Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SDFSX Fund  USD 17.04  0.21  1.25%   
The current 90-days correlation between Sit Small Cap and Six Circles Credit is 0.38 (i.e., Weak 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 0.93 (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 state.

Moving together with Sit Mutual Fund

  1.0SSCDX Sit Small CapPairCorr
  0.96GDGIX Sit Global DividendPairCorr
  0.96GDGSX Sit Global DividendPairCorr
  0.99SSMGX Sit Small CapPairCorr
  0.96SDMGX Sit Developing MarketsPairCorr
  0.86SDVSX Sit Dividend GrowthPairCorr
  0.86SDVGX Sit Dividend GrowthPairCorr
  0.96SESGX Sit Esg GrowthPairCorr
  0.97NBNGX Sit Mid CapPairCorr
  0.97SIBAX Sit BalancedPairCorr
  0.96IESGX Sit Esg GrowthPairCorr
  0.96SNIGX Sit Large CapPairCorr
  0.92SNGRX Sit International GrowthPairCorr
  0.86VSMAX Vanguard Small CapPairCorr
  0.86VSCIX Vanguard Small CapPairCorr
  0.97VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.96FSSNX Fidelity Small CapPairCorr
  0.86DFSTX Us Small CapPairCorr
  0.92PASVX T Rowe PricePairCorr
  0.8PRVIX T Rowe PricePairCorr
  0.8TRZVX T Rowe PricePairCorr
  0.8PRSVX T Rowe PricePairCorr
  0.76BRUFX Bruce Fund BrucePairCorr
  0.95SPGSX State Street PremierPairCorr
  0.8KF Korea ClosedPairCorr
  0.83RYELX Electronics Fund Class Steady GrowthPairCorr
  0.74DBLIX Doubleline IncomePairCorr
  0.89FGTRX Franklin Growth AlloPairCorr

Related Correlations Analysis

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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.

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