Sit Small Correlations

SDFSX Fund

USD 16.15 0.33 2.09%

The current 90-days correlation between Sit Small Cap and Sit Small Cap is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Sit Small Cap and DJI is -0.06 (i.e., Good 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 state.

Moving together with Sit Mutual Fund

1.0	SSCDX	Sit Small Cap	Pair Corr
0.93	GDGIX	Sit Global Dividend	Pair Corr
0.93	GDGSX	Sit Global Dividend	Pair Corr
0.99	SSMGX	Sit Small Cap	Pair Corr
0.82	SDMGX	Sit Developing Markets	Pair Corr
0.89	SDVSX	Sit Dividend Growth	Pair Corr
0.95	SDVGX	Sit Dividend Growth	Pair Corr
0.91	SESGX	Sit Esg Growth	Pair Corr
0.95	NBNGX	Sit Mid Cap	Pair Corr
0.97	SIBAX	Sit Balanced	Pair Corr
0.91	IESGX	Sit Esg Growth	Pair Corr
0.98	SNIGX	Sit Large Cap	Pair Corr
0.65	SNGRX	Sit International Growth	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.84	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.93	PRSVX	T Rowe Price	Pair Corr
0.8	SMPIX	Semiconductor Ultrasector	Pair Corr
0.88	SMPSX	Semiconductor Ultrasector	Pair Corr
0.93	CISGX	Touchstone Sands Capital	Pair Corr
0.75	KNPYX	Kinetics Paradigm	Pair Corr
0.68	LSHUX	Horizon Spin Off	Pair Corr
0.65	WWNPX	Kinetics Paradigm	Pair Corr
0.7	LSHEX	Kinetics Spin Off	Pair Corr

Moving against Sit Mutual Fund

0.81	SQIYX	Sit Mutual Funds	Pair Corr
0.79	SNGVX	Sit U S	Pair Corr
0.78	SQIFX	Sit Quality Income	Pair Corr
0.59	SNGYX	Sit Government Securities	Pair Corr
0.87	CWXAX	Catalystwarrington	Pair Corr
0.73	LDLTX	Lord Abbett Short	Pair Corr
0.52	KAGIX	Kensington Dynamic Growth	Pair Corr

Related Correlations Analysis

	SSCDX	GDGIX	GDGSX	SSMGX	SDFSX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX
SSCDX		0.93	0.93	0.99	1.0	0.82	0.89	0.95	0.91	0.95	SSCDX
GDGIX	0.93		1.0	0.9	0.93	0.93	0.89	0.97	0.99	0.88	GDGIX
GDGSX	0.93	1.0		0.9	0.93	0.93	0.89	0.97	0.99	0.88	GDGSX
SSMGX	0.99	0.9	0.9		0.99	0.77	0.86	0.92	0.89	0.96	SSMGX
SDFSX	1.0	0.93	0.93	0.99		0.82	0.89	0.95	0.91	0.95	SDFSX
SDMGX	0.82	0.93	0.93	0.77	0.82		0.82	0.89	0.92	0.76	SDMGX
SDVSX	0.89	0.89	0.89	0.86	0.89	0.82		0.94	0.88	0.93	SDVSX
SDVGX	0.95	0.97	0.97	0.92	0.95	0.89	0.94		0.97	0.9	SDVGX
SESGX	0.91	0.99	0.99	0.89	0.91	0.92	0.88	0.97		0.86	SESGX
NBNGX	0.95	0.88	0.88	0.96	0.95	0.76	0.93	0.9	0.86		NBNGX
	SSCDX	GDGIX	GDGSX	SSMGX	SDFSX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSCDX	1.28	(0.17)	0.00	2.21	0.00	0.00	2.31	(2.66)	13.04
GDGIX	0.97	(0.05)	0.00	0.70	0.00	0.00	1.79	(2.27)	10.56
GDGSX	0.97	(0.05)	0.00	0.70	0.00	0.00	1.80	(2.27)	10.42
SSMGX	1.44	(0.20)	0.00	1.88	0.00	0.00	2.66	(3.56)	14.24
SDFSX	1.27	(0.17)	0.00	2.28	0.00	0.00	2.25	(2.72)	12.93
SDMGX	1.19	0.00	0.07	(0.15)	1.77	(1.12)	1.93	(2.62)	8.94
SDVSX	1.07	(0.09)	0.00	(0.95)	0.00	0.00	1.73	(2.17)	11.12
SDVGX	1.07	(0.10)	0.00	1.26	0.00	0.00	1.78	(2.15)	11.17
SESGX	1.08	(0.05)	0.00	0.79	0.00	0.00	1.96	(2.24)	10.87
NBNGX	1.47	(0.13)	0.00	(1.01)	0.00	0.00	2.57	(3.35)	13.49

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