Sit Emerging Correlations
SITEX Fund | USD 8.77 0.01 0.11% |
The current 90-days correlation between Sit Emerging Markets and Ab Bond Inflation is 0.04 (i.e., Significant 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 0.12 (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.
Sit |
Moving together with Sit Mutual Fund
0.74 | SRYRX | Simt Real Return | PairCorr |
0.66 | SSTDX | Saat Servative Strategy | PairCorr |
0.76 | SBDAX | Stet California Municipal | PairCorr |
0.78 | SCFYX | Simt E Fixed | PairCorr |
0.76 | CFVAX | Catholic Values Fixed | PairCorr |
0.76 | CFVYX | Catholic Values Fixed | PairCorr |
0.76 | SCYYX | Stet California Municipal | PairCorr |
0.84 | SDGFX | Sdit Short Duration | PairCorr |
0.73 | SVSAX | Saat Servative Strategy | PairCorr |
0.81 | SEDIX | Saat Defensive Strategy | PairCorr |
0.76 | SEFIX | Sit International Fixed | PairCorr |
0.83 | SEEIX | Sei Instit International | PairCorr |
0.75 | SEGMX | Sdit Gnma Fund | PairCorr |
0.83 | SEITX | Sit International Equity | PairCorr |
Moving against Sit Mutual Fund
0.62 | TFCAX | Tax Free Conservative | PairCorr |
0.62 | TFCYX | Tax Free Conservative | PairCorr |
0.48 | SSCGX | Simt Small Cap | PairCorr |
0.48 | ENIAX | Siit Opportunistic Income | PairCorr |
0.47 | STMSX | Simt Tax Managed | PairCorr |
0.46 | STDAX | Saat Defensive Strategy | PairCorr |
0.41 | SSMAX | Siit Small Mid | PairCorr |
0.4 | STMPX | Simt Tax Managed | PairCorr |
0.36 | SSPIX | Simt Sp 500 | PairCorr |
0.43 | SDYAX | Simt Dynamic Asset | PairCorr |
0.42 | SCPAX | Siit Large Cap | PairCorr |
0.4 | SDLAX | Siit Dynamic Asset | PairCorr |
0.37 | SUSAX | Siit Ultra Short | PairCorr |
0.36 | SVAYX | Simt Large Cap | PairCorr |
0.35 | SUSYX | Simt Managed Volatility | PairCorr |
0.34 | SVOAX | Simt Managed Volatility | PairCorr |
0.41 | SEMCX | Simt Mid Cap | PairCorr |
0.4 | SECAX | Siit Small Cap | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ANBIX | 0.15 | (0.01) | (0.54) | (0.28) | 0.18 | 0.29 | 0.87 | |||
QMHIX | 0.62 | 0.07 | (0.07) | 3.31 | 0.80 | 1.25 | 3.83 | |||
FIBLX | 0.20 | (0.01) | (0.42) | (0.16) | 0.27 | 0.32 | 1.26 | |||
WAFAX | 0.24 | (0.02) | 0.00 | (0.23) | 0.00 | 0.42 | 1.26 | |||
TRLDX | 0.16 | (0.05) | 0.00 | (0.60) | 0.00 | 0.21 | 3.15 | |||
MFTFX | 0.93 | (0.07) | (0.07) | 0.04 | 1.36 | 1.70 | 5.42 | |||
FODVX | 0.19 | (0.01) | (0.47) | (0.28) | 0.25 | 0.39 | 1.17 | |||
ABNTX | 0.15 | (0.01) | (0.57) | (0.38) | 0.18 | 0.29 | 0.88 |