Sit Mutual Correlations

Mutual Funds . USA . 
Fund . Sit Mutual Funds
SQIYX Fund  USD 9.58  0.01  0.10%   
The current 90-days correlation between Sit Mutual Funds and Doubleline Emerging Markets is 0.21 (i.e., Modest diversification). The correlation of Sit Mutual 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 Mutual Correlation With Market

Significant diversification

The correlation between Sit Mutual Funds and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Mutual Funds 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 Mutual Funds. 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

  0.79SSCDX Sit Small CapPairCorr
  0.81GDGIX Sit Global DividendPairCorr
  0.81GDGSX Sit Global DividendPairCorr
  0.72SSMGX Sit Small CapPairCorr
  0.79SDFSX Sit Small CapPairCorr
  0.78SDMGX Sit Developing MarketsPairCorr
  0.82SDVSX Sit Dividend GrowthPairCorr
  0.82SDVGX Sit Dividend GrowthPairCorr
  0.8SESGX Sit Esg GrowthPairCorr
  0.71NBNGX Sit Mid CapPairCorr
  0.82SIBAX Sit BalancedPairCorr
  0.8IESGX Sit Esg GrowthPairCorr
  0.65SMTFX Sit Minnesota TaxPairCorr
  0.79SNIGX Sit Large CapPairCorr
  0.77SNGRX Sit International GrowthPairCorr
  0.92SNGVX Sit U SPairCorr
  0.92SNGYX Sit Government SecuritiesPairCorr
  0.99SQIFX Sit Quality IncomePairCorr
  0.9VBIRX Vanguard Short TermPairCorr
  0.89VFSUX Vanguard Short TermPairCorr
  0.97VFSIX Vanguard Short TermPairCorr
  0.97VFSTX Vanguard Short TermPairCorr
  0.99VBITX Vanguard Short TermPairCorr
  0.99VBISX Vanguard Short TermPairCorr
  0.94LALDX Lord Abbett ShortPairCorr
  0.95VSCSX Vanguard Short TermPairCorr
  0.95LDLAX Lord Abbett ShortPairCorr
  0.94LDLRX Lord Abbett ShortPairCorr
  0.7NHS Neuberger Berman HighPairCorr
  0.85QGRCX Oppenheimer Gbl AllocPairCorr
  0.78HWSZX Hotchkis Wiley SmallPairCorr
  0.79BUFDX Buffalo Dividend FocusPairCorr
  0.78BGEHX Baillie Gifford EmergingPairCorr
  0.77THIGX Thornburg E GrowthPairCorr
  0.84CCLFX Cliffwater CorporatePairCorr
  0.8TRFZX T Rowe PricePairCorr
  0.78FHJVX Fidelity EuropePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Mutual 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 Mutual'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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