Sit Dividend Correlations

SDVSX Fund

USD 17.88 0.02 0.11%

The current 90-days correlation between Sit Dividend Growth and Matthews Asia Dividend is 0.44 (i.e., Very weak diversification). The correlation of Sit Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Sit Dividend Growth and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Dividend Growth 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 Dividend Growth. 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 state.

Moving together with Sit Mutual Fund

0.97	SSCDX	Sit Small Cap	Pair Corr
0.87	GDGIX	Sit Global Dividend	Pair Corr
0.86	GDGSX	Sit Global Dividend	Pair Corr
0.96	SSMGX	Sit Small Cap	Pair Corr
0.97	SDFSX	Sit Small Cap	Pair Corr
1.0	SDVGX	Sit Dividend Growth	Pair Corr
0.98	SESGX	Sit Esg Growth	Pair Corr
0.98	NBNGX	Sit Mid Cap	Pair Corr
0.98	SIBAX	Sit Balanced	Pair Corr
0.98	IESGX	Sit Esg Growth	Pair Corr
0.97	SNIGX	Sit Large Cap	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.99	VIIIX	Vanguard Institutional	Pair Corr
0.96	ASG	Liberty All Star	Pair Corr
0.98	CII	Blackrock Enhanced	Pair Corr
0.93	ETV	Eaton Vance Tax	Pair Corr
0.85	CLM	Cornerstone Strategic	Pair Corr
0.87	CRF	Cornerstone Strategic	Pair Corr
0.97	USA	Liberty All Star	Pair Corr
0.97	ETY	Eaton Vance Tax	Pair Corr

Moving against Sit Mutual Fund

0.66	SNGVX	Sit U S	Pair Corr
0.65	SNGYX	Sit Government Securities	Pair Corr
0.53	SQIYX	Sit Mutual Funds	Pair Corr
0.48	SQIFX	Sit Quality Income	Pair Corr

Related Correlations Analysis

	MIPIX	SDVSX	JSISX	HACSX	PFFRX
MIPIX		0.04	0.47	-0.27	-0.31	MIPIX
SDVSX	0.04		0.49	0.89	0.79	SDVSX
JSISX	0.47	0.49		0.38	0.15	JSISX
HACSX	-0.27	0.89	0.38		0.92	HACSX
PFFRX	-0.31	0.79	0.15	0.92		PFFRX
	MIPIX	SDVSX	JSISX	HACSX	PFFRX

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

PFFRX	+ 0.92	HACSX
HACSX	+ 0.89	SDVSX
PFFRX	+ 0.79	SDVSX
JSISX	+ 0.49	SDVSX
JSISX	+ 0.47	MIPIX
HACSX	+ 0.38	JSISX

High negative correlations

PFFRX	- 0.31	MIPIX
HACSX	- 0.27	MIPIX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Dividend 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 Dividend'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
MIPIX	0.72	(0.04)	(0.11)	0.01	0.86	(0.80)	1.48	(1.52)	5.79
SDVSX	0.50	(0.02)	(0.07)	0.07	0.57	(0.55)	0.97	(1.13)	3.27
JSISX	0.10	0.00	(0.53)	0.23	0.00	(0.15)	0.21	(0.20)	0.72
HACSX	0.36	0.10	0.08	0.32	0.00	(0.44)	1.03	(0.63)	2.00
PFFRX	0.05	0.02	0.00	(1.30)	0.00	0.00	0.11	0.00	0.75

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