Sit Esg Correlations

SESGX Fund

USD 21.89 0.06 0.27%

The current 90-days correlation between Sit Esg Growth and Shelton International Select is 0.61 (i.e., Poor diversification). The correlation of Sit Esg 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 Esg Correlation With Market

Poor diversification

The correlation between Sit Esg Growth and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Esg 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 Esg 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 price.

Moving together with Sit Mutual Fund

0.71	SSCDX	Sit Small Cap	Pair Corr
0.95	GDGIX	Sit Global Dividend	Pair Corr
0.95	GDGSX	Sit Global Dividend	Pair Corr
0.63	SSMGX	Sit Small Cap	Pair Corr
0.71	SDFSX	Sit Small Cap	Pair Corr
0.69	SDMGX	Sit Developing Markets	Pair Corr
0.7	SDVSX	Sit Dividend Growth	Pair Corr
0.7	SDVGX	Sit Dividend Growth	Pair Corr
0.71	NBNGX	Sit Mid Cap	Pair Corr
0.87	SIBAX	Sit Balanced	Pair Corr
1.0	IESGX	Sit Esg Growth	Pair Corr
0.7	SNIGX	Sit Large Cap	Pair Corr
0.78	FCWGX	American Funds Capital	Pair Corr
0.78	FWCGX	American Funds Capital	Pair Corr
0.8	CWGIX	Capital World Growth	Pair Corr
0.8	CWGFX	Capital World Growth	Pair Corr
0.67	CWGCX	Capital World Growth	Pair Corr
0.68	RWIFX	Capital World Growth	Pair Corr
0.79	CWICX	Capital World Growth	Pair Corr
0.79	RWIAX	Capital World Growth	Pair Corr
0.8	CWIAX	Capital World Growth	Pair Corr
0.66	WGIFX	Capital World Growth	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.91	VFFSX	Vanguard 500 Index	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VINIX	Vanguard Institutional	Pair Corr

Moving against Sit Mutual Fund

0.37	WLATTX	Wlattx	Pair Corr
0.32	FXIDX	Fixed Income Shares	Pair Corr

Related Correlations Analysis

	SISEX	CENTX	EICVX	VFFVX	OPTCX
SISEX		0.97	0.89	0.33	0.72	SISEX
CENTX	0.97		0.89	0.28	0.77	CENTX
EICVX	0.89	0.89		0.48	0.71	EICVX
VFFVX	0.33	0.28	0.48		0.2	VFFVX
OPTCX	0.72	0.77	0.71	0.2		OPTCX
	SISEX	CENTX	EICVX	VFFVX	OPTCX

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 Esg 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 Esg'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
SISEX	0.60	0.11	0.20	0.24	0.70	(0.64)	1.64	(1.55)	4.04
CENTX	0.48	0.07	0.23	(1.30)	0.49	(0.54)	1.09	(0.87)	3.07
EICVX	0.59	0.09	0.15	0.10	0.73	(0.61)	1.21	(1.42)	2.93
VFFVX	0.63	0.01	0.00	(0.06)	0.00	0.00	1.12	(1.31)	3.75
OPTCX	0.07	(0.01)	0.29	1.07	0.08	(0.17)	0.21	(0.21)	0.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC