Simt Multi Correlations

SLFYX Fund

USD 7.99 0.02 0.25%

The current 90-days correlation between Simt Multi Asset and Capital Income Builder is 0.13 (i.e., Average diversification). The correlation of Simt Multi 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 Multi Correlation With Market

Significant diversification

The correlation between Simt Multi Asset Inflation and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Inflation 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 Multi Asset Inflation. 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

0.75	SAAAX	Simt Multi Asset	Pair Corr
0.68	SRYRX	Simt Real Return	Pair Corr
0.65	SSEAX	Siit Screened World	Pair Corr

Moving against Simt Mutual Fund

0.36	TFCYX	Tax Free Conservative	Pair Corr
0.35	TFCAX	Tax Free Conservative	Pair Corr
0.33	ENIAX	Siit Opportunistic Income	Pair Corr
0.31	STDAX	Saat Defensive Strategy	Pair Corr

Related Correlations Analysis

	RIRAX	RIRCX	RIRFX	CIRCX	CIRFX
RIRAX		1.0	1.0	0.88	1.0	RIRAX
RIRCX	1.0		1.0	0.87	1.0	RIRCX
RIRFX	1.0	1.0		0.86	1.0	RIRFX
CIRCX	0.88	0.87	0.86		0.86	CIRCX
CIRFX	1.0	1.0	1.0	0.86		CIRFX
	RIRAX	RIRCX	RIRFX	CIRCX	CIRFX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi 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 Multi'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
RIRAX	0.31	0.02	(0.24)	0.40	0.30	(0.34)	0.65	(0.52)	1.82
RIRCX	0.31	0.02	(0.23)	0.44	0.31	(0.34)	0.65	(0.52)	1.82
RIRFX	0.31	0.02	(0.23)	0.47	0.30	(0.35)	0.66	(0.50)	1.84
CIRCX	0.31	(0.04)	(0.29)	0.01	0.35	(0.33)	0.53	(0.53)	1.78
CIRFX	0.31	0.02	(0.24)	0.45	0.30	(0.35)	0.67	(0.50)	1.81

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