Simt High Correlations

SHYAX Fund

USD 5.39 0.01 0.19%

The current 90-days correlation between Simt High Yield and Payden Government Fund is 0.19 (i.e., Average diversification). The correlation of Simt High 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 High Correlation With Market

Modest diversification

The correlation between Simt High Yield and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield 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 High Yield. 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

0.75	VWEAX	Vanguard High Yield	Pair Corr
0.78	VWEHX	Vanguard High Yield	Pair Corr
0.61	BHYCX	Blackrock Hi Yld	Pair Corr
0.63	BHYIX	Blackrock High Yield	Pair Corr
0.79	BHYSX	Blackrock Hi Yld	Pair Corr
0.79	BHYAX	Blackrock High Yield	Pair Corr
0.89	FAHHX	American Funds American	Pair Corr
0.88	FTAHX	American Funds American	Pair Corr
0.67	AHTFX	American High Income	Pair Corr
0.86	AHTCX	American High Income	Pair Corr

Moving against Simt Mutual Fund

0.43	SMPSX	Semiconductor Ultrasector	Pair Corr
0.43	SMPIX	Semiconductor Ultrasector	Pair Corr
0.41	INTC	Intel Earnings Call This Week	Pair Corr
0.31	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PYUSX	TWARX	UGSDX	IVMXX	FCSCX
PYUSX		0.84	0.01	0.0	0.57	PYUSX
TWARX	0.84		0.33	0.0	0.86	TWARX
UGSDX	0.01	0.33		0.0	0.64	UGSDX
IVMXX	0.0	0.0	0.0		0.0	IVMXX
FCSCX	0.57	0.86	0.64	0.0		FCSCX
	PYUSX	TWARX	UGSDX	IVMXX	FCSCX

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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

FCSCX	+ 0.86	TWARX
TWARX	+ 0.84	PYUSX
FCSCX	+ 0.64	UGSDX
FCSCX	+ 0.57	PYUSX
UGSDX	+ 0.33	TWARX
UGSDX	+ 0.01	PYUSX

High negative correlations

FCSCX	- 0.0	IVMXX
IVMXX	- 0.0	UGSDX
IVMXX	- 0.0	TWARX
IVMXX	- 0.0	PYUSX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt High 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 High'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
PYUSX	0.11	(0.01)	(0.17)	(0.38)	0.13	(0.18)	0.32	(0.21)	0.75
TWARX	0.07	(0.01)	(0.21)	(0.58)	0.04	(0.17)	0.22	(0.11)	0.67
UGSDX	0.05	0.01	0.00	(0.79)	0.00	0.00	0.00	0.00	1.03
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSCX	0.05	0.00	(0.14)	0.01	0.00	(0.29)	0.13	(0.13)	0.67

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