Sit Global Correlations

Mutual Funds USA . 
Fund . Sit Global Dividend
GDGSX Fund  USD 27.72  0.08  0.29%   
The current 90-days correlation between Sit Global Dividend and Diversified Bond Fund is 0.19 (i.e., Average diversification). The correlation of Sit Global 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 Global Correlation With Market

Poor diversification

The correlation between Sit Global Dividend and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Global Dividend and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Sit Global Dividend. 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 state.

Moving together with SIT Mutual Fund

  0.73SSCDX Sit Small CapPairCorr
  1.0GDGIX Sit Global DividendPairCorr
  0.66SSMGX Sit Small CapPairCorr
  0.73SDFSX Sit Small CapPairCorr
  0.69SDMGX Sit Developing MarketsPairCorr
  0.84SDVSX Sit Dividend GrowthPairCorr
  0.84SDVGX Sit Dividend GrowthPairCorr
  0.95SESGX Sit Esg GrowthPairCorr
  0.73NBNGX Sit Mid CapPairCorr
  0.85SIBAX Sit BalancedPairCorr
  0.95IESGX Sit Esg GrowthPairCorr
  0.77SNIGX Sit Large CapPairCorr
  0.89FCWGX American Funds CapitalPairCorr
  0.89FWCGX American Funds CapitalPairCorr
  0.91CWGIX Capital World GrowthPairCorr
  0.91CWGFX Capital World GrowthPairCorr
  0.9CWGCX Capital World GrowthPairCorr
  0.91RWIFX Capital World GrowthPairCorr
  0.9CWICX Capital World GrowthPairCorr
  0.9RWIAX Capital World GrowthPairCorr
  0.91CWIAX Capital World GrowthPairCorr
  0.89WGIFX Capital World GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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