Sit Developing Correlations

SDMGX Fund

USD 22.39 0.22 0.99%

The current 90-days correlation between Sit Developing Markets and Federated Government Income is -0.09 (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

Very weak diversification

The correlation between Sit Developing Markets and DJI is 0.59 (i.e., Very weak 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 rate.

Moving together with Sit Mutual Fund

0.85	GDGIX	Sit Global Dividend	Pair Corr
0.85	GDGSX	Sit Global Dividend	Pair Corr
0.7	SDVSX	Sit Dividend Growth	Pair Corr
0.69	SDVGX	Sit Dividend Growth	Pair Corr
0.75	SESGX	Sit Esg Growth	Pair Corr
0.9	SIBAX	Sit Balanced	Pair Corr
0.91	IESGX	Sit Esg Growth	Pair Corr
0.63	SMTFX	Sit Minnesota Tax	Pair Corr
0.91	SNIGX	Sit Large Cap	Pair Corr
0.67	SNTIX	Sit Tax Free	Pair Corr
0.64	SNTYX	Sit Tax Free	Pair Corr
0.74	VEMAX	Vanguard Emerging Markets	Pair Corr
0.73	VEIEX	Vanguard Emerging Markets	Pair Corr
0.74	VEMIX	Vanguard Emerging Markets	Pair Corr
0.74	VEMRX	Vanguard Emerging Markets	Pair Corr
0.8	NEWFX	New World Fund	Pair Corr
0.95	NWFFX	New World Fund	Pair Corr
0.94	NEWCX	New World Fund	Pair Corr
0.95	FWWNX	American Funds New	Pair Corr
0.95	FNFWX	American Funds New	Pair Corr
0.92	SMPSX	Semiconductor Ultrasector	Pair Corr
0.92	SMPIX	Semiconductor Ultrasector	Pair Corr
0.94	FELIX	Fidelity Advisor Sem	Pair Corr
0.88	RYVYX	Nasdaq 100 2x	Pair Corr
0.83	RYVLX	Nasdaq 100 2x	Pair Corr
0.94	FSELX	Fidelity Select Semi	Pair Corr

Related Correlations Analysis

	FICMX	SSAGX	RFBAX	GVTFX	RGVEX	USGFX	SGVDX	DNCGX
FICMX		0.68	0.71	0.98	0.9	0.98	0.89	0.95	FICMX
SSAGX	0.68		0.9	0.73	0.7	0.73	0.66	0.58	SSAGX
RFBAX	0.71	0.9		0.73	0.72	0.74	0.71	0.6	RFBAX
GVTFX	0.98	0.73	0.73		0.9	1.0	0.88	0.93	GVTFX
RGVEX	0.9	0.7	0.72	0.9		0.89	0.98	0.89	RGVEX
USGFX	0.98	0.73	0.74	1.0	0.89		0.88	0.92	USGFX
SGVDX	0.89	0.66	0.71	0.88	0.98	0.88		0.89	SGVDX
DNCGX	0.95	0.58	0.6	0.93	0.89	0.92	0.89		DNCGX
	FICMX	SSAGX	RFBAX	GVTFX	RGVEX	USGFX	SGVDX	DNCGX

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
FICMX	0.19	(0.01)	(0.25)	(0.08)	0.20	(0.22)	0.33	(0.33)	1.10
SSAGX	0.05	0.01	(0.49)	(1.44)	0.00	(0.19)	0.10	(0.10)	0.51
RFBAX	0.06	0.00	(0.32)	0.27	0.01	(0.21)	0.19	(0.19)	0.58
GVTFX	0.15	0.00	(0.31)	(0.20)	0.14	(0.18)	0.33	(0.25)	0.91
RGVEX	0.15	(0.01)	(0.33)	(0.04)	0.14	(0.17)	0.33	(0.25)	0.91
USGFX	0.15	0.00	(0.31)	(0.19)	0.15	(0.18)	0.33	(0.25)	0.91
SGVDX	0.16	(0.01)	(0.27)	(0.06)	0.19	(0.17)	0.30	(0.30)	0.91
DNCGX	0.13	(0.01)	(0.38)	(0.26)	0.14	(0.16)	0.24	(0.24)	0.63

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Sit Developing Correlations

Sit Developing Correlation With Market

Very weak diversification

Moving together with Sit Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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