Sit Developing Correlations

SDMGX Fund

USD 20.55 0.06 0.29%

The current 90-days correlation between Sit Developing Markets and Franklin Emerging Market is 0.4 (i.e., Very weak 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 0.05 (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

0.96	SSCDX	Sit Small Cap	Pair Corr
0.86	GDGIX	Sit Global Dividend	Pair Corr
0.98	GDGSX	Sit Global Dividend	Pair Corr
0.83	SSMGX	Sit Small Cap	Pair Corr
0.97	SDVSX	Sit Dividend Growth	Pair Corr
0.96	NBNGX	Sit Mid Cap	Pair Corr
0.97	IESGX	Sit Esg Growth	Pair Corr
0.88	SNIGX	Sit Large Cap	Pair Corr
0.71	SQIFX	Sit Quality Income	Pair Corr
0.86	TGRYX	Tcw Global Real	Pair Corr

Moving against Sit Mutual Fund

0.5	SNTIX	Sit Tax Free	Pair Corr
0.48	SNTYX	Sit Tax Free	Pair Corr

Related Correlations Analysis

	FEMDX	TWEMX	RALAX	TEMMX	DBELX	SEDAX
FEMDX		0.96	0.97	0.97	0.97	0.98	FEMDX
TWEMX	0.96		0.99	0.99	0.92	0.93	TWEMX
RALAX	0.97	0.99		0.99	0.93	0.95	RALAX
TEMMX	0.97	0.99	0.99		0.93	0.94	TEMMX
DBELX	0.97	0.92	0.93	0.93		0.99	DBELX
SEDAX	0.98	0.93	0.95	0.94	0.99		SEDAX
	FEMDX	TWEMX	RALAX	TEMMX	DBELX	SEDAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEMDX	0.17	0.10	(0.73)	(3.67)	0.00	(0.25)	0.52	(0.17)	1.13
TWEMX	0.55	0.31	0.09	(5.14)	0.00	(0.68)	1.73	(0.92)	4.36
RALAX	0.45	0.24	(0.04)	(1.56)	0.22	(0.54)	1.43	(0.82)	3.42
TEMMX	0.48	0.22	(0.01)	8.12	0.22	(0.55)	1.47	(1.12)	3.25
DBELX	0.22	0.08	(0.43)	1.39	0.00	(0.32)	0.46	(0.33)	1.75
SEDAX	0.18	0.07	(0.61)	0.88	0.00	(0.27)	0.45	(0.33)	1.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC