Sit Emerging Correlations

SIEMX Fund

USD 11.54 0.05 0.43%

The current 90-days correlation between Sit Emerging Markets and Rbc Global Equity is 0.39 (i.e., Weak 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

Average diversification

The correlation between Sit Emerging Markets and DJI is 0.14 (i.e., Average 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

0.87

SSEAX

Siit Screened World

Pair Corr

Moving against Sit Mutual Fund

0.45	SSCGX	Simt Small Cap	Pair Corr
0.44	STMPX	Simt Tax Managed	Pair Corr
0.44	STMSX	Simt Tax Managed	Pair Corr
0.42	ENIAX	Siit Opportunistic Income	Pair Corr
0.39	SSMAX	Siit Small Mid	Pair Corr
0.37	STDAX	Saat Defensive Strategy	Pair Corr
0.34	SSPIX	Simt Sp 500	Pair Corr
0.33	TFCAX	Tax Free Conservative	Pair Corr
0.31	TFCYX	Tax Free Conservative	Pair Corr
0.58	SECAX	Siit Small Cap	Pair Corr
0.39	SCPAX	Siit Large Cap	Pair Corr
0.37	SUSYX	Simt Managed Volatility	Pair Corr
0.36	SVOAX	Simt Managed Volatility	Pair Corr
0.33	SDYAX	Simt Dynamic Asset	Pair Corr
0.33	SDYYX	Simt Dynamic Asset	Pair Corr
0.33	SECPX	Sdit Ultra Short	Pair Corr
0.32	SDLAX	Siit Dynamic Asset	Pair Corr
0.31	SVAYX	Simt Large Cap	Pair Corr

Related Correlations Analysis

	RGELX	RUSTX	FBMPX	SILLX	APDNX	HULEX	SRFMX
RGELX		0.96	0.87	0.98	0.88	0.92	0.93	RGELX
RUSTX	0.96		0.91	0.98	0.92	0.97	0.9	RUSTX
FBMPX	0.87	0.91		0.92	0.83	0.84	0.8	FBMPX
SILLX	0.98	0.98	0.92		0.93	0.94	0.92	SILLX
APDNX	0.88	0.92	0.83	0.93		0.92	0.86	APDNX
HULEX	0.92	0.97	0.84	0.94	0.92		0.88	HULEX
SRFMX	0.93	0.9	0.8	0.92	0.86	0.88		SRFMX
	RGELX	RUSTX	FBMPX	SILLX	APDNX	HULEX	SRFMX

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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
RGELX	0.50	0.02	(0.02)	0.13	0.52	(0.59)	1.31	(0.93)	3.60
RUSTX	0.49	0.04	0.04	0.15	0.46	(0.55)	0.90	(0.93)	4.17
FBMPX	0.78	0.18	0.12	0.39	0.81	(0.82)	1.59	(1.65)	4.09
SILLX	0.50	0.05	0.03	0.17	0.46	(0.56)	1.44	(1.01)	3.17
APDNX	0.51	0.00	(0.04)	0.10	0.37	(0.68)	1.24	(0.83)	3.42
HULEX	0.59	0.00	(0.01)	0.09	0.42	(0.77)	1.36	(0.91)	5.17
SRFMX	0.46	(0.02)	(0.07)	0.06	0.59	(0.52)	0.91	(1.08)	3.50

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