Sit Large Correlations

Mutual Funds . USA . 
Fund . Sit Large Cap
SNIGX Fund  USD 80.44  0.22  0.27%   
The correlation of Sit Large 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 Large Correlation With Market

Very poor diversification

The correlation between Sit Large Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Large Cap 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 Large Cap. 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

  0.98SSCDX Sit Small CapPairCorr
  1.0GDGIX Sit Global DividendPairCorr
  1.0GDGSX Sit Global DividendPairCorr
  0.98SSMGX Sit Small CapPairCorr
  0.99SDFSX Sit Small CapPairCorr
  0.99SDMGX Sit Developing MarketsPairCorr
  1.0SDVSX Sit Dividend GrowthPairCorr
  1.0SDVGX Sit Dividend GrowthPairCorr
  1.0SESGX Sit Esg GrowthPairCorr
  0.96NBNGX Sit Mid CapPairCorr
  1.0SIBAX Sit BalancedPairCorr
  1.0IESGX Sit Esg GrowthPairCorr
  0.98SNGRX Sit International GrowthPairCorr
  0.61SNGVX Sit U SPairCorr
  0.62SNGYX Sit Government SecuritiesPairCorr
  0.79SQIYX Sit Mutual FundsPairCorr
  0.78SQIFX Sit Quality IncomePairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.99VQNPX Vanguard Growth AndPairCorr
  0.98OCCIX Oppenheimer CnsrvtvPairCorr

Related Correlations Analysis

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 Large 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 Large'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSCDX  0.76  0.27  0.07 (1.15) 0.68 
(0.89)
 2.24 
(1.41)
 5.93 
GDGIX  0.48  0.08  0.03  0.29  0.19 
(0.57)
 1.80 
(0.89)
 3.24 
GDGSX  0.48  0.08  0.03  0.29  0.20 
(0.56)
 1.80 
(0.89)
 3.24 
SSMGX  0.80  0.10  0.11  0.26  0.63 
(0.99)
 2.22 
(1.22)
 6.30 
SDFSX  0.75  0.09  0.09  0.26  0.65 
(0.86)
 2.18 
(1.47)
 5.81 
SDMGX  0.57  0.26  0.31  0.70  0.00 
(0.80)
 1.86 
(0.68)
 4.65 
SDVSX  0.55  0.10  0.09  0.29  0.31 
(0.67)
 1.73 
(0.87)
 4.48 
SDVGX  0.55  0.10  0.09  0.30  0.35 
(0.67)
 1.78 
(0.86)
 4.50 
SESGX  0.55  0.12  0.09  0.33  0.24 
(0.67)
 1.96 
(0.94)
 3.57 
NBNGX  0.81  0.29  0.09 (1.31) 0.61 
(0.91)
 2.47 
(1.43)
 5.85 

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