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 0.07 (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.
  
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 income.

Moving together with Sit Mutual Fund

  0.93SAAAX Simt Multi AssetPairCorr
  0.88SRYRX Simt Real ReturnPairCorr
  0.67SSEAX Siit Screened WorldPairCorr
  0.79SSTDX Saat Servative StrategyPairCorr
  0.76SBDAX Stet California MunicipalPairCorr
  0.78SCFYX Simt E FixedPairCorr
  0.76CFVAX Catholic Values FixedPairCorr
  0.77SCOAX Siit E FixedPairCorr
  0.76CFVYX Catholic Values FixedPairCorr
  0.76SCYYX Stet California MunicipalPairCorr
  0.84SDGFX Sdit Short DurationPairCorr
  0.73SVSAX Saat Servative StrategyPairCorr
  0.81SEDIX Saat Defensive StrategyPairCorr

Moving against Sit Mutual Fund

  0.56TFCYX Tax Free ConservativePairCorr
  0.54TFCAX Tax Free ConservativePairCorr
  0.48ENIAX Siit Opportunistic IncomePairCorr
  0.46STDAX Saat Defensive StrategyPairCorr
  0.4STMPX Simt Tax ManagedPairCorr
  0.4STMSX Simt Tax ManagedPairCorr
  0.39SSCGX Simt Small CapPairCorr
  0.36SSPIX Simt Sp 500PairCorr
  0.32SSMAX Siit Small MidPairCorr
  0.51SCPAX Siit Large CapPairCorr
  0.49SUSAX Siit Ultra ShortPairCorr
  0.47SDLAX Siit Dynamic AssetPairCorr
  0.43SDYAX Simt Dynamic AssetPairCorr
  0.36SVAYX Simt Large CapPairCorr
  0.35SUSYX Simt Managed VolatilityPairCorr
  0.34SVOAX Simt Managed VolatilityPairCorr
  0.41SEMCX Simt Mid CapPairCorr
  0.4SECAX Siit Small CapPairCorr

Related Correlations Analysis

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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   
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FODVXFIBLX
WAFAXFIBLX
ABNTXFIBLX
ABNTXFODVX
ABNTXANBIX
  
High negative correlations   
TRLDXQMHIX

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.