Sit Tax Correlations

SNTYX Fund

USD 8.28 0.01 0.12%

The current 90-days correlation between Sit Tax Free and Fpa Queens Road is 0.05 (i.e., Significant diversification). The correlation of Sit Tax 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sit Tax Free Income. 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

0.8	SMTFX	Sit Minnesota Tax	Pair Corr
0.86	SNTIX	Sit Tax Free	Pair Corr
0.84	AFTEX	Tax Exempt Bond	Pair Corr
0.74	AFTFX	Tax Exempt Bond	Pair Corr
0.64	TEBCX	Tax Exempt Bond	Pair Corr
0.82	MDNLX	Blackrock National	Pair Corr
0.81	MFNLX	Blackrock Natl Muni	Pair Corr

Moving against Sit Mutual Fund

0.41	PQTIX	Aa Pimco Tr	Pair Corr
0.4	WARCX	Wells Fargo Advantage	Pair Corr
0.38	GPMFX	Guidepath Managed Futures	Pair Corr
0.35	PQTNX	Pimco Trends Managed	Pair Corr
0.34	PQTAX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	QRSAX	QRSVX	LRSOX	AVCNX	VVSCX	HRVIX	GSXPX	VISVX
QRSAX		0.5	0.97	0.97	0.96	0.48	0.49	0.99	QRSAX
QRSVX	0.5		0.52	0.53	0.54	0.98	0.98	0.48	QRSVX
LRSOX	0.97	0.52		0.99	1.0	0.52	0.53	0.96	LRSOX
AVCNX	0.97	0.53	0.99		0.98	0.52	0.53	0.97	AVCNX
VVSCX	0.96	0.54	1.0	0.98		0.55	0.56	0.96	VVSCX
HRVIX	0.48	0.98	0.52	0.52	0.55		0.99	0.47	HRVIX
GSXPX	0.49	0.98	0.53	0.53	0.56	0.99		0.48	GSXPX
VISVX	0.99	0.48	0.96	0.97	0.96	0.47	0.48		VISVX
	QRSAX	QRSVX	LRSOX	AVCNX	VVSCX	HRVIX	GSXPX	VISVX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Tax 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 Tax'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
QRSAX	0.75	0.12	0.13	0.31	0.50	(0.95)	2.02	(1.39)	5.38
QRSVX	0.72	0.28	0.10	(1.61)	0.49	(0.87)	1.92	(0.96)	5.36
LRSOX	0.88	0.28	0.08	(1.94)	0.79	(1.04)	2.37	(1.71)	6.53
AVCNX	0.94	0.30	0.09	(1.15)	0.77	(1.15)	2.49	(1.52)	6.37
VVSCX	0.91	0.26	0.06	(1.32)	0.87	(1.12)	2.26	(1.77)	5.89
HRVIX	0.88	0.23	0.04	(1.66)	0.81	(1.04)	2.02	(1.30)	6.54
GSXPX	0.85	0.25	0.06	(2.16)	0.74	(1.09)	2.12	(1.22)	6.17
VISVX	0.84	0.08	0.08	0.24	0.76	(0.96)	2.09	(1.59)	6.43

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Sit Tax Correlations

Moving together with Sit Mutual Fund

Moving against Sit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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