Sit Government Correlations

Mutual Funds . USA . 
Fund . Sit Government Securities
SNGYX Fund  USD 10.30  0.02  0.19%   
The current 90-days correlation between Sit Government Securities and World Precious Minerals is 0.24 (i.e., Modest diversification). The correlation of Sit Government 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 Government Correlation With Market

Average diversification

The correlation between Sit Government Securities and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Government Securities 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 Government Securities. 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 manufacturing.

Moving together with Sit Mutual Fund

  0.61GDGIX Sit Global DividendPairCorr
  0.61GDGSX Sit Global DividendPairCorr
  0.65SDVSX Sit Dividend GrowthPairCorr
  0.65SDVGX Sit Dividend GrowthPairCorr
  0.65SIBAX Sit BalancedPairCorr
  0.61SNIGX Sit Large CapPairCorr
  0.94SQIFX Sit Quality IncomePairCorr
  0.89EASDX Eaton Vance ShortPairCorr
  0.95VFIRX Vanguard Short TermPairCorr
  0.95VFISX Vanguard Short TermPairCorr
  0.95VSGBX Vanguard Short TermPairCorr
  0.96VSBIX Vanguard Short TermPairCorr
  0.94VSGDX Vanguard Short TermPairCorr
  0.97FUMBX Fidelity Short TermPairCorr
  0.9ECLDX Eaton Vance ShortPairCorr
  0.9EALDX Eaton Vance ShortPairCorr
  0.88EILDX Eaton Vance ShortPairCorr
  0.61VSTSX Vanguard Total StockPairCorr
  0.61VSMPX Vanguard Total StockPairCorr
  0.61VITSX Vanguard Total StockPairCorr
  0.61VFFSX Vanguard 500 IndexPairCorr
  0.61VFIAX Vanguard 500 IndexPairCorr
  0.62VTISX Vanguard Total InterPairCorr
  0.62VTSNX Vanguard Total InterPairCorr
  0.62VTPSX Vanguard Total InterPairCorr
  0.61VINIX Vanguard InstitutionalPairCorr
  0.61VFINX Vanguard 500 IndexPairCorr
  0.64ROGSX Red Oak TechnologyPairCorr

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 Government 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 Government'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