Sit Us Correlations

SNGYX Fund

USD 10.52 0.03 0.29%

The current 90-days correlation between Sit Government Securities and Ab Municipal Bond is 0.15 (i.e., Average diversification). The correlation of Sit Us 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 Us Correlation With Market

Good diversification

The correlation between Sit Government Securities and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Government Securities 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 Government Securities. 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 population.

Moving together with Sit Mutual Fund

0.62	SDVSX	Sit Dividend Growth	Pair Corr
0.62	SNGVX	Sit U S	Pair Corr
0.76	VSBIX	Vanguard Short Term	Pair Corr
0.76	VSGDX	Vanguard Short Term	Pair Corr
0.62	FUMBX	Fidelity Short Term	Pair Corr
0.95	MBOYX	Madison E Bond	Pair Corr
0.61	TBLGX	T Rowe Price	Pair Corr

Moving against Sit Mutual Fund

0.58	PDI	Pimco Dynamic Income	Pair Corr
0.37	USPSX	Profunds Ultrashort	Pair Corr
0.32	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	AUNCX	QMHIX	NWXNX	GFIRX	FODUX	BPRIX
AUNCX		0.84	0.67	0.84	0.68	0.59	AUNCX
QMHIX	0.84		0.33	0.88	0.33	0.23	QMHIX
NWXNX	0.67	0.33		0.53	0.99	0.91	NWXNX
GFIRX	0.84	0.88	0.53		0.51	0.35	GFIRX
FODUX	0.68	0.33	0.99	0.51		0.92	FODUX
BPRIX	0.59	0.23	0.91	0.35	0.92		BPRIX
	AUNCX	QMHIX	NWXNX	GFIRX	FODUX	BPRIX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Us 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 Us' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUNCX	0.08	0.01	(0.41)	1.12	0.00	(0.15)	0.28	(0.09)	0.56
QMHIX	0.62	0.09	0.05	0.31	0.84	(0.63)	1.22	(1.31)	4.57
NWXNX	0.13	0.01	(0.25)	0.35	0.07	(0.17)	0.33	(0.22)	0.87
GFIRX	0.34	0.06	0.01	2.91	0.37	(0.38)	0.78	(0.57)	2.43
FODUX	0.17	0.00	(0.19)	0.00	0.12	(0.20)	0.37	(0.28)	0.93
BPRIX	0.15	0.01	(0.20)	0.41	0.13	(0.18)	0.30	(0.30)	1.01

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