Simt High Correlations

SIYYX Fund

USD 5.35 0.01 0.19%

The current 90-days correlation between Simt High Yield and Artisan High Income is 0.02 (i.e., Significant 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

Weak diversification

The correlation between Simt High Yield and DJI is 0.32 (i.e., Weak 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 manufacturing.

Moving together with Simt Mutual Fund

0.79	SAAAX	Simt Multi Asset	Pair Corr
0.7	SRWAX	Saat Market Growth	Pair Corr
0.81	SRYRX	Simt Real Return	Pair Corr
0.8	SSEAX	Siit Screened World	Pair Corr
0.73	SSGAX	Saat Aggressive Strategy	Pair Corr
0.82	TFCYX	Tax Free Conservative	Pair Corr
0.81	STAYX	Stet Tax Advantaged	Pair Corr
0.86	ENIAX	Siit Opportunistic Income	Pair Corr
0.78	SUSAX	Siit Ultra Short	Pair Corr
0.89	SVSAX	Saat Servative Strategy	Pair Corr
0.82	RRPAX	Siit Real Return	Pair Corr
0.81	SEDAX	Siit Emerging Markets	Pair Corr
0.65	SEFIX	Sit International Fixed	Pair Corr
0.73	SEFCX	Sit International Equity	Pair Corr
0.84	SEIAX	Siit Multi Asset	Pair Corr
0.72	SEITX	Sit International Equity	Pair Corr
0.99	SEIYX	Simt High Yield	Pair Corr
0.62	SEQFX	Sit Emerging Markets	Pair Corr
0.91	AAEZX	Enhanced Fixed Income	Pair Corr
0.78	WEUSX	Siit World Equity	Pair Corr
0.62	SGMIX	Simt Global Managed	Pair Corr
0.74	SGMYX	Sdit Gnma Fund	Pair Corr
0.99	SGYAX	Siit High Yield	Pair Corr

Related Correlations Analysis

	APDFX	SEQFX	SEFCX	SINYX	FIHLX
APDFX		0.65	0.78	0.84	0.95	APDFX
SEQFX	0.65		0.89	0.65	0.64	SEQFX
SEFCX	0.78	0.89		0.76	0.77	SEFCX
SINYX	0.84	0.65	0.76		0.86	SINYX
FIHLX	0.95	0.64	0.77	0.86		FIHLX
	APDFX	SEQFX	SEFCX	SINYX	FIHLX

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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
APDFX	0.14	0.00	0.35	0.04	0.12	(0.21)	0.44	(0.22)	0.89
SEQFX	0.69	0.06	0.11	0.09	0.84	(0.75)	1.42	(1.48)	5.16
SEFCX	0.79	0.07	0.04	0.01	1.79	(0.70)	1.43	(1.54)	8.16
SINYX	0.14	(0.01)	0.00	(0.45)	0.00	0.00	0.27	(0.36)	0.91
FIHLX	0.15	0.01	0.28	(0.01)	0.14	(0.22)	0.45	(0.23)	1.14

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Simt High Correlations

Simt High Correlation With Market

Weak diversification

Moving together with Simt Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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