Sit Dividend Correlations

Mutual Funds . USA . 
Fund . Sit Dividend Growth
SDVSX Fund  USD 15.39  0.02  0.13%   
The current 90-days correlation between Sit Dividend Growth and Sit Dividend Growth is 1.0 (i.e., No risk reduction). 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 0.71 (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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sit Dividend Growth. 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

  0.7SSCDX Sit Small CapPairCorr
  0.84GDGIX Sit Global DividendPairCorr
  0.84GDGSX Sit Global DividendPairCorr
  0.7SSMGX Sit Small CapPairCorr
  0.7SDFSX Sit Small CapPairCorr
  0.67SDMGX Sit Developing MarketsPairCorr
  1.0SDVGX Sit Dividend GrowthPairCorr
  0.73SESGX Sit Esg GrowthPairCorr
  0.72NBNGX Sit Mid CapPairCorr
  0.77SIBAX Sit BalancedPairCorr
  0.73IESGX Sit Esg GrowthPairCorr
  0.77SNIGX Sit Large CapPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.73VTSMX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.73VFINX Vanguard 500 IndexPairCorr
  0.73VFFSX Vanguard 500 IndexPairCorr
  0.75VINIX Vanguard InstitutionalPairCorr
  0.75VIIIX Vanguard InstitutionalPairCorr

Moving against Sit Mutual Fund

  0.33SQIFX Sit Quality IncomePairCorr
  0.31SQIYX Sit Mutual FundsPairCorr

Related Correlations Analysis

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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   
BTMFX
+ 0.83
JDNAX
BTMFX
+ 0.81
SDVGX
HILVX
+ 0.79
SDVGX
BTMFX
+ 0.78
HILVX
JDNAX
+ 0.71
SDVGX
JDNAX
+ 0.58
HILVX
  
High negative correlations   
SNGVX
- 0.42
JDNAX
SNGVX
- 0.4
BTMFX
SNGVX
- 0.25
SDVGX
SNGVX
- 0.09
HILVX

Risk-Adjusted Indicators

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