Sit Small Correlations
| SDFSX Fund | USD 16.11 0.12 0.74% |
The correlation of Sit Small 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 Small Correlation With Market
Good diversification
The correlation between Sit Small Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Sit |
Moving together with Sit Mutual Fund
| 0.64 | VSMAX | Vanguard Small Cap | PairCorr |
| 0.72 | VSCIX | Vanguard Small Cap | PairCorr |
| 0.64 | VSCPX | Vanguard Small Cap | PairCorr |
| 0.72 | NAESX | Vanguard Small Cap | PairCorr |
| 0.7 | DFSTX | Us Small Cap | PairCorr |
| 0.86 | AXP | American Express | PairCorr |
| 0.62 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.63 | CAT | Caterpillar | PairCorr |
| 0.66 | BA | Boeing | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
Moving against Sit Mutual Fund
| 0.47 | TTEEX | T Rowe Price | PairCorr |
| 0.47 | TREMX | T Rowe Price | PairCorr |
| 0.73 | VZ | Verizon Communications | PairCorr |
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.62 | TRV | The Travelers Companies | PairCorr |
| 0.55 | JNJ | Johnson Johnson | PairCorr |
| 0.51 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CCMSX | ||
| 0.0 | 0.15 | -0.16 | 0.68 | 0.05 | 0.11 | RISSX | ||
| 0.0 | 0.15 | 0.76 | 0.55 | 0.79 | 0.99 | CIPNX | ||
| 0.0 | -0.16 | 0.76 | 0.25 | 0.91 | 0.83 | NESGX | ||
| 0.0 | 0.68 | 0.55 | 0.25 | 0.43 | 0.5 | ANTMX | ||
| 0.0 | 0.05 | 0.79 | 0.91 | 0.43 | 0.83 | MSSGX | ||
| 0.0 | 0.11 | 0.99 | 0.83 | 0.5 | 0.83 | SECAX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Sit Mutual Fund performing well and Sit Small 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 Small'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCMSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RISSX | 0.77 | 0.05 | 0.08 | 0.01 | 0.99 | 1.49 | 5.64 | |||
| CIPNX | 0.99 | (0.20) | 0.00 | (0.30) | 0.00 | 1.38 | 11.53 | |||
| NESGX | 1.42 | (0.17) | 0.00 | (0.23) | 0.00 | 2.23 | 8.46 | |||
| ANTMX | 0.74 | (0.05) | 0.00 | 0.38 | 0.00 | 1.48 | 5.64 | |||
| MSSGX | 1.75 | (0.09) | 0.00 | (0.14) | 0.00 | 3.70 | 10.50 | |||
| SECAX | 1.07 | (0.22) | 0.00 | (0.30) | 0.00 | 1.46 | 11.65 |