Summit Global Correlations

LVOLX Fund

USD 17.74 0.18 1.03%

The current 90-days correlation between Summit Global Investments and Summit Global Investments is 1.0 (i.e., No risk reduction). The correlation of Summit Global 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.

Summit Global Correlation With Market

Significant diversification

The correlation between Summit Global Investments and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Global Investments and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Summit Global Investments. 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 bureau of economic analysis.

Moving together with Summit Mutual Fund

1.0	SGICX	Summit Global Investments	Pair Corr
0.99	SGLIX	Summit Global Investments	Pair Corr
0.76	SGPGX	Sgi Prudent Growth	Pair Corr
1.0	SILVX	Summit Global Investments	Pair Corr
0.66	BOGIX	Bogle Small Cap	Pair Corr
0.65	SLASX	Selected American Shares	Pair Corr

Moving against Summit Mutual Fund

0.47	VUSFX	Vanguard Ultra-short-term	Pair Corr
0.45	SUSAX	Siit Ultra Short	Pair Corr

Related Correlations Analysis

	SILVX	SDLAX	AUENX	QUERX	CYPSX
SILVX		0.94	0.87	0.87	0.51	SILVX
SDLAX	0.94		0.9	0.9	0.56	SDLAX
AUENX	0.87	0.9		1.0	0.34	AUENX
QUERX	0.87	0.9	1.0		0.33	QUERX
CYPSX	0.51	0.56	0.34	0.33		CYPSX
	SILVX	SDLAX	AUENX	QUERX	CYPSX

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Risk-Adjusted Indicators

There is a big difference between Summit Mutual Fund performing well and Summit Global 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 Summit Global'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SILVX	0.88	(0.35)	(3.03)	1.00	(1.35)	18.33
SDLAX	1.21	(0.35)	(0.58)	1.16	(1.89)	26.55
AUENX	0.84	(0.17)	(0.22)	0.91	(1.13)	18.34
QUERX	0.84	(0.16)	(0.22)	0.91	(1.13)	18.46
CYPSX	1.55	(0.24)	(0.27)	3.09	(3.81)	9.51

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