Sit Balanced Correlations

SIBAX Fund

USD 34.37 0.01 0.03%

The current 90-days correlation between Sit Balanced and Value Line Asset is 0.66 (i.e., Poor diversification). The correlation of Sit Balanced 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 Balanced Correlation With Market

Poor diversification

The correlation between Sit Balanced Fund 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 Balanced Fund 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 Balanced Fund. 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 nation.

Moving together with Sit Mutual Fund

0.92	SSCDX	Sit Small Cap	Pair Corr
0.78	GDGIX	Sit Global Dividend	Pair Corr
0.78	GDGSX	Sit Global Dividend	Pair Corr
0.8	SSMGX	Sit Small Cap	Pair Corr
0.82	SDFSX	Sit Small Cap	Pair Corr
0.85	SDVSX	Sit Dividend Growth	Pair Corr
0.92	SDVGX	Sit Dividend Growth	Pair Corr
0.77	SESGX	Sit Esg Growth	Pair Corr
0.95	NBNGX	Sit Mid Cap	Pair Corr
0.77	IESGX	Sit Esg Growth	Pair Corr
0.98	SNIGX	Sit Large Cap	Pair Corr
0.78	FBONX	American Funds American	Pair Corr
0.78	FBAFX	American Funds American	Pair Corr
0.81	ABALX	American Balanced	Pair Corr
0.82	BALCX	American Balanced	Pair Corr
0.76	BALFX	American Balanced	Pair Corr
0.82	RLBCX	American Balanced	Pair Corr
0.82	RLBBX	American Balanced	Pair Corr
0.81	CLBAX	American Balanced	Pair Corr
0.82	CLBEX	American Balanced	Pair Corr
0.81	RLBFX	American Balanced	Pair Corr

Moving against Sit Mutual Fund

0.7	SQIFX	Sit Quality Income	Pair Corr
0.69	SQIYX	Sit Mutual Funds	Pair Corr
0.58	SNGVX	Sit U S	Pair Corr
0.5	SNGYX	Sit Government Securities	Pair Corr
0.62	ABNDX	Bond Fund	Pair Corr
0.52	GSACX	Goldman Sachs Asia	Pair Corr
0.46	TTEEX	T Rowe Price	Pair Corr
0.37	HDVRX	Hartford International	Pair Corr
0.35	PSDUX	Pimco Short Duration	Pair Corr
0.31	BRUFX	Bruce Fund Bruce	Pair Corr

Related Correlations Analysis

	VLAAX	SNIGX	SSMGX	PLBBX	SNGRX
VLAAX		0.53	0.31	0.66	0.51	VLAAX
SNIGX	0.53		0.85	0.9	-0.23	SNIGX
SSMGX	0.31	0.85		0.76	-0.44	SSMGX
PLBBX	0.66	0.9	0.76		-0.04	PLBBX
SNGRX	0.51	-0.23	-0.44	-0.04		SNGRX
	VLAAX	SNIGX	SSMGX	PLBBX	SNGRX

Click cells to compare fundamentals

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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

PLBBX	+ 0.9	SNIGX
SSMGX	+ 0.85	SNIGX
PLBBX	+ 0.76	SSMGX
PLBBX	+ 0.66	VLAAX
SNIGX	+ 0.53	VLAAX
SNGRX	+ 0.51	VLAAX

High negative correlations

SNGRX	- 0.44	SSMGX
SNGRX	- 0.23	SNIGX
SNGRX	- 0.04	PLBBX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Balanced 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 Balanced'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
VLAAX	0.49	0.01	0.00	(0.05)	0.00	0.00	0.92	(0.87)	2.33
SNIGX	0.93	(0.09)	0.00	(0.17)	0.00	0.00	1.55	(2.36)	5.26
SSMGX	0.99	(0.18)	0.00	4.33	0.00	0.00	1.76	(2.60)	5.54
PLBBX	0.70	0.06	0.10	0.04	0.79	(0.75)	1.19	(1.46)	7.63
SNGRX	0.72	0.11	0.12	0.11	1.01	(0.67)	1.50	(1.69)	4.13

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