Simt Small Correlations

SSCGX Fund

USD 32.26 0.09 0.28%

The current 90-days correlation between Simt Small Cap and Doubleline Global Bond is 0.23 (i.e., Modest diversification). The correlation of Simt Small 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 Small Correlation With Market

Poor diversification

The correlation between Simt Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small Cap 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 Small Cap. 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 price.

Moving together with Simt Mutual Fund

0.98	SSMAX	Siit Small Mid	Pair Corr
0.89	SSPIX	Simt Sp 500	Pair Corr
0.8	STLYX	Simt Tax Managed	Pair Corr
0.99	STMPX	Simt Tax Managed	Pair Corr
0.93	STMSX	Simt Tax Managed	Pair Corr
0.89	SCPAX	Siit Large Cap	Pair Corr
0.89	SDLAX	Siit Dynamic Asset	Pair Corr
0.9	SDYAX	Simt Dynamic Asset	Pair Corr
0.9	SDYYX	Simt Dynamic Asset	Pair Corr

Moving against Simt Mutual Fund

0.75	SCXIX	Sei Insti Mgd	Pair Corr
0.74	SCFYX	Simt E Fixed	Pair Corr
0.74	SCOAX	Siit E Fixed	Pair Corr
0.73	SRYRX	Simt Real Return	Pair Corr
0.73	CFVAX	Catholic Values Fixed	Pair Corr
0.73	CFVYX	Catholic Values Fixed	Pair Corr
0.7	TFCAX	Tax Free Conservative	Pair Corr
0.62	ENIAX	Siit Opportunistic Income	Pair Corr
0.57	STDAX	Saat Defensive Strategy	Pair Corr
0.5	SSEAX	Siit Screened World	Pair Corr
0.5	SSTDX	Saat Servative Strategy	Pair Corr
0.5	STAYX	Stet Tax Advantaged	Pair Corr
0.35	SBDAX	Stet California Municipal	Pair Corr
0.31	STVYX	Simt Tax Managed	Pair Corr
0.79	SDGFX	Sdit Short Duration	Pair Corr
0.72	SEGMX	Sdit Gnma Fund	Pair Corr
0.71	SUMAX	Stet Short Duration	Pair Corr
0.71	SECPX	Sdit Ultra Short	Pair Corr
0.71	SECYX	Sdit Ultra Short	Pair Corr
0.65	RRPAX	Siit Real Return	Pair Corr
0.63	SEEIX	Sei Instit International	Pair Corr
0.63	SEFCX	Sit International Equity	Pair Corr
0.63	SEIAX	Siit Multi Asset	Pair Corr
0.5	SEDIX	Saat Defensive Strategy	Pair Corr
0.47	SCYYX	Stet California Municipal	Pair Corr
0.46	SEDAX	Siit Emerging Markets	Pair Corr

Related Correlations Analysis

	DBLGX	PRSAX	GLOIX	RGHYX	GGIJX	MSTGX	TEDIX	DBIWX
DBLGX		0.95	0.91	0.71	0.76	0.89	0.81	0.79	DBLGX
PRSAX	0.95		0.91	0.82	0.71	0.93	0.79	0.86	PRSAX
GLOIX	0.91	0.91		0.75	0.76	0.91	0.81	0.83	GLOIX
RGHYX	0.71	0.82	0.75		0.62	0.91	0.69	0.93	RGHYX
GGIJX	0.76	0.71	0.76	0.62		0.73	0.61	0.62	GGIJX
MSTGX	0.89	0.93	0.91	0.91	0.73		0.8	0.94	MSTGX
TEDIX	0.81	0.79	0.81	0.69	0.61	0.8		0.81	TEDIX
DBIWX	0.79	0.86	0.83	0.93	0.62	0.94	0.81		DBIWX
	DBLGX	PRSAX	GLOIX	RGHYX	GGIJX	MSTGX	TEDIX	DBIWX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Small 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 Small'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
DBLGX	0.22	0.01	0.27	0.18	0.19	(0.30)	0.48	(0.36)	1.21
PRSAX	0.15	0.00	0.39	0.07	0.10	(0.23)	0.40	(0.30)	0.81
GLOIX	0.61	0.10	0.14	0.12	0.83	(0.67)	1.66	(1.89)	4.72
RGHYX	0.13	0.01	0.32	(0.01)	0.13	(0.16)	0.20	(0.30)	1.13
GGIJX	0.61	0.10	0.13	0.13	0.92	(0.62)	1.46	(1.70)	3.84
MSTGX	0.31	0.04	0.23	(0.68)	0.35	(0.34)	0.74	(0.62)	1.58
TEDIX	0.66	0.01	0.00	(0.05)	0.00	0.00	1.01	(1.47)	7.35
DBIWX	0.27	0.00	0.17	(0.05)	0.36	(0.28)	0.48	(0.58)	1.77

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