Sit Developing Correlations

SDMGX Fund

USD 20.55 0.06 0.29%

The current 90-days correlation between Sit Developing Markets and Franklin Gold Precious is -0.06 (i.e., Good diversification). The correlation of Sit Developing 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 Developing Correlation With Market

Significant diversification

The correlation between Sit Developing Markets and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Developing Markets 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 Developing Markets. 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 price.

Moving together with Sit Mutual Fund

0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.99	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMRX	Vanguard Emerging Markets	Pair Corr
0.99	FWWNX	American Funds New	Pair Corr
0.99	FNFWX	American Funds New	Pair Corr
0.86	NEWFX	New World Fund	Pair Corr
0.99	NWFFX	New World Fund	Pair Corr
0.86	NEWCX	New World Fund	Pair Corr
0.99	ODVYX	Oppenheimer Developing	Pair Corr
0.61	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Sit Mutual Fund

0.75	XNBHX	Neuberger Berman Int	Pair Corr
0.73	XDSMX	Dreyfus Strategic	Pair Corr
0.62	XNXJX	Nuveen New Jersey	Pair Corr
0.44	XPPRX	Voya Prime Rate	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	FRGOX	VGSBX	SGDIX	GLDAX	UNWPX	GGDPX	IOGYX
FRGOX		0.33	0.99	0.98	0.92	0.74	0.97	FRGOX
VGSBX	0.33		0.26	0.36	0.42	0.44	0.26	VGSBX
SGDIX	0.99	0.26		0.97	0.88	0.72	0.99	SGDIX
GLDAX	0.98	0.36	0.97		0.85	0.63	0.97	GLDAX
UNWPX	0.92	0.42	0.88	0.85		0.84	0.84	UNWPX
GGDPX	0.74	0.44	0.72	0.63	0.84		0.69	GGDPX
IOGYX	0.97	0.26	0.99	0.97	0.84	0.69		IOGYX
	FRGOX	VGSBX	SGDIX	GLDAX	UNWPX	GGDPX	IOGYX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Developing 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 Developing'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
FRGOX	1.50	0.15	(0.03)	2.38	1.97	(1.51)	3.02	(3.21)	11.91
VGSBX	0.27	0.00	(0.59)	1.63	0.31	(0.30)	0.55	(0.55)	1.44
SGDIX	1.38	0.11	(0.04)	1.02	1.97	(1.38)	2.96	(2.90)	11.33
GLDAX	1.52	0.06	(0.06)	0.62	2.29	(1.42)	3.11	(3.50)	12.29
UNWPX	1.21	0.25	0.00	(2.80)	1.13	(1.57)	2.72	(2.14)	7.43
GGDPX	0.56	0.16	0.01	0.72	0.08	(0.69)	1.38	(0.84)	2.74
IOGYX	1.40	0.04	(0.06)	0.35	1.94	(1.41)	2.84	(3.66)	10.46

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