Summit Global Correlations

SGLIX Fund

USD 31.37 0.07 0.22%

The current 90-days correlation between Summit Global Investments and Ancorathelen Small Mid Cap is 0.2 (i.e., Modest 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 -0.12 (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.

Check out World Market Map 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 gross domestic product.

Moving together with Summit Mutual Fund

0.99	SGICX	Summit Global Investments	Pair Corr
0.67	SGPKX	Sgi Peak Growth	Pair Corr
0.71	SGPGX	Sgi Prudent Growth	Pair Corr
0.86	SILVX	Summit Global Investments	Pair Corr
0.7	BOGIX	Bogle Small Cap	Pair Corr
0.86	LVOLX	Summit Global Investments	Pair Corr
0.94	FCWGX	American Funds Capital	Pair Corr
0.94	FWCGX	American Funds Capital	Pair Corr
0.9	CWGIX	Capital World Growth	Pair Corr
0.9	CWGFX	Capital World Growth	Pair Corr
0.94	CWGCX	Capital World Growth	Pair Corr
0.9	RWIFX	Capital World Growth	Pair Corr
0.9	CWICX	Capital World Growth	Pair Corr
0.9	RWIAX	Capital World Growth	Pair Corr
0.94	CWIAX	Capital World Growth	Pair Corr
0.9	WGIFX	Capital World Growth	Pair Corr
0.9	BRUFX	Bruce Fund Bruce	Pair Corr

Moving against Summit Mutual Fund

0.48	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.39	XGEIX	Guggenheim Energy Income	Pair Corr
0.38	VIGAX	Vanguard Growth Index	Pair Corr
0.45	POGAX	Putnam Growth Opport	Pair Corr
0.37	ETJ	Eaton Vance Risk	Pair Corr
0.32	MISXX	Morgan Stanley Insti	Pair Corr
0.31	IFRIX	Voya Floating Rate	Pair Corr
0.31	JUCIX	Janus Global Unconst	Pair Corr

Related Correlations Analysis

	AATSX	ACWDX	SCYVX	RTSCX	CCMSX	PGSGX
AATSX		0.92	0.9	0.9	0.0	0.91	AATSX
ACWDX	0.92		0.93	0.92	0.0	0.98	ACWDX
SCYVX	0.9	0.93		0.98	0.0	0.88	SCYVX
RTSCX	0.9	0.92	0.98		0.0	0.89	RTSCX
CCMSX	0.0	0.0	0.0	0.0		0.0	CCMSX
PGSGX	0.91	0.98	0.88	0.89	0.0		PGSGX
	AATSX	ACWDX	SCYVX	RTSCX	CCMSX	PGSGX

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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

PGSGX	+ 0.98	ACWDX
RTSCX	+ 0.98	SCYVX
SCYVX	+ 0.93	ACWDX
ACWDX	+ 0.92	AATSX
RTSCX	+ 0.92	ACWDX
PGSGX	+ 0.91	AATSX

High negative correlations

PGSGX	- 0.0	CCMSX
CCMSX	- 0.0	RTSCX
CCMSX	- 0.0	SCYVX
CCMSX	- 0.0	ACWDX
CCMSX	- 0.0	AATSX

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
AATSX	0.88	(0.05)	0.00	(0.09)	0.00	0.00	2.03	(1.22)	11.56
ACWDX	0.76	0.02	0.01	0.07	1.01	(0.85)	1.52	(1.38)	8.59
SCYVX	0.90	(0.05)	0.00	(0.15)	0.00	0.00	1.75	(1.46)	10.44
RTSCX	0.77	(0.04)	0.00	(0.21)	0.00	0.00	1.66	(1.34)	8.88
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGSGX	0.94	0.06	0.04	0.20	1.20	(0.97)	1.90	(1.70)	8.96

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