Simt Dynamic Correlations

SDYYX Fund

USD 16.26 0.03 0.18%

The current 90-days correlation between Simt Dynamic Asset and Blackrock Health Sciences is 0.42 (i.e., Very weak diversification). The correlation of Simt Dynamic 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 Dynamic Correlation With Market

Poor diversification

The correlation between Simt Dynamic Asset and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Dynamic Asset 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 Dynamic Asset. 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 Simt Mutual Fund

0.9	SSCGX	Simt Small Cap	Pair Corr
0.9	SSMAX	Siit Small Mid	Pair Corr
0.98	SSPIX	Simt Sp 500	Pair Corr
0.96	STLYX	Simt Tax Managed	Pair Corr
0.89	STMPX	Simt Tax Managed	Pair Corr
0.89	STMSX	Simt Tax Managed	Pair Corr
0.85	SCPAX	Siit Large Cap	Pair Corr
0.74	SDLAX	Siit Dynamic Asset	Pair Corr
0.75	SVAYX	Simt Large Cap	Pair Corr
1.0	SDYAX	Simt Dynamic Asset	Pair Corr

Moving against Simt Mutual Fund

0.43	SRYRX	Simt Real Return	Pair Corr
0.43	TFCAX	Tax Free Conservative	Pair Corr
0.41	SCFYX	Simt E Fixed	Pair Corr
0.41	SCOAX	Siit E Fixed	Pair Corr
0.4	TFCYX	Tax Free Conservative	Pair Corr
0.39	CFVAX	Catholic Values Fixed	Pair Corr
0.39	CFVYX	Catholic Values Fixed	Pair Corr
0.36	ENIAX	Siit Opportunistic Income	Pair Corr
0.53	SDGFX	Sdit Short Duration	Pair Corr
0.49	SUSAX	Siit Ultra Short	Pair Corr
0.46	SECYX	Sdit Ultra Short	Pair Corr
0.45	SECPX	Sdit Ultra Short	Pair Corr
0.42	RRPAX	Siit Real Return	Pair Corr
0.41	SCXIX	Sei Insti Mgd	Pair Corr
0.4	SUMAX	Stet Short Duration	Pair Corr
0.38	SEGMX	Sdit Gnma Fund	Pair Corr
0.34	SEIAX	Siit Multi Asset	Pair Corr

Related Correlations Analysis

	SHSAX	XXGRX	PJHRX	VGHCX	BGHDX	ETAHX	HIAHX
SHSAX		0.85	-0.08	0.27	-0.13	0.51	0.88	SHSAX
XXGRX	0.85		0.02	0.37	0.01	0.4	0.77	XXGRX
PJHRX	-0.08	0.02		0.91	0.52	0.34	0.15	PJHRX
VGHCX	0.27	0.37	0.91		0.5	0.35	0.39	VGHCX
BGHDX	-0.13	0.01	0.52	0.5		0.03	-0.02	BGHDX
ETAHX	0.51	0.4	0.34	0.35	0.03		0.8	ETAHX
HIAHX	0.88	0.77	0.15	0.39	-0.02	0.8		HIAHX
	SHSAX	XXGRX	PJHRX	VGHCX	BGHDX	ETAHX	HIAHX

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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

VGHCX	+ 0.91	PJHRX
HIAHX	+ 0.88	SHSAX
XXGRX	+ 0.85	SHSAX
HIAHX	+ 0.8	ETAHX
HIAHX	+ 0.77	XXGRX
BGHDX	+ 0.52	PJHRX

High negative correlations

BGHDX	- 0.13	SHSAX
PJHRX	- 0.08	SHSAX
HIAHX	- 0.02	BGHDX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Dynamic 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 Dynamic'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
SHSAX	0.63	0.06	0.12	0.04	0.71	(0.70)	1.33	(0.95)	3.73
XXGRX	0.76	0.02	0.00	(0.03)	0.00	0.00	1.51	(1.62)	4.62
PJHRX	1.07	(0.19)	0.00	(0.41)	0.00	0.00	1.79	(2.06)	14.08
VGHCX	0.77	(0.10)	0.00	(0.26)	0.00	0.00	1.49	(1.50)	8.17
BGHDX	0.02	(0.02)	0.00	(1.44)	0.00	0.00	0.00	0.00	0.35
ETAHX	1.15	0.01	0.00	(0.06)	0.00	0.00	1.88	(2.74)	6.50
HIAHX	0.68	0.03	0.00	(0.03)	0.00	0.00	1.39	(1.22)	4.43

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