Sit Emerging Correlations

SIEMX Fund

USD 11.48 0.05 0.43%

The current 90-days correlation between Sit Emerging Markets and Ep Emerging Markets is 0.86 (i.e., Very poor diversification). The correlation of Sit Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Sit Emerging Markets and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Sit Mutual Fund

0.63	SAAAX	Simt Multi Asset	Pair Corr
0.69	SRWAX	Saat Market Growth	Pair Corr
0.94	SSEAX	Siit Screened World	Pair Corr
0.63	SSGAX	Saat Aggressive Strategy	Pair Corr
0.61	SASDX	Saat Aggressive Strategy	Pair Corr
0.67	TFCAX	Tax Free Conservative	Pair Corr
0.63	TFCYX	Tax Free Conservative	Pair Corr
0.86	SSTDX	Saat Servative Strategy	Pair Corr
0.62	SBDAX	Stet California Municipal	Pair Corr
0.7	STAYX	Stet Tax Advantaged	Pair Corr
0.78	STDAX	Saat Defensive Strategy	Pair Corr
0.74	ENIAX	Siit Opportunistic Income	Pair Corr
0.76	SCFYX	Simt E Fixed	Pair Corr
0.78	SCMSX	Saat E Market	Pair Corr
0.76	SCOAX	Siit E Fixed	Pair Corr
0.75	SCXIX	Sei Insti Mgd	Pair Corr
0.72	SUMAX	Stet Short Duration	Pair Corr
0.68	SUSAX	Siit Ultra Short	Pair Corr
0.68	SDGFX	Sdit Short Duration	Pair Corr
0.86	SVSAX	Saat Servative Strategy	Pair Corr
0.62	SEAIX	Saat Aggressive Strategy	Pair Corr
0.7	SEATX	Stet Tax Advantaged	Pair Corr
0.84	SEDIX	Saat Defensive Strategy	Pair Corr
0.7	SECPX	Sdit Ultra Short	Pair Corr
0.76	RRPAX	Siit Real Return	Pair Corr
0.88	SEDAX	Siit Emerging Markets	Pair Corr

Moving against Sit Mutual Fund

0.36	SSMAX	Siit Small Mid	Pair Corr
0.34	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	EPASX	XJMMX	BXECX	AMTOX	PWEAX	CBHAX	XEMDX
EPASX		0.66	0.77	0.6	0.97	0.7	0.46	EPASX
XJMMX	0.66		0.86	0.51	0.65	0.56	0.63	XJMMX
BXECX	0.77	0.86		0.71	0.79	0.8	0.5	BXECX
AMTOX	0.6	0.51	0.71		0.69	0.47	0.59	AMTOX
PWEAX	0.97	0.65	0.79	0.69		0.69	0.48	PWEAX
CBHAX	0.7	0.56	0.8	0.47	0.69		0.11	CBHAX
XEMDX	0.46	0.63	0.5	0.59	0.48	0.11		XEMDX
	EPASX	XJMMX	BXECX	AMTOX	PWEAX	CBHAX	XEMDX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Emerging 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 Emerging'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
EPASX	0.54	0.02	0.10	0.02	0.67	(0.57)	1.02	(1.17)	3.67
XJMMX	0.19	0.00	0.18	(0.25)	0.22	(0.26)	0.46	(0.46)	0.92
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21
AMTOX	0.48	0.04	0.12	0.04	0.61	(0.55)	1.00	(1.10)	2.56
PWEAX	0.72	0.06	0.11	0.09	0.85	(0.84)	1.55	(1.59)	5.83
CBHAX	0.19	0.03	0.37	(0.40)	0.00	(0.25)	0.36	(0.36)	1.20
XEMDX	0.22	(0.02)	0.00	(0.45)	0.00	0.00	0.47	(0.47)	1.41

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