Sit Emerging Correlations

Mutual Funds . USA . 
Fund . Sit Emerging Markets
SITEX Fund  USD 9.28  0.06  0.65%   
The current 90-days correlation between Sit Emerging Markets and Fidelity Advisor Health is 0.33 (i.e., Weak diversification). The correlation of Sit Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Sit Emerging Markets and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Emerging Markets 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 Emerging Markets. 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 national income and product accounts.

Moving together with Sit Mutual Fund

  0.96SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.94SRYRX Simt Real ReturnPairCorr
  0.9SSCGX Simt Small CapPairCorr
  0.9SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.87SSMAX Siit Small MidPairCorr
  0.92TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.96ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.89STMPX Simt Tax ManagedPairCorr
  0.89STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.92SCFYX Simt E FixedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.9CFVAX Catholic Values FixedPairCorr
  0.92SCOAX Siit E FixedPairCorr
  0.9CFVYX Catholic Values FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.92SCXIX Sei Insti MgdPairCorr
  0.97SCYYX Stet California MunicipalPairCorr
  0.96SUMAX Stet Short DurationPairCorr
  0.86SUSYX Simt Managed VolatilityPairCorr
  0.95SUSAX Siit Ultra ShortPairCorr
  0.95SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.92SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.85SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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