Sit Quality Correlations

Mutual Funds USA . 
Fund . Sit Quality Income
SQIFX Fund  USD 9.57  0.01  0.10%   
The current 90-days correlation between Sit Quality Income and Sit Small Cap is -0.07 (i.e., Good diversification). The correlation of Sit Quality 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 Quality Correlation With Market

Significant diversification

The correlation between Sit Quality Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Quality Income 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 Quality 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 census.

Moving together with Sit Mutual Fund

  0.77SSCDX Sit Small CapPairCorr
  0.79GDGIX Sit Global DividendPairCorr
  0.79GDGSX Sit Global DividendPairCorr
  0.7SSMGX Sit Small CapPairCorr
  0.77SDFSX Sit Small CapPairCorr
  0.77SDMGX Sit Developing MarketsPairCorr
  0.81SDVSX Sit Dividend GrowthPairCorr
  0.81SDVGX Sit Dividend GrowthPairCorr
  0.78SESGX Sit Esg GrowthPairCorr
  0.69NBNGX Sit Mid CapPairCorr
  0.81SIBAX Sit BalancedPairCorr
  0.78IESGX Sit Esg GrowthPairCorr
  0.61SMTFX Sit Minnesota TaxPairCorr
  0.78SNIGX Sit Large CapPairCorr
  0.76SNGRX Sit International GrowthPairCorr
  0.93SNGVX Sit U SPairCorr
  0.94SNGYX Sit Government SecuritiesPairCorr
  0.99SQIYX Sit Mutual FundsPairCorr
  0.9VBIRX Vanguard Short TermPairCorr
  0.9VFSUX Vanguard Short TermPairCorr
  0.97VFSIX Vanguard Short TermPairCorr
  0.97VFSTX Vanguard Short TermPairCorr
  0.99VBITX Vanguard Short TermPairCorr
  0.99VBISX Vanguard Short TermPairCorr
  0.92LALDX Lord Abbett ShortPairCorr
  0.95VSCSX Vanguard Short TermPairCorr
  0.95LDLAX Lord Abbett ShortPairCorr
  0.92LDLRX Lord Abbett ShortPairCorr
  0.78BRUFX Bruce Fund BrucePairCorr
  0.77SPGSX State Street PremierPairCorr
  0.88KF Korea ClosedPairCorr
  0.66MGGNX Mirova Global GreenPairCorr
  0.68AVEAX Ave Maria FocusedPairCorr
  0.81VBAIX Vanguard Balanced IndexPairCorr

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 Quality 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 Quality'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSCDX  0.75  0.12  0.11  0.25  0.67 
(0.89)
 2.24 
(1.41)
 5.93 
GDGIX  0.50  0.08  0.05  0.25  0.34 
(0.56)
 1.80 
(1.04)
 3.24 
GDGSX  0.50  0.08  0.05  0.25  0.34 
(0.56)
 1.80 
(1.04)
 3.24 
SSMGX  0.81  0.12  0.12  0.25  0.67 
(1.00)
 2.22 
(1.22)
 6.30 
SDFSX  0.74  0.12  0.12  0.26  0.64 
(0.86)
 2.18 
(1.47)
 5.81 
SDMGX  0.58  0.26  0.32  0.64  0.00 
(0.80)
 1.86 
(0.68)
 4.65 
SDVSX  0.58  0.09  0.09  0.25  0.46 
(0.68)
 1.73 
(0.93)
 4.48 
SDVGX  0.58  0.09  0.09  0.25  0.49 
(0.68)
 1.78 
(0.98)
 4.50 
SESGX  0.57  0.11  0.09  0.29  0.44 
(0.67)
 1.96 
(1.21)
 3.57 
NBNGX  0.80  0.13  0.13  0.26  0.60 
(0.89)
 2.47 
(1.43)
 5.85 

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