Sit Large Correlations

SNIGX Fund

USD 71.41 0.22 0.31%

The current 90-days correlation between Sit Large Cap and Massmutual Retiresmart Servative is 0.15 (i.e., Average diversification). The correlation of Sit Large 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 Large Correlation With Market

Good diversification

The correlation between Sit Large Cap and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Large Cap 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 Large Cap. 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	SDVGX	Sit Dividend Growth	Pair Corr
0.7	SESGX	Sit Esg Growth	Pair Corr
0.9	NBNGX	Sit Mid Cap	Pair Corr
0.9	SIBAX	Sit Balanced	Pair Corr
0.69	IESGX	Sit Esg Growth	Pair Corr
0.89	FAFGX	American Funds	Pair Corr
0.93	GFAFX	Growth Fund	Pair Corr
0.81	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Sit Mutual Fund

0.7	SQIYX	Sit Mutual Funds	Pair Corr
0.64	SNGVX	Sit U S	Pair Corr
0.64	SNGYX	Sit Government Securities	Pair Corr
0.86	RYUHX	Inverse Sp 500 Potential Growth	Pair Corr
0.61	UGPIX	Ultrachina Profund	Pair Corr
0.61	UGPSX	Ultrachina Profund	Pair Corr
0.52	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.44	VMSAX	Vanguard Multi Sector	Pair Corr
0.4	FXIDX	Fixed Income Shares	Pair Corr
0.32	FLRRX	Franklin Low Duration	Pair Corr
0.46	TEDPX	Tiaa Cref Emerging	Pair Corr
0.44	REMVX	Rbc Emerging Markets	Pair Corr

Related Correlations Analysis

	MRCZX	MFIRX	RBCIX	RTNSX	LGFEX	NWJVX	SPRDX	PAEIX
MRCZX		0.9	0.8	0.9	0.9	0.8	0.85	0.88	MRCZX
MFIRX	0.9		0.88	0.91	0.91	0.94	0.8	0.92	MFIRX
RBCIX	0.8	0.88		0.91	0.9	0.83	0.84	0.91	RBCIX
RTNSX	0.9	0.91	0.91		0.97	0.85	0.85	0.99	RTNSX
LGFEX	0.9	0.91	0.9	0.97		0.85	0.9	0.97	LGFEX
NWJVX	0.8	0.94	0.83	0.85	0.85		0.7	0.89	NWJVX
SPRDX	0.85	0.8	0.84	0.85	0.9	0.7		0.82	SPRDX
PAEIX	0.88	0.92	0.91	0.99	0.97	0.89	0.82		PAEIX
	MRCZX	MFIRX	RBCIX	RTNSX	LGFEX	NWJVX	SPRDX	PAEIX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Large 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 Large'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
MRCZX	0.24	0.01	0.17	(0.04)	0.32	(0.26)	0.44	(0.44)	1.45
MFIRX	0.11	0.01	0.30	(0.27)	0.00	(0.21)	0.19	(0.19)	0.77
RBCIX	1.27	0.28	0.21	0.84	1.19	(1.48)	2.72	(2.01)	7.76
RTNSX	0.60	0.11	0.17	0.15	0.74	(0.65)	1.47	(1.45)	4.86
LGFEX	0.71	0.12	0.11	0.08	1.13	(0.69)	1.19	(1.61)	5.04
NWJVX	0.08	0.01	0.69	0.67	0.00	(0.14)	0.20	(0.10)	0.61
SPRDX	0.70	(0.02)	0.06	0.04	1.16	(0.66)	1.35	(1.59)	4.63
PAEIX	0.67	0.14	0.17	0.16	0.80	(0.71)	1.50	(1.54)	4.54

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