Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSCDX Fund  USD 20.02  0.17  0.84%   
The current 90-days correlation between Sit Small Cap and Multi Manager Global Real is 0.04 (i.e., Significant 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

Almost no diversification

The correlation between Sit Small Cap and DJI is 0.92 (i.e., Almost no 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 small area income & poverty estimates.

Moving together with Sit Mutual Fund

  0.89GDGIX Sit Global DividendPairCorr
  0.88GDGSX Sit Global DividendPairCorr
  0.97SSMGX Sit Small CapPairCorr
  1.0SDFSX Sit Small CapPairCorr
  0.87SDMGX Sit Developing MarketsPairCorr
  0.88SDVSX Sit Dividend GrowthPairCorr
  0.88SDVGX Sit Dividend GrowthPairCorr
  0.8SESGX Sit Esg GrowthPairCorr
  0.9NBNGX Sit Mid CapPairCorr
  0.79SIBAX Sit BalancedPairCorr
  0.86SMTFX Sit Minnesota TaxPairCorr
  0.72SNIGX Sit Large CapPairCorr
  0.91SNGRX Sit International GrowthPairCorr
  0.76SNGVX Sit U SPairCorr
  0.77SNGYX Sit Government SecuritiesPairCorr
  0.68SNTIX Sit Tax FreePairCorr
  0.66SNTYX Sit Tax FreePairCorr
  0.87SQIFX Sit Quality IncomePairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.98FTHSX Fuller Thaler BehavioralPairCorr
  0.98FTHNX Fuller Thaler BehavioralPairCorr
  0.93PASVX T Rowe PricePairCorr
  0.89PRVIX T Rowe PricePairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.92BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.81SPMPX Invesco Steelpath MlpPairCorr
  0.81MLPNX Oppenheimer Steelpath MlpPairCorr
  0.81MLPMX Oppenheimer Steelpath MlpPairCorr
  0.81SPMJX Invesco Steelpath MlpPairCorr
  0.89ZEMIX Investec Emerging MarketsPairCorr
  0.87BWBFX Baron WealthbuilderPairCorr
  0.94JPVRX Jpmorgan InternationalPairCorr

Related Correlations Analysis


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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