Sit International Correlations

SNGRX Fund

USD 24.91 0.01 0.04%

The current 90-days correlation between Sit International Growth and Angel Oak Financial is 0.2 (i.e., Modest 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

Significant diversification

The correlation between Sit International Growth and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit International 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 International 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 metropolitan statistical area.

Moving together with Sit Mutual Fund

0.94	SSCDX	Sit Small Cap	Pair Corr
0.69	GDGIX	Sit Global Dividend	Pair Corr
0.98	GDGSX	Sit Global Dividend	Pair Corr
0.94	SDFSX	Sit Small Cap	Pair Corr
0.97	SDMGX	Sit Developing Markets	Pair Corr
0.7	SDVSX	Sit Dividend Growth	Pair Corr
0.7	SDVGX	Sit Dividend Growth	Pair Corr
0.69	SESGX	Sit Esg Growth	Pair Corr
0.63	NBNGX	Sit Mid Cap	Pair Corr
0.97	SIBAX	Sit Balanced	Pair Corr
0.69	IESGX	Sit Esg Growth	Pair Corr
0.71	SNIGX	Sit Large Cap	Pair Corr
0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.63	VTIAX	Vanguard Total Inter	Pair Corr
0.63	VTSNX	Vanguard Total Inter	Pair Corr
0.63	VTPSX	Vanguard Total Inter	Pair Corr
0.63	VTISX	Vanguard Total Inter	Pair Corr
0.62	VTMGX	Vanguard Developed	Pair Corr
0.62	VDVIX	Vanguard Developed	Pair Corr
0.62	VTMNX	Vanguard Developed	Pair Corr
0.62	VDIPX	Vanguard Developed	Pair Corr
0.98	PDAIX	Pinebridge Dynamic Asset	Pair Corr
0.71	BALCX	American Balanced	Pair Corr

Related Correlations Analysis

	XFINX	DVFYX	FTIXX	ICFAX	SBFAX	PGFMX	MSVIX
XFINX		-0.48	-0.19	-0.42	-0.4	-0.6	-0.49	XFINX
DVFYX	-0.48		0.71	0.93	0.98	0.98	0.99	DVFYX
FTIXX	-0.19	0.71		0.77	0.64	0.73	0.7	FTIXX
ICFAX	-0.42	0.93	0.77		0.93	0.92	0.94	ICFAX
SBFAX	-0.4	0.98	0.64	0.93		0.93	0.97	SBFAX
PGFMX	-0.6	0.98	0.73	0.92	0.93		0.98	PGFMX
MSVIX	-0.49	0.99	0.7	0.94	0.97	0.98		MSVIX
	XFINX	DVFYX	FTIXX	ICFAX	SBFAX	PGFMX	MSVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSVIX	+ 0.99	DVFYX
SBFAX	+ 0.98	DVFYX
PGFMX	+ 0.98	DVFYX
MSVIX	+ 0.98	PGFMX
MSVIX	+ 0.97	SBFAX
MSVIX	+ 0.94	ICFAX

High negative correlations

PGFMX	- 0.6	XFINX
MSVIX	- 0.49	XFINX
DVFYX	- 0.48	XFINX
ICFAX	- 0.42	XFINX
SBFAX	- 0.4	XFINX
FTIXX	- 0.19	XFINX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XFINX	0.41	(0.03)	0.00	2.26	0.00	0.00	0.77	(1.41)	4.64
DVFYX	0.72	0.15	0.15	0.30	0.57	(0.82)	1.80	(1.32)	5.14
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
ICFAX	0.79	0.05	0.04	0.18	0.85	(0.93)	2.16	(1.88)	5.58
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
PGFMX	0.32	0.06	(0.05)	0.28	0.22	(0.37)	0.77	(0.64)	2.42
MSVIX	0.80	0.09	0.08	0.22	0.77	(0.93)	2.01	(1.73)	5.72

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