Sit Small Correlations

Mutual Funds . USA . 
Fund . Sit Small Cap
SSCDX Fund  USD 16.15  0.22  1.38%   
The current 90-days correlation between Sit Small Cap and Franklin Emerging Market is 0.49 (i.e., Very weak diversification). The correlation of Sit Small 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 Small Correlation With Market

Poor diversification

The correlation between Sit Small Cap 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 Small 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 Small 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 unemployment.

Moving together with Sit Mutual Fund

  0.71GDGIX Sit Global DividendPairCorr
  0.72GDGSX Sit Global DividendPairCorr
  0.98SSMGX Sit Small CapPairCorr
  1.0SDFSX Sit Small CapPairCorr
  0.71SDVSX Sit Dividend GrowthPairCorr
  0.71SDVGX Sit Dividend GrowthPairCorr
  0.71SESGX Sit Esg GrowthPairCorr
  0.97NBNGX Sit Mid CapPairCorr
  0.92SIBAX Sit BalancedPairCorr
  0.7IESGX Sit Esg GrowthPairCorr
  0.93SNIGX Sit Large CapPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.86PASVX T Rowe PricePairCorr
  0.86PRVIX T Rowe PricePairCorr
  0.86TRZVX T Rowe PricePairCorr
  0.86PRSVX T Rowe PricePairCorr

Moving against Sit Mutual Fund

  0.62SQIFX Sit Quality IncomePairCorr
  0.6SQIYX Sit Mutual FundsPairCorr
  0.57SNGVX Sit U SPairCorr
  0.57SNGYX Sit Government SecuritiesPairCorr
  0.95RYAFX Inverse Russell 2000PairCorr
  0.67GLDZX Low Duration BondPairCorr
  0.64PPVFX American Funds PresePairCorr
  0.59JGIAX Jpmorgan IncomePairCorr
  0.43PAELX T Rowe PricePairCorr
  0.37TFAIX T Rowe PricePairCorr
  0.31WTLTX Westcore Flexible IncomePairCorr

Related Correlations Analysis

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 Small 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 Small'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.

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