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.
Sit |
Moving together with Sit Mutual Fund
0.99 | VEMAX | Vanguard Emerging Markets | PairCorr |
0.99 | VEIEX | Vanguard Emerging Markets | PairCorr |
0.99 | VEMRX | Vanguard Emerging Markets | PairCorr |
0.99 | FWWNX | American Funds New | PairCorr |
0.99 | FNFWX | American Funds New | PairCorr |
0.86 | NEWFX | New World Fund | PairCorr |
0.99 | NWFFX | New World Fund | PairCorr |
0.86 | NEWCX | New World Fund | PairCorr |
0.99 | ODVYX | Oppenheimer Developing | PairCorr |
0.61 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
Moving against Sit Mutual Fund
0.75 | XNBHX | Neuberger Berman Int | PairCorr |
0.73 | XDSMX | Dreyfus Strategic | PairCorr |
0.62 | XNXJX | Nuveen New Jersey | PairCorr |
0.44 | XPPRX | Voya Prime Rate | PairCorr |
0.56 | MCD | McDonalds | PairCorr |
0.4 | TRV | The Travelers Companies | PairCorr |
0.32 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
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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 | 3.02 | 11.91 | |||
VGSBX | 0.27 | 0.00 | (0.59) | 1.63 | 0.31 | 0.55 | 1.44 | |||
SGDIX | 1.38 | 0.11 | (0.04) | 1.02 | 1.97 | 2.96 | 11.33 | |||
GLDAX | 1.52 | 0.06 | (0.06) | 0.62 | 2.29 | 3.11 | 12.29 | |||
UNWPX | 1.21 | 0.25 | 0.00 | (2.80) | 1.13 | 2.72 | 7.43 | |||
GGDPX | 0.56 | 0.16 | 0.01 | 0.72 | 0.08 | 1.38 | 2.74 | |||
IOGYX | 1.40 | 0.04 | (0.06) | 0.35 | 1.94 | 2.84 | 10.46 |