Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVSX Fund  USD 17.54  0.16  0.92%   
The current 90-days correlation between Sit Dividend Growth and Sit Dividend Growth is 1.0 (i.e., No risk reduction). The correlation of Sit Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Sit Dividend Growth 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 Dividend Growth 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 Dividend Growth. 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 main economic indicators.

Moving together with Sit Mutual Fund

  0.96SSCDX Sit Small CapPairCorr
  0.96GDGIX Sit Global DividendPairCorr
  0.96GDGSX Sit Global DividendPairCorr
  0.98SSMGX Sit Small CapPairCorr
  0.96SDFSX Sit Small CapPairCorr
  0.97SDMGX Sit Developing MarketsPairCorr
  1.0SDVGX Sit Dividend GrowthPairCorr
  0.99SESGX Sit Esg GrowthPairCorr
  0.95NBNGX Sit Mid CapPairCorr
  0.99SIBAX Sit BalancedPairCorr
  0.99IESGX Sit Esg GrowthPairCorr
  0.97SNIGX Sit Large CapPairCorr
  0.9SNGRX Sit International GrowthPairCorr
  0.83SNGVX Sit U SPairCorr
  0.85SNGYX Sit Government SecuritiesPairCorr
  0.88SQIYX Sit Mutual FundsPairCorr
  0.91SQIFX Sit Quality IncomePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.92PDI Pimco Dynamic IncomePairCorr
  0.95FTCAX Templeton Strained BondPairCorr

Moving against Sit Mutual Fund

  0.95USPSX Profunds UltrashortPairCorr
  0.95USPIX Profunds UltrashortPairCorr
  0.89UIPIX Ultrashort Mid CapPairCorr
  0.85TCSUX Cleartrack 2020 ClassPairCorr
  0.84TCTGX Transamerica CleartrackPairCorr
  0.84TCTJX Transamerica CleartrackPairCorr
  0.83TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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