Sit International Correlations

Mutual Funds . USA . 
Fund . Sit International Equity
SEFCX Fund  USD 13.48  0.01  0.07%   
The current 90-days correlation between Sit International Equity and Sit Emerging Markets is 0.61 (i.e., Poor diversification). The correlation of Sit International 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 International Correlation With Market

Good diversification

The correlation between Sit International Equity and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit International Equity 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 International Equity. 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 main economic indicators.

Moving together with Sit Mutual Fund

  0.87SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.82SSCGX Simt Small CapPairCorr
  0.89SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.8SSMAX Siit Small MidPairCorr
  0.67TFCAX Tax Free ConservativePairCorr
  0.68TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.92SBDAX Stet California MunicipalPairCorr
  0.92STDAX Saat Defensive StrategyPairCorr
  0.92ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.92STMPX Simt Tax ManagedPairCorr
  0.92STMSX Simt Tax ManagedPairCorr
  0.94STVYX Simt Tax ManagedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.93SCLAX Simt Multi AssetPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.73SCYYX Stet California MunicipalPairCorr
  0.93SUMAX Stet Short DurationPairCorr
  0.8SUSYX Simt Managed VolatilityPairCorr
  0.84SUSAX Siit Ultra ShortPairCorr
  0.85SDLAX Siit Dynamic AssetPairCorr
  0.93SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.8SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit International 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 International'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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