Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSCDX Fund  USD 17.76  0.03  0.17%   
The current 90-days correlation between Sit Small Cap and John Hancock Financial is 0.66 (i.e., Poor diversification). The correlation of Sit Small 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 Small Correlation With Market

Very poor diversification

The correlation between Sit Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Small Cap 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 Small Cap. 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 unemployment.

Moving together with Sit Mutual Fund

  0.99GDGIX Sit Global DividendPairCorr
  0.99GDGSX Sit Global DividendPairCorr
  0.99SSMGX Sit Small CapPairCorr
  1.0SDFSX Sit Small CapPairCorr
  0.98SDMGX Sit Developing MarketsPairCorr
  0.99SDVSX Sit Dividend GrowthPairCorr
  0.99SDVGX Sit Dividend GrowthPairCorr
  0.98SESGX Sit Esg GrowthPairCorr
  0.98NBNGX Sit Mid CapPairCorr
  0.99SIBAX Sit BalancedPairCorr
  0.98IESGX Sit Esg GrowthPairCorr
  0.71SMTFX Sit Minnesota TaxPairCorr
  0.99SNIGX Sit Large CapPairCorr
  0.96SNGRX Sit International GrowthPairCorr
  0.79SQIYX Sit Mutual FundsPairCorr
  0.77SQIFX Sit Quality IncomePairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  1.0FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.94ADNCX American Beacon Ark Steady GrowthPairCorr
  0.98ACP Aberdeen Income CreditPairCorr
  0.98THDRX Thornburg DevelopingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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