Sit Developing Correlations

Mutual Funds . USA . 
Fund . Sit Developing Markets
SDMGX Fund  USD 20.43  0.12  0.58%   
The current 90-days correlation between Sit Developing Markets and Elfun Diversified Fund is -0.1 (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

Good diversification

The correlation between Sit Developing Markets and DJI is -0.01 (i.e., Good 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

  0.85SSCDX Sit Small CapPairCorr
  0.98GDGIX Sit Global DividendPairCorr
  0.85GDGSX Sit Global DividendPairCorr
  0.96SSMGX Sit Small CapPairCorr
  0.97SDFSX Sit Small CapPairCorr
  0.98SDVSX Sit Dividend GrowthPairCorr
  0.86SDVGX Sit Dividend GrowthPairCorr
  0.99SIBAX Sit BalancedPairCorr
  0.99IESGX Sit Esg GrowthPairCorr
  0.82SNGRX Sit International GrowthPairCorr
  0.61SNGYX Sit Government SecuritiesPairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.85VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.85VEMRX Vanguard Emerging MarketsPairCorr
  0.87FWWNX American Funds NewPairCorr
  0.87FNFWX American Funds NewPairCorr
  0.86NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.86NEWCX New World FundPairCorr
  0.86ODVYX Oppenheimer DevelopingPairCorr
  0.86VTSAX Vanguard Total StockPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr
  0.86VTSMX Vanguard Total StockPairCorr
  0.86VSMPX Vanguard Total StockPairCorr
  0.86VSTSX Vanguard Total StockPairCorr
  0.86VITSX Vanguard Total StockPairCorr
  0.85VFINX Vanguard 500 IndexPairCorr
  0.86VFFSX Vanguard 500 IndexPairCorr
  0.83VGTSX Vanguard Total InterPairCorr

Moving against Sit Mutual Fund

  0.53SNTYX Sit Tax FreePairCorr
  0.43SNTIX Sit Tax FreePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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