Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVSX Fund  USD 16.71  0.01  0.06%   
The current 90-days correlation between Sit Dividend Growth and Sit Dividend Growth is 1.0 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Sit Dividend Growth 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 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 state.

Moving together with Sit Mutual Fund

  0.99SSCDX Sit Small CapPairCorr
  0.99GDGIX Sit Global DividendPairCorr
  0.99GDGSX Sit Global DividendPairCorr
  0.97SSMGX Sit Small CapPairCorr
  0.99SDFSX Sit Small CapPairCorr
  0.99SDMGX Sit Developing MarketsPairCorr
  1.0SDVGX Sit Dividend GrowthPairCorr
  0.99SESGX Sit Esg GrowthPairCorr
  0.97NBNGX Sit Mid CapPairCorr
  1.0SIBAX Sit BalancedPairCorr
  0.99IESGX Sit Esg GrowthPairCorr
  0.68SMTFX Sit Minnesota TaxPairCorr
  1.0SNIGX Sit Large CapPairCorr
  0.97SNGRX Sit International GrowthPairCorr
  0.64SNGVX Sit U SPairCorr
  0.65SNGYX Sit Government SecuritiesPairCorr
  0.82SQIYX Sit Mutual FundsPairCorr
  0.81SQIFX Sit Quality IncomePairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.93FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.7SPMPX Invesco Steelpath MlpPairCorr
  0.71MLPNX Oppenheimer Steelpath MlpPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.69SPMJX Invesco Steelpath MlpPairCorr
  1.0JPGSX Jpmorgan Intrepid GrowthPairCorr

Related Correlations Analysis

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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.

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