Simt Sp Correlations

SPIIX Fund

USD 91.88 0.19 0.21%

The current 90-days correlation between Simt Sp 500 and Simt Sp 500 is -0.21 (i.e., Very good diversification). The correlation of Simt Sp 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 Sp Correlation With Market

Good diversification

The correlation between Simt Sp 500 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Sp 500 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 Sp 500. 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 SIMT Mutual Fund

0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.68	VINIX	Vanguard Institutional	Pair Corr
0.68	VIIIX	Vanguard Institutional	Pair Corr
0.73	CISGX	Touchstone Sands Capital	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.66	WMT	Walmart	Pair Corr
0.83	AXP	American Express	Pair Corr

Moving against SIMT Mutual Fund

0.52

Verizon Communications

Pair Corr

Related Correlations Analysis

	SSPIX	SXPCX	SDLAX	PSICX	ASERX
SSPIX		0.24	0.21	0.19	0.14	SSPIX
SXPCX	0.24		0.89	0.9	0.95	SXPCX
SDLAX	0.21	0.89		0.99	0.81	SDLAX
PSICX	0.19	0.9	0.99		0.85	PSICX
ASERX	0.14	0.95	0.81	0.85		ASERX
	SSPIX	SXPCX	SDLAX	PSICX	ASERX

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Risk-Adjusted Indicators

There is a big difference between SIMT Mutual Fund performing well and Simt Sp 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 Sp'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SSPIX	0.98	(0.16)	(0.19)	1.26	(1.78)	10.78
SXPCX	0.80	(0.09)	0.68	1.26	(1.73)	4.52
SDLAX	0.80	(0.01)	(0.09)	1.43	(1.89)	4.55
PSICX	0.79	(0.04)	(0.12)	1.60	(1.76)	4.51
ASERX	1.05	(0.19)	0.89	1.81	(2.33)	6.32

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