Sit Emerging Correlations

SITEX Fund  USD 8.77  0.01  0.11%   
The current 90-days correlation between Sit Emerging Markets and American Funds Retirement is 0.47 (i.e., Very 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 0.12 (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

  0.88SAAAX Simt Multi AssetPairCorr
  0.83SRYRX Simt Real ReturnPairCorr
  0.69SSEAX Siit Screened WorldPairCorr
  0.77SSTDX Saat Servative StrategyPairCorr
  0.72SBDAX Stet California MunicipalPairCorr
  0.73SCFYX Simt E FixedPairCorr
  0.74SCLAX Simt Multi AssetPairCorr
  0.76CFVAX Catholic Values FixedPairCorr
  0.78SCOAX Siit E FixedPairCorr
  0.77CFVYX Catholic Values FixedPairCorr
  0.78SCXIX Sei Insti MgdPairCorr
  0.74SCYYX Stet California MunicipalPairCorr
  0.83SDGFX Sdit Short DurationPairCorr
  0.7SVSAX Saat Servative StrategyPairCorr

Moving against Sit Mutual Fund

  0.58TFCAX Tax Free ConservativePairCorr
  0.58TFCYX Tax Free ConservativePairCorr
  0.51ENIAX Siit Opportunistic IncomePairCorr
  0.49STDAX Saat Defensive StrategyPairCorr
  0.41SSCGX Simt Small CapPairCorr
  0.41STMPX Simt Tax ManagedPairCorr
  0.41STMSX Simt Tax ManagedPairCorr
  0.38SSPIX Simt Sp 500PairCorr
  0.34SSMAX Siit Small MidPairCorr
  0.44SDYYX Simt Dynamic AssetPairCorr
  0.43SCPAX Siit Large CapPairCorr
  0.43SDYAX Simt Dynamic AssetPairCorr
  0.42SDLAX Siit Dynamic AssetPairCorr
  0.4SUSAX Siit Ultra ShortPairCorr
  0.4SECPX Sdit Ultra ShortPairCorr
  0.4SECYX Sdit Ultra ShortPairCorr
  0.36SUSYX Simt Managed VolatilityPairCorr
  0.36SVAYX Simt Large CapPairCorr
  0.35SVOAX Simt Managed VolatilityPairCorr
  0.33SVYAX Siit Managed VolatilityPairCorr

Related Correlations Analysis

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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.