Sit Minnesota Correlations

Mutual Funds . USA . 
Fund . Sit Minnesota Tax Free
SMTFX Fund  USD 9.01  0.03  0.33%   
The current 90-days correlation between Sit Minnesota Tax and Pgim Jennison Technology is 0.27 (i.e., Modest diversification). The correlation of Sit Minnesota 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 Minnesota Correlation With Market

Modest diversification

The correlation between Sit Minnesota Tax Free and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Minnesota Tax Free 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 Minnesota Tax Free. 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 census.

Moving together with Sit Mutual Fund

  0.7SSCDX Sit Small CapPairCorr
  0.68GDGIX Sit Global DividendPairCorr
  0.68GDGSX Sit Global DividendPairCorr
  0.71SSMGX Sit Small CapPairCorr
  0.7SDFSX Sit Small CapPairCorr
  0.65SDMGX Sit Developing MarketsPairCorr
  0.68SDVSX Sit Dividend GrowthPairCorr
  0.68SDVGX Sit Dividend GrowthPairCorr
  0.67SESGX Sit Esg GrowthPairCorr
  0.71NBNGX Sit Mid CapPairCorr
  0.68SIBAX Sit BalancedPairCorr
  0.67IESGX Sit Esg GrowthPairCorr
  0.67SNIGX Sit Large CapPairCorr
  0.66SNGRX Sit International GrowthPairCorr
  0.85SNTIX Sit Tax FreePairCorr
  0.83SNTYX Sit Tax FreePairCorr
  0.65SQIYX Sit Mutual FundsPairCorr
  0.63SQIFX Sit Quality IncomePairCorr
  0.89FKTDX Franklin Minnesota TaxPairCorr
  0.97FMNZX Franklin Minnesota TaxPairCorr
  0.96FMNQX Franklin Minnesota TaxPairCorr
  0.96FMNIX Franklin Minnesota TaxPairCorr
  0.89FMINX Franklin Minnesota TaxPairCorr
  0.88RMTCX Columbia Minnesota TaxPairCorr
  0.97CMNYX Columbia Minnesota TaxPairCorr
  0.98CMNZX Columbia Minnesota TaxPairCorr
  0.97CADOX Columbia Minnesota TaxPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.67VTSMX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr
  0.67VFFSX Vanguard 500 IndexPairCorr
  0.67VGTSX Vanguard Total InterPairCorr
  0.67VTIAX Vanguard Total InterPairCorr

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 Minnesota 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 Minnesota'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY