Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVGX Fund  USD 15.14  0.07  0.46%   
The current 90-days correlation between Sit Dividend Growth and Harbor Large Cap is -0.08 (i.e., Good diversification). The correlation of Sit Dividend 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 Dividend Correlation With Market

Good diversification

The correlation between Sit Dividend Growth and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Dividend Growth 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 Dividend Growth. 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

  0.95SSCDX Sit Small CapPairCorr
  0.97GDGIX Sit Global DividendPairCorr
  0.88GDGSX Sit Global DividendPairCorr
  0.85SSMGX Sit Small CapPairCorr
  0.95SDFSX Sit Small CapPairCorr
  0.89SDMGX Sit Developing MarketsPairCorr
  1.0SDVSX Sit Dividend GrowthPairCorr
  0.97SESGX Sit Esg GrowthPairCorr
  0.93NBNGX Sit Mid CapPairCorr
  0.92SIBAX Sit BalancedPairCorr
  0.97IESGX Sit Esg GrowthPairCorr
  0.8SMTFX Sit Minnesota TaxPairCorr
  0.97SNIGX Sit Large CapPairCorr
  0.75SNGRX Sit International GrowthPairCorr
  0.68SNTIX Sit Tax FreePairCorr
  0.77SNTYX Sit Tax FreePairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.92VINIX Vanguard InstitutionalPairCorr
  0.92VIIIX Vanguard InstitutionalPairCorr
  0.76PFN Pimco Income StrategyPairCorr
  0.76XDSMX Dreyfus StrategicPairCorr
  0.81CIF Mfs Intermediate HighPairCorr
  0.81XNXJX Nuveen New JerseyPairCorr
  0.89NXJ Nuveen New JerseyPairCorr
  0.84XPPRX Voya Prime RatePairCorr
  0.88PCF Putnam High IncomePairCorr
  0.78XNBHX Neuberger Berman IntPairCorr

Moving against Sit Mutual Fund

  0.68SQIYX Sit Mutual FundsPairCorr
  0.67SNGYX Sit Government SecuritiesPairCorr
  0.59SQIFX Sit Quality IncomePairCorr
  0.58SNGVX Sit U SPairCorr
  0.52RSDIX Rbc Short DurationPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BTMFX
+ 0.99
HILVX
JDNAX
+ 0.98
SDVGX
BTMFX
+ 0.93
SDVGX
HILVX
+ 0.92
SDVGX
BTMFX
+ 0.92
JDNAX
JDNAX
+ 0.91
HILVX
  
High negative correlations   
SNGVX
- 0.68
JDNAX
SNGVX
- 0.6
BTMFX
SNGVX
- 0.59
HILVX
SNGVX
- 0.58
SDVGX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Dividend 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 Dividend'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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