Sit Dividend Correlations
| SDVGX Fund | USD 17.08 0.17 1.01% |
The current 90-days correlation between Sit Dividend Growth and Matthews Asia Dividend is 0.57 (i.e., Very weak 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
Poor diversification
The correlation between Sit Dividend Growth and DJI is 0.76 (i.e., Poor 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.
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Moving together with Sit Mutual Fund
Moving against Sit Mutual Fund
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