Simt Multi-asset Correlations

SCLAX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Simt Multi Asset and Boston Partners Small is 0.61 (i.e., Poor diversification). The correlation of Simt Multi-asset 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.

Simt Multi-asset Correlation With Market

Poor diversification

The correlation between Simt Multi Asset Capital and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Capital 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 Simt Multi Asset Capital. 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 nation.

Moving together with Simt Mutual Fund

0.84	SSEAX	Siit Screened World	Pair Corr
0.9	SSGAX	Saat Aggressive Strategy	Pair Corr
0.89	SASDX	Saat Aggressive Strategy	Pair Corr
0.69	SBDAX	Stet California Municipal	Pair Corr
0.69	ENIAX	Siit Opportunistic Income	Pair Corr
0.82	STVYX	Simt Tax Managed	Pair Corr
0.65	SCFYX	Simt E Fixed	Pair Corr
0.99	SCMSX	Saat E Market	Pair Corr
0.64	SCXIX	Sei Insti Mgd	Pair Corr
0.92	SUSYX	Simt Managed Volatility	Pair Corr
0.75	SVAYX	Simt Large Cap	Pair Corr
0.92	SVOAX	Simt Managed Volatility	Pair Corr
0.88	SVSAX	Saat Servative Strategy	Pair Corr
0.9	SEAIX	Saat Aggressive Strategy	Pair Corr
0.64	SEDIX	Saat Defensive Strategy	Pair Corr
0.65	SECPX	Sdit Ultra Short	Pair Corr
0.68	RRPAX	Siit Real Return	Pair Corr
0.67	SEDAX	Siit Emerging Markets	Pair Corr
0.65	SECYX	Sdit Ultra Short	Pair Corr
0.81	SEFIX	Sit International Fixed	Pair Corr
0.93	SVYAX	Siit Managed Volatility	Pair Corr
0.77	SEEIX	Sei Instit International	Pair Corr
0.77	SEFCX	Sit International Equity	Pair Corr
0.73	SEIAX	Siit Multi Asset	Pair Corr

Related Correlations Analysis

	BPSCX	ABYSX	LVAQX	TIMVX	FMCRX	SHPSX	UCPIX	ASVIX
BPSCX		0.98	0.94	0.95	0.96	-0.93	-0.95	0.87	BPSCX
ABYSX	0.98		0.95	0.96	0.99	-0.95	-0.97	0.88	ABYSX
LVAQX	0.94	0.95		0.88	0.95	-0.95	-0.96	0.76	LVAQX
TIMVX	0.95	0.96	0.88		0.96	-0.85	-0.89	0.9	TIMVX
FMCRX	0.96	0.99	0.95	0.96		-0.95	-0.97	0.88	FMCRX
SHPSX	-0.93	-0.95	-0.95	-0.85	-0.95		0.99	-0.77	SHPSX
UCPIX	-0.95	-0.97	-0.96	-0.89	-0.97	0.99		-0.81	UCPIX
ASVIX	0.87	0.88	0.76	0.9	0.88	-0.77	-0.81		ASVIX
	BPSCX	ABYSX	LVAQX	TIMVX	FMCRX	SHPSX	UCPIX	ASVIX

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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

FMCRX	+ 0.99	ABYSX
UCPIX	+ 0.99	SHPSX
ABYSX	+ 0.98	BPSCX
FMCRX	+ 0.96	BPSCX
TIMVX	+ 0.96	ABYSX
FMCRX	+ 0.96	TIMVX

High negative correlations

UCPIX	- 0.97	FMCRX
UCPIX	- 0.97	ABYSX
UCPIX	- 0.96	LVAQX
SHPSX	- 0.95	FMCRX
SHPSX	- 0.95	LVAQX
SHPSX	- 0.95	ABYSX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi-asset 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 Simt Multi-asset'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
BPSCX	0.84	(0.10)	0.00	(0.10)	0.00	0.00	1.61	(2.10)	4.06
ABYSX	0.87	(0.11)	0.00	(0.10)	0.00	0.00	1.43	(2.08)	4.03
LVAQX	0.85	(0.15)	0.00	(0.16)	0.00	0.00	1.58	(1.87)	3.75
TIMVX	0.77	(0.06)	0.00	(0.06)	0.00	0.00	1.41	(1.75)	3.55
FMCRX	0.87	(0.11)	0.00	(0.10)	0.00	0.00	1.46	(2.18)	4.06
SHPSX	1.02	0.18	0.15	(0.16)	1.05	(1.18)	2.75	(1.79)	7.00
UCPIX	1.98	0.34	0.14	(0.15)	2.12	(2.20)	5.49	(3.62)	13.88
ASVIX	0.85	(0.08)	0.00	(0.87)	0.00	0.00	1.94	(2.26)	4.45

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