Sit U Correlations

Mutual Funds . USA . 
Fund . Sit U S
SNGVX Fund  USD 10.30  0.01  0.1%   
The current 90-days correlation between Sit U S and Tcw Total Return is 0.93 (i.e., Almost no 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

Average diversification

The correlation between Sit U S and DJI is 0.16 (i.e., Average 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 real.

Moving together with Sit Mutual Fund

  0.64SDVSX Sit Dividend GrowthPairCorr
  0.64SDVGX Sit Dividend GrowthPairCorr
  0.65SIBAX Sit BalancedPairCorr
  0.99SNGYX Sit Government SecuritiesPairCorr
  0.93SQIFX Sit Quality IncomePairCorr
  0.88EASDX Eaton Vance ShortPairCorr
  0.95VFIRX Vanguard Short TermPairCorr
  0.95VFISX Vanguard Short TermPairCorr
  0.95VSGBX Vanguard Short TermPairCorr
  0.95VSBIX Vanguard Short TermPairCorr
  0.94VSGDX Vanguard Short TermPairCorr
  0.96FUMBX Fidelity Short TermPairCorr
  0.89ECLDX Eaton Vance ShortPairCorr
  0.89EALDX Eaton Vance ShortPairCorr
  0.88EILDX Eaton Vance ShortPairCorr
  0.61VFFSX Vanguard 500 IndexPairCorr
  0.61VFIAX Vanguard 500 IndexPairCorr
  0.62VTISX Vanguard Total InterPairCorr
  0.61VTSNX Vanguard Total InterPairCorr
  0.62VTPSX Vanguard Total InterPairCorr
  0.61VINIX Vanguard InstitutionalPairCorr

Related Correlations Analysis

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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.

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