Sit Small Correlations

Mutual Funds USA . 
Fund . Sit Small Cap
SSMGX Fund  USD 69.05  1.83  2.58%   
The current 90-days correlation between Sit Small Cap and Angel Oak Multi Strategy is 0.1 (i.e., Average 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

Poor diversification

The correlation between Sit Small Cap and DJI is 0.77 (i.e., 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 rate.

Moving together with Sit Mutual Fund

  0.91SSCDX Sit Small CapPairCorr
  0.82GDGIX Sit Global DividendPairCorr
  0.82GDGSX Sit Global DividendPairCorr
  0.91SDFSX Sit Small CapPairCorr
  0.74SDMGX Sit Developing MarketsPairCorr
  0.66SDVSX Sit Dividend GrowthPairCorr
  0.66SDVGX Sit Dividend GrowthPairCorr
  0.79SESGX Sit Esg GrowthPairCorr
  0.84NBNGX Sit Mid CapPairCorr
  0.77SIBAX Sit BalancedPairCorr
  0.79IESGX Sit Esg GrowthPairCorr
  0.68SMTFX Sit Minnesota TaxPairCorr
  0.76SNIGX Sit Large CapPairCorr
  0.82SNGRX Sit International GrowthPairCorr
  0.7SNGVX Sit U SPairCorr
  0.69SNGYX Sit Government SecuritiesPairCorr
  0.69SNTIX Sit Tax FreePairCorr
  0.68SNTYX Sit Tax FreePairCorr
  0.9PRJIX T Rowe Price Potential GrowthPairCorr
  0.9PRNHX T Rowe Price Potential GrowthPairCorr
  0.75TRUZX T Rowe PricePairCorr
  0.7XDSMX Dreyfus StrategicPairCorr
  0.68XNXJX Nuveen New JerseyPairCorr
  0.68NXJ Nuveen New JerseyPairCorr
  0.68XNBHX Neuberger Berman IntPairCorr
  0.63FSTLX Federated Mdt LargePairCorr
  0.66THNDX Thornburg New MexicoPairCorr

Moving against Sit Mutual Fund

  0.5PEMGX Midcap Fund ClassPairCorr
  0.49PCBIX Midcap Fund InstitutionalPairCorr
  0.46PMBCX Midcap Fund ClassPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY