Summit Global Correlations
| SCLVXDelisted Fund | USD 11.91 0.00 0.00% |
The current 90-days correlation between Summit Global Investments and Precious Metals And is 0.12 (i.e., Average diversification). 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
Good diversification
The correlation between Summit Global Investments and DJI is -0.09 (i.e., Good 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.
Summit |
Moving together with Summit Mutual Fund
| 0.66 | WMT | Walmart | PairCorr |
| 0.66 | DIS | Walt Disney | PairCorr |
| 0.68 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Summit Mutual Fund
| 0.67 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.67 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.6 | BTMKX | Blackrock International | PairCorr |
| 0.48 | PRVIX | T Rowe Price | PairCorr |
| 0.47 | PASVX | T Rowe Price | PairCorr |
| 0.47 | PRSVX | T Rowe Price | PairCorr |
| 0.46 | TRZVX | T Rowe Price | PairCorr |
| 0.76 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.6 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.55 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.5 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.47 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UIPMX | 1.32 | (0.18) | 0.00 | (0.61) | 0.00 | 2.60 | 8.80 | |||
| OGMCX | 1.35 | (0.18) | 0.00 | (0.79) | 0.00 | 2.63 | 8.95 | |||
| GLDAX | 1.31 | (0.15) | 0.00 | (0.90) | 0.00 | 2.64 | 8.38 | |||
| USERX | 1.34 | (0.21) | 0.00 | (1.19) | 0.00 | 3.05 | 8.88 | |||
| UNWPX | 1.24 | (0.09) | 0.00 | 8.02 | 0.00 | 2.60 | 6.87 | |||
| FGDIX | 1.34 | (0.20) | 0.00 | (0.80) | 0.00 | 2.67 | 9.33 | |||
| FEGOX | 1.33 | (0.22) | 0.00 | (1.11) | 0.00 | 2.83 | 8.42 |
Summit Global Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Global mutual fund to make a market-neutral strategy. Peer analysis of Summit Global could also be used in its relative valuation, which is a method of valuing Summit Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Summit Global Investments?
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