Sit Us Correlations

SNGYX Fund

USD 10.27 0.01 0.1%

The current 90-days correlation between Sit Government Securities and Tcw Total Return is 0.93 (i.e., Almost no diversification). The correlation of Sit Us 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 Us Correlation With Market

Good diversification

The correlation between Sit Government Securities and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sit Government Securities 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 Government Securities. 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 manufacturing.

Moving together with Sit Mutual Fund

1.0	SNGVX	Sit U S	Pair Corr
0.93	SQIYX	Sit Mutual Funds	Pair Corr
0.86	SQIFX	Sit Quality Income	Pair Corr
0.94	EASDX	Eaton Vance Short	Pair Corr
0.95	VFIRX	Vanguard Short Term	Pair Corr
0.95	VFISX	Vanguard Short Term	Pair Corr
0.91	VSGBX	Vanguard Short Term	Pair Corr
0.84	VSBIX	Vanguard Short Term	Pair Corr
0.91	VSGDX	Vanguard Short Term	Pair Corr
0.94	FUMBX	Fidelity Short Term	Pair Corr
0.97	ECLDX	Eaton Vance Short	Pair Corr
0.95	EALDX	Eaton Vance Short	Pair Corr
0.96	EILDX	Eaton Vance Short	Pair Corr
0.99	GPBFX	Gmo E Plus	Pair Corr
0.89	GPMFX	Guidepath Managed Futures	Pair Corr
0.64	PQTAX	Pimco Trends Managed	Pair Corr
0.66	PQTNX	Pimco Trends Managed	Pair Corr
0.63	PQTIX	Aa Pimco Tr	Pair Corr

Moving against Sit Mutual Fund

0.73	SNIGX	Sit Large Cap	Pair Corr
0.7	NBNGX	Sit Mid Cap	Pair Corr
0.67	SSCDX	Sit Small Cap	Pair Corr
0.67	SDFSX	Sit Small Cap	Pair Corr
0.65	SDVSX	Sit Dividend Growth	Pair Corr
0.65	SDVGX	Sit Dividend Growth	Pair Corr
0.65	SIBAX	Sit Balanced	Pair Corr
0.64	IESGX	Sit Esg Growth	Pair Corr
0.63	SESGX	Sit Esg Growth	Pair Corr
0.62	SSMGX	Sit Small Cap	Pair Corr
0.43	SDMGX	Sit Developing Markets	Pair Corr
0.37	GDGIX	Sit Global Dividend	Pair Corr
0.36	GDGSX	Sit Global Dividend	Pair Corr
0.8	SPE	Special Opportunities	Pair Corr
0.74	TRLGX	T Rowe Price	Pair Corr
0.63	CII	Blackrock Enhanced	Pair Corr
0.61	HDGIX	Hartford Dividend	Pair Corr

Related Correlations Analysis

	TGMNX	SIGVX	WEFIX	THOPX	JASBX
TGMNX		-0.64	0.24	-0.45	0.68	TGMNX
SIGVX	-0.64		0.47	0.78	-0.05	SIGVX
WEFIX	0.24	0.47		0.53	0.52	WEFIX
THOPX	-0.45	0.78	0.53		-0.09	THOPX
JASBX	0.68	-0.05	0.52	-0.09		JASBX
	TGMNX	SIGVX	WEFIX	THOPX	JASBX

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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

THOPX	+ 0.78	SIGVX
JASBX	+ 0.68	TGMNX
THOPX	+ 0.53	WEFIX
JASBX	+ 0.52	WEFIX
WEFIX	+ 0.47	SIGVX
WEFIX	+ 0.24	TGMNX

High negative correlations

SIGVX	- 0.64	TGMNX
THOPX	- 0.45	TGMNX
JASBX	- 0.09	THOPX
JASBX	- 0.05	SIGVX

Risk-Adjusted Indicators

There is a big difference between Sit Mutual Fund performing well and Sit Us 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 Us' 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
TGMNX	0.28	(0.03)	0.00	0.67	0.00	0.00	0.60	(0.85)	1.86
SIGVX	0.06	0.01	(0.75)	(0.44)	0.00	(0.16)	0.10	(0.10)	0.61
WEFIX	0.08	0.00	(0.99)	(0.01)	0.00	(0.12)	0.17	(0.08)	0.50
THOPX	0.08	0.03	(0.59)	(1.24)	0.00	(0.13)	0.19	(0.10)	0.39
JASBX	0.09	0.00	(0.27)	(0.03)	0.06	(0.39)	0.35	(0.35)	1.05

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