Sit U Correlations

SNGVX Fund

USD 10.44 0.01 0.1%

The current 90-days correlation between Sit U S and Parametric Emerging Markets is -0.09 (i.e., Good diversification). The correlation of Sit U 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 U Correlation With Market

Good diversification

The correlation between Sit U S and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit U S 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 U S. 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 unemployment.

Moving together with Sit Mutual Fund

0.62	SIBAX	Sit Balanced	Pair Corr
0.78	SMTFX	Sit Minnesota Tax	Pair Corr
0.86	SNGYX	Sit Government Securities	Pair Corr
0.75	SNTIX	Sit Tax Free	Pair Corr
0.74	SNTYX	Sit Tax Free	Pair Corr
0.72	SQIYX	Sit Mutual Funds	Pair Corr
0.81	SQIFX	Sit Quality Income	Pair Corr
0.89	VFIRX	Vanguard Short Term	Pair Corr
0.89	VFISX	Vanguard Short Term	Pair Corr
0.92	VSBIX	Vanguard Short Term	Pair Corr
0.89	VSGDX	Vanguard Short Term	Pair Corr
0.91	VSGBX	Vanguard Short Term	Pair Corr
0.92	FUMBX	Fidelity Short Term	Pair Corr
0.82	ECLDX	Eaton Vance Short	Pair Corr
0.81	EALDX	Eaton Vance Short	Pair Corr
0.82	EILDX	Eaton Vance Short	Pair Corr
0.82	EASDX	Eaton Vance Short	Pair Corr
0.71	NBCRX	American Funds Retirement	Pair Corr
0.73	PWRAX	Power Income	Pair Corr
0.64	FIWCX	Fidelity Sai Interna	Pair Corr
0.8	MSTVX	Morningstar Alternatives	Pair Corr

Moving against Sit Mutual Fund

0.45

NHS

Neuberger Berman High

Pair Corr

Related Correlations Analysis

	EAEMX	RIVBX	BLYYX	SRV	SKSEX	LMIYX	WAEMX	TPIAX	TARKX
EAEMX		-0.11	0.82	-0.4	0.09	0.46	0.45	0.44	0.76	EAEMX
RIVBX	-0.11		0.32	0.46	0.57	0.04	0.2	0.55	0.05	RIVBX
BLYYX	0.82	0.32		-0.28	0.35	0.54	0.52	0.71	0.85	BLYYX
SRV	-0.4	0.46	-0.28		-0.15	-0.38	-0.38	-0.11	-0.63	SRV
SKSEX	0.09	0.57	0.35	-0.15		0.26	0.32	0.51	0.27	SKSEX
LMIYX	0.46	0.04	0.54	-0.38	0.26		0.46	0.44	0.53	LMIYX
WAEMX	0.45	0.2	0.52	-0.38	0.32	0.46		0.33	0.59	WAEMX
TPIAX	0.44	0.55	0.71	-0.11	0.51	0.44	0.33		0.61	TPIAX
TARKX	0.76	0.05	0.85	-0.63	0.27	0.53	0.59	0.61		TARKX
	EAEMX	RIVBX	BLYYX	SRV	SKSEX	LMIYX	WAEMX	TPIAX	TARKX

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

TARKX	+ 0.85	BLYYX
BLYYX	+ 0.82	EAEMX
TARKX	+ 0.76	EAEMX
TPIAX	+ 0.71	BLYYX
TARKX	+ 0.61	TPIAX
TARKX	+ 0.59	WAEMX

High negative correlations

TARKX	- 0.63	SRV
SRV	- 0.4	EAEMX
WAEMX	- 0.38	SRV
LMIYX	- 0.38	SRV
SRV	- 0.28	BLYYX
SKSEX	- 0.15	SRV

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit U 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 U'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
EAEMX	0.39	0.04	(0.01)	0.16	0.47	(0.40)	0.83	(0.63)	2.69
RIVBX	0.62	0.00	0.00	0.00	0.00	0.00	1.16	(1.51)	3.67
BLYYX	0.78	0.00	0.00	0.07	1.08	(0.80)	1.63	(1.92)	4.63
SRV	0.84	(0.09)	0.00	(0.27)	0.00	0.00	1.39	(2.00)	5.03
SKSEX	0.76	(0.03)	(0.02)	0.04	0.93	(0.81)	1.93	(1.75)	4.62
LMIYX	1.33	0.17	0.05	(2.33)	1.61	(1.36)	2.80	(2.77)	7.50
WAEMX	0.67	(0.01)	(0.08)	0.02	0.72	(0.86)	1.40	(1.08)	3.93
TPIAX	0.58	(0.01)	(0.03)	0.06	0.72	(0.61)	1.17	(1.12)	3.47
TARKX	1.41	0.17	0.06	1.14	1.77	(1.54)	2.75	(2.83)	8.19

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