Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVGX Fund  USD 16.83  0.01  0.06%   
The current 90-days correlation between Sit Dividend Growth and Matthews Asia Dividend is -0.22 (i.e., Very good diversification). The correlation of Sit Dividend 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 Dividend Correlation With Market

Good diversification

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

  0.99SSCDX Sit Small CapPairCorr
  0.99GDGIX Sit Global DividendPairCorr
  0.99GDGSX Sit Global DividendPairCorr
  0.96SSMGX Sit Small CapPairCorr
  0.99SDFSX Sit Small CapPairCorr
  0.98SDMGX Sit Developing MarketsPairCorr
  1.0SDVSX Sit Dividend GrowthPairCorr
  0.99SESGX Sit Esg GrowthPairCorr
  0.97NBNGX Sit Mid CapPairCorr
  0.98SIBAX Sit BalancedPairCorr
  0.99IESGX Sit Esg GrowthPairCorr
  0.68SMTFX Sit Minnesota TaxPairCorr
  0.98SNIGX Sit Large CapPairCorr
  0.96SNGRX Sit International GrowthPairCorr
  0.63SNGVX Sit U SPairCorr
  0.64SNGYX Sit Government SecuritiesPairCorr
  0.82SQIYX Sit Mutual FundsPairCorr
  0.82SQIFX Sit Quality IncomePairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.67MLPNX Oppenheimer Steelpath MlpPairCorr
  0.65MLPMX Oppenheimer Steelpath MlpPairCorr
  0.69SPMJX Invesco Steelpath MlpPairCorr
  0.98JPGSX Jpmorgan Intrepid GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Dividend 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 Dividend'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MIPIX  0.47  0.16  0.12  0.55  0.00 
(0.56)
 1.51 
(0.79)
 3.66 
SDVSX  0.59  0.22  0.11 (3.11) 0.46 
(0.70)
 1.73 
(0.93)
 4.48 
SSCDX  0.76  0.29  0.13 (1.44) 0.67 
(0.89)
 2.24 
(1.41)
 5.93 
GDGIX  0.50  0.19  0.07 (3.69) 0.33 
(0.57)
 1.80 
(1.04)
 3.24 
GDGSX  0.50  0.19  0.07 (3.61) 0.33 
(0.57)
 1.80 
(1.04)
 3.24 
SSMGX  0.81  0.12  0.12  0.25  0.67 
(1.00)
 2.22 
(1.22)
 6.30 
SDFSX  0.75  0.28  0.13 (1.52) 0.64 
(0.86)
 2.18 
(1.47)
 5.81 
SDMGX  0.58  0.26  0.32  0.64  0.00 
(0.80)
 1.86 
(0.68)
 4.65 
SDVGX  0.59  0.22  0.10 (2.91) 0.49 
(0.70)
 1.78 
(0.98)
 4.50 
SESGX  0.58  0.23  0.11 (3.22) 0.43 
(0.68)
 1.96 
(1.21)
 3.57 

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