Sit Emerging Correlations

Mutual Funds . USA . 
Fund . Sit Emerging Markets
SITEX Fund  USD 8.99  0.03  0.33%   
The current 90-days correlation between Sit Emerging Markets and Franklin Adjustable Government is 0.13 (i.e., Average diversification). The correlation of Sit Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Sit Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Emerging 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 Emerging 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 income.

Moving together with Sit Mutual Fund

  0.65SRWAX Saat Market GrowthPairCorr
  0.74SSCGX Simt Small CapPairCorr
  0.74SSEAX Siit Screened WorldPairCorr
  0.65SSGAX Saat Aggressive StrategyPairCorr
  0.61SASDX Saat Aggressive StrategyPairCorr
  0.72SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.63SSPIX Simt Sp 500PairCorr
  0.66SSTDX Saat Servative StrategyPairCorr
  0.71SBDAX Stet California MunicipalPairCorr
  0.62STDAX Saat Defensive StrategyPairCorr
  0.64STLYX Simt Tax ManagedPairCorr
  0.61STMPX Simt Tax ManagedPairCorr
  0.65SCPAX Siit Large CapPairCorr
  0.7SCYYX Stet California MunicipalPairCorr
  0.69SUSYX Simt Managed VolatilityPairCorr
  0.96SUSAX Siit Ultra ShortPairCorr
  0.89SDGFX Sdit Short DurationPairCorr
  0.63SDLAX Siit Dynamic AssetPairCorr
  0.61SVAYX Simt Large CapPairCorr
  0.69SVOAX Simt Managed VolatilityPairCorr
  0.65SVSAX Saat Servative StrategyPairCorr
  0.65SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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