Sit International Correlations

SNGRX Fund

USD 22.60 0.14 0.62%

The current 90-days correlation between Sit International Growth and Fidelity International Growth is 0.94 (i.e., Almost no diversification). The correlation of Sit International 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 International Correlation With Market

Very weak diversification

The correlation between Sit International Growth and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit International Growth 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 International Growth. 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 metropolitan statistical area.

Moving together with Sit Mutual Fund

0.97	RERFX	Europacific Growth	Pair Corr
0.97	AEPFX	Europacific Growth	Pair Corr
0.98	CEUAX	Europacific Growth	Pair Corr
0.98	CEUCX	Europacific Growth	Pair Corr
0.98	RERCX	Europacific Growth	Pair Corr
0.98	REREX	Europacific Growth	Pair Corr
0.97	RERGX	Europacific Growth	Pair Corr
0.98	CEUFX	Europacific Growth	Pair Corr
0.98	CEUEX	Europacific Growth	Pair Corr
0.98	RERAX	Europacific Growth	Pair Corr
0.64	CIF	Mfs Intermediate High	Pair Corr
0.68	NXJ	Nuveen New Jersey	Pair Corr

Moving against Sit Mutual Fund

0.52	XPPRX	Voya Prime Rate	Pair Corr
0.37	BDJ	Blackrock Enhanced Equity	Pair Corr

Related Correlations Analysis

	FZAJX	FIDGX	FZAMX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
FZAJX		-0.15	-0.15	0.26	0.0	-0.32	0.38	0.32	0.06	0.55	FZAJX
FIDGX	-0.15		0.99	-0.62	0.0	-0.11	0.66	0.01	0.69	-0.6	FIDGX
FZAMX	-0.15	0.99		-0.63	0.0	-0.14	0.67	0.1	0.72	-0.67	FZAMX
444859BR2	0.26	-0.62	-0.63		0.0	0.3	-0.5	-0.06	-0.55	0.5	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.32	-0.11	-0.14	0.3	0.0		-0.44	-0.34	-0.33	-0.07	BRRAY
MSTSX	0.38	0.66	0.67	-0.5	0.0	-0.44		0.27	0.69	-0.06	MSTSX
ABHYX	0.32	0.01	0.1	-0.06	0.0	-0.34	0.27		0.56	-0.14	ABHYX
LBHIX	0.06	0.69	0.72	-0.55	0.0	-0.33	0.69	0.56		-0.38	LBHIX
SCAXF	0.55	-0.6	-0.67	0.5	0.0	-0.07	-0.06	-0.14	-0.38		SCAXF
	FZAJX	FIDGX	FZAMX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FZAMX	+ 0.99	FIDGX
LBHIX	+ 0.72	FZAMX
LBHIX	+ 0.69	FIDGX
LBHIX	+ 0.69	MSTSX
MSTSX	+ 0.67	FZAMX
MSTSX	+ 0.66	FIDGX

High negative correlations

SCAXF	- 0.67	FZAMX
444859BR2	- 0.63	FZAMX
444859BR2	- 0.62	FIDGX
SCAXF	- 0.6	FIDGX
LBHIX	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit International 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 International'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
FZAJX	0.69	(0.11)	0.00	(0.03)	0.00	0.00	1.27	(1.56)	4.55
FIDGX	0.88	(0.01)	0.04	0.12	1.00	(0.93)	1.75	(1.58)	6.21
FZAMX	0.70	0.02	0.04	0.14	0.62	(0.80)	1.58	(1.15)	4.96
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.13)	0.07	0.50	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.23)	(0.15)	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(19.66)	0.00	0.00	0.00	0.00	23.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC