Sit Emerging Correlations

SITEX Fund

USD 8.77 0.01 0.11%

The current 90-days correlation between Sit Emerging Markets and Guggenheim Risk Managed is -0.06 (i.e., Good 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

Significant diversification

The correlation between Sit Emerging Markets and DJI is 0.03 (i.e., Significant 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

0.92	SAAAX	Simt Multi Asset	Pair Corr
0.88	SRYRX	Simt Real Return	Pair Corr
0.67	SSEAX	Siit Screened World	Pair Corr
0.78	SSTDX	Saat Servative Strategy	Pair Corr
0.75	SBDAX	Stet California Municipal	Pair Corr
0.8	SCFYX	Simt E Fixed	Pair Corr
0.76	CFVAX	Catholic Values Fixed	Pair Corr
0.78	SCOAX	Siit E Fixed	Pair Corr
0.77	CFVYX	Catholic Values Fixed	Pair Corr
0.73	SCYYX	Stet California Municipal	Pair Corr
0.85	SDGFX	Sdit Short Duration	Pair Corr
0.71	SVSAX	Saat Servative Strategy	Pair Corr
0.78	SEDIX	Saat Defensive Strategy	Pair Corr

Moving against Sit Mutual Fund

0.6	TFCYX	Tax Free Conservative	Pair Corr
0.59	TFCAX	Tax Free Conservative	Pair Corr
0.5	ENIAX	Siit Opportunistic Income	Pair Corr
0.49	STDAX	Saat Defensive Strategy	Pair Corr
0.4	SSCGX	Simt Small Cap	Pair Corr
0.4	STMPX	Simt Tax Managed	Pair Corr
0.4	STMSX	Simt Tax Managed	Pair Corr
0.37	SSPIX	Simt Sp 500	Pair Corr
0.33	SSMAX	Siit Small Mid	Pair Corr
0.45	SCPAX	Siit Large Cap	Pair Corr
0.44	SDYAX	Simt Dynamic Asset	Pair Corr
0.42	SDLAX	Siit Dynamic Asset	Pair Corr
0.4	SUSAX	Siit Ultra Short	Pair Corr
0.37	SVAYX	Simt Large Cap	Pair Corr
0.37	SVOAX	Simt Managed Volatility	Pair Corr
0.36	SUSYX	Simt Managed Volatility	Pair Corr
0.42	SEMCX	Simt Mid Cap	Pair Corr
0.4	SECAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	GURPX	MXREX	DAREX	PNDIX	PRKAX	SEIRX	CREYX	FIKMX
GURPX		0.99	0.74	0.09	0.66	0.8	0.98	0.75	GURPX
MXREX	0.99		0.69	0.0	0.63	0.76	0.96	0.78	MXREX
DAREX	0.74	0.69		0.05	0.89	0.51	0.76	0.72	DAREX
PNDIX	0.09	0.0	0.05		0.0	0.34	0.23	-0.33	PNDIX
PRKAX	0.66	0.63	0.89	0.0		0.43	0.7	0.8	PRKAX
SEIRX	0.8	0.76	0.51	0.34	0.43		0.81	0.5	SEIRX
CREYX	0.98	0.96	0.76	0.23	0.7	0.81		0.71	CREYX
FIKMX	0.75	0.78	0.72	-0.33	0.8	0.5	0.71		FIKMX
	GURPX	MXREX	DAREX	PNDIX	PRKAX	SEIRX	CREYX	FIKMX

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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

MXREX	+ 0.99	GURPX
CREYX	+ 0.98	GURPX
CREYX	+ 0.96	MXREX
PRKAX	+ 0.89	DAREX
CREYX	+ 0.81	SEIRX
SEIRX	+ 0.8	GURPX

High negative correlations

FIKMX	- 0.33	PNDIX
PRKAX	- 0.0	PNDIX
PNDIX	- 0.0	MXREX

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
GURPX	0.61	(0.01)	(0.16)	0.10	0.70	(0.68)	1.24	(1.11)	3.21
MXREX	0.68	(0.01)	(0.13)	0.11	0.83	(0.73)	1.34	(1.33)	3.72
DAREX	0.69	0.02	(0.11)	0.38	0.93	(0.65)	1.28	(1.56)	3.85
PNDIX	0.05	0.01	0.00	(1.57)	0.00	0.00	0.10	0.00	0.70
PRKAX	0.54	0.01	(0.15)	0.24	0.60	(0.63)	0.98	(1.24)	2.80
SEIRX	0.69	0.01	(0.10)	0.20	0.79	(0.77)	1.27	(1.35)	3.65
CREYX	0.70	0.00	(0.13)	0.12	0.85	(0.73)	1.31	(1.32)	3.61
FIKMX	0.22	0.00	(0.41)	0.19	0.22	(0.23)	0.49	(0.41)	1.22

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