Sit Balanced Correlations

Mutual Funds . USA . 
Fund . Sit Balanced Fund
SIBAX Fund  USD 36.97  0.01  0.03%   
The current 90-days correlation between Sit Balanced and Value Line Asset is 0.74 (i.e., Poor diversification). The correlation of Sit Balanced 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 Balanced Correlation With Market

Very poor diversification

The correlation between Sit Balanced Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Balanced Fund 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 Balanced Fund. 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 nation.

Moving together with Sit Mutual Fund

  0.97SSCDX Sit Small CapPairCorr
  0.98GDGIX Sit Global DividendPairCorr
  0.98GDGSX Sit Global DividendPairCorr
  0.97SSMGX Sit Small CapPairCorr
  0.97SDFSX Sit Small CapPairCorr
  0.99SDMGX Sit Developing MarketsPairCorr
  0.98SDVSX Sit Dividend GrowthPairCorr
  0.98SDVGX Sit Dividend GrowthPairCorr
  0.98SESGX Sit Esg GrowthPairCorr
  0.96NBNGX Sit Mid CapPairCorr
  0.98IESGX Sit Esg GrowthPairCorr
  0.68SMTFX Sit Minnesota TaxPairCorr
  1.0SNIGX Sit Large CapPairCorr
  0.97SNGRX Sit International GrowthPairCorr
  0.65SNGVX Sit U SPairCorr
  0.65SNGYX Sit Government SecuritiesPairCorr
  0.82SQIYX Sit Mutual FundsPairCorr
  0.82SQIFX Sit Quality IncomePairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.98ABALX American BalancedPairCorr
  0.98BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.99RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  1.0FTYPX Fidelity Freedom IndexPairCorr
  0.99FFBTX Fidelity Freedom BlendPairCorr
  0.77GAAVX Gmo Alternative AlloPairCorr
  0.95GCAVX Gmo Small CapPairCorr
  0.99GQLOX Gmo Quality FundPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  0.98GMCQX Gmo Equity AllocationPairCorr
  0.98CYBIX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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