCX Midcap Fund ClassPairCorr
  0.92TRQZX T Rowe PricePairCorr
  0.9PRJIX T Rowe PricePairCorr
  0.85RPMGX T Rowe PricePairCorr
  0.96TRUZX T Rowe PricePairCorr
  0.87JGRCX Janus EnterprisePairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.92FSPPX Fa529 Sm CpPairCorr
  0.8FWBCX American Funds CapitalPairCorr
  0.95GMWPX Goldman Sachs LocalPairCorr
  0.94FSBCX Federated Global AllPairCorr
  0.96PEIYX Putnam Equity IncomePairCorr
  0.94RNRPX American Funds RetirementPairCorr
  0.96FFARX Franklin Founding FundsPairCorr

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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