Sit Quality Correlations

SQIFX Fund

USD 9.53 0.00 0.00%

The current 90-days correlation between Sit Quality Income and Sit Small Cap is -0.03 (i.e., Good diversification). The correlation of Sit Quality 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 Quality Correlation With Market

Average diversification

The correlation between Sit Quality Income and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Quality Income 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 Quality Income. 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 census.

Moving together with Sit Mutual Fund

0.91	SNGVX	Sit U S	Pair Corr
0.96	SNGYX	Sit Government Securities	Pair Corr
0.93	SQIYX	Sit Mutual Funds	Pair Corr
0.95	VBIRX	Vanguard Short Term	Pair Corr
0.86	VFSUX	Vanguard Short Term	Pair Corr
0.91	VFSIX	Vanguard Short Term	Pair Corr
0.92	VFSTX	Vanguard Short Term	Pair Corr
0.99	VBITX	Vanguard Short Term	Pair Corr
0.99	VBISX	Vanguard Short Term	Pair Corr
0.61	LALDX	Lord Abbett Short	Pair Corr
0.9	VSCSX	Vanguard Short Term	Pair Corr
0.66	LDLAX	Lord Abbett Short	Pair Corr
0.61	LDLRX	Lord Abbett Short	Pair Corr

Moving against Sit Mutual Fund

0.65	SNIGX	Sit Large Cap	Pair Corr
0.57	NBNGX	Sit Mid Cap	Pair Corr
0.56	SSCDX	Sit Small Cap	Pair Corr
0.56	SDFSX	Sit Small Cap	Pair Corr
0.56	SESGX	Sit Esg Growth	Pair Corr
0.55	SDVSX	Sit Dividend Growth	Pair Corr
0.55	SDVGX	Sit Dividend Growth	Pair Corr
0.51	SIBAX	Sit Balanced	Pair Corr
0.49	IESGX	Sit Esg Growth	Pair Corr
0.48	SSMGX	Sit Small Cap	Pair Corr
0.77	LETRX	Voya Russia Fund	Pair Corr
0.7	KSCOX	Kinetics Small Cap	Pair Corr
0.7	KSCYX	Kinetics Small Cap	Pair Corr
0.7	KSOCX	Kinetics Small Cap	Pair Corr
0.69	KNPCX	Kinetics Paradigm	Pair Corr
0.69	KMKCX	Kinetics Market Oppo	Pair Corr
0.69	WWNPX	Kinetics Paradigm	Pair Corr
0.69	KNPAX	Kinetics Paradigm	Pair Corr
0.69	LSHUX	Horizon Spin Off	Pair Corr
0.69	KNPYX	Kinetics Paradigm	Pair Corr
0.6	AMEIX	Equity Growth	Pair Corr
0.57	VKSDX	Virtus Kar Small	Pair Corr
0.48	GCSVX	Geneva Smid Cap	Pair Corr

Related Correlations Analysis

	SSCDX	GDGIX	GDGSX	SSMGX	SDFSX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX
SSCDX		0.78	0.77	0.98	1.0	0.54	0.91	0.91	0.85	0.98	SSCDX
GDGIX	0.78		1.0	0.84	0.78	0.73	0.78	0.78	0.81	0.79	GDGIX
GDGSX	0.77	1.0		0.83	0.77	0.72	0.77	0.77	0.8	0.78	GDGSX
SSMGX	0.98	0.84	0.83		0.98	0.64	0.88	0.88	0.84	0.98	SSMGX
SDFSX	1.0	0.78	0.77	0.98		0.54	0.91	0.91	0.85	0.98	SDFSX
SDMGX	0.54	0.73	0.72	0.64	0.54		0.56	0.56	0.6	0.58	SDMGX
SDVSX	0.91	0.78	0.77	0.88	0.91	0.56		1.0	0.97	0.92	SDVSX
SDVGX	0.91	0.78	0.77	0.88	0.91	0.56	1.0		0.97	0.92	SDVGX
SESGX	0.85	0.81	0.8	0.84	0.85	0.6	0.97	0.97		0.86	SESGX
NBNGX	0.98	0.79	0.78	0.98	0.98	0.58	0.92	0.92	0.86		NBNGX
	SSCDX	GDGIX	GDGSX	SSMGX	SDFSX	SDMGX	SDVSX	SDVGX	SESGX	NBNGX

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Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Quality 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 Quality'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
SSCDX	0.76	(0.03)	0.00	0.09	0.91	(0.75)	1.80	(1.36)	6.07
GDGIX	0.54	(0.05)	(0.11)	0.04	0.73	(0.54)	1.02	(1.48)	3.15
GDGSX	0.54	(0.05)	(0.11)	0.04	0.74	(0.54)	1.02	(1.52)	3.19
SSMGX	0.79	(0.03)	0.00	0.09	1.11	(0.81)	1.63	(1.78)	5.25
SDFSX	0.75	(0.03)	0.00	0.09	0.95	(0.74)	1.80	(1.36)	6.07
SDMGX	0.81	0.00	(0.05)	0.11	1.02	(0.85)	1.86	(2.15)	5.57
SDVSX	0.51	0.00	(0.05)	0.00	0.58	(0.55)	0.97	(1.13)	3.27
SDVGX	0.51	0.08	(0.05)	17.89	0.58	(0.55)	0.97	(1.12)	3.25
SESGX	0.56	0.04	(0.09)	4.27	0.74	(0.60)	1.15	(1.43)	3.85
NBNGX	0.71	0.02	0.02	0.13	0.96	(0.75)	1.53	(1.76)	4.44

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