Simt Tax-managed Correlations

STLYX Fund

USD 35.43 0.50 1.43%

The current 90-days correlation between Simt Tax Managed and Boston Partners Emerging is 0.15 (i.e., Average diversification). The correlation of Simt Tax-managed 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 Tax-managed Correlation With Market

Poor diversification

The correlation between Simt Tax Managed Large and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Tax Managed Large 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 Tax Managed Large. 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

0.63	SRWAX	Saat Market Growth	Pair Corr
0.8	SSCGX	Simt Small Cap	Pair Corr
0.66	SSGAX	Saat Aggressive Strategy	Pair Corr
0.68	SASDX	Saat Aggressive Strategy	Pair Corr
0.84	SSMAX	Siit Small Mid	Pair Corr
0.96	SSPIX	Simt Sp 500	Pair Corr
0.87	STMPX	Simt Tax Managed	Pair Corr
0.87	STMSX	Simt Tax Managed	Pair Corr
0.84	SCPAX	Siit Large Cap	Pair Corr
0.68	SUSYX	Simt Managed Volatility	Pair Corr
0.72	SDLAX	Siit Dynamic Asset	Pair Corr
0.84	SVAYX	Simt Large Cap	Pair Corr
0.96	SDYAX	Simt Dynamic Asset	Pair Corr
0.68	SVOAX	Simt Managed Volatility	Pair Corr
0.96	SDYYX	Simt Dynamic Asset	Pair Corr
0.67	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.34	SDGFX	Sdit Short Duration	Pair Corr
0.31	SUSAX	Siit Ultra Short	Pair Corr

Related Correlations Analysis

	BELSX	JOEAX	BXECX	APDOX	SMSDX	SFGIX	SEDIX
BELSX		0.83	0.88	0.87	0.92	0.87	0.91	BELSX
JOEAX	0.83		0.8	0.78	0.86	0.87	0.82	JOEAX
BXECX	0.88	0.8		0.9	0.9	0.81	0.97	BXECX
APDOX	0.87	0.78	0.9		0.92	0.74	0.92	APDOX
SMSDX	0.92	0.86	0.9	0.92		0.84	0.95	SMSDX
SFGIX	0.87	0.87	0.81	0.74	0.84		0.84	SFGIX
SEDIX	0.91	0.82	0.97	0.92	0.95	0.84		SEDIX
	BELSX	JOEAX	BXECX	APDOX	SMSDX	SFGIX	SEDIX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Tax-managed 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 Tax-managed'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
BELSX	0.43	0.05	0.15	0.46	0.44	(0.49)	0.92	(0.81)	2.59
JOEAX	0.85	0.08	0.09	0.15	1.08	(0.85)	1.65	(1.78)	6.33
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
APDOX	0.16	0.03	0.22	0.77	0.10	(0.18)	0.30	(0.29)	1.07
SMSDX	0.23	0.02	0.13	0.05	0.27	(0.26)	0.43	(0.51)	1.30
SFGIX	0.54	0.02	0.07	(0.84)	0.79	(0.53)	1.09	(1.25)	4.18
SEDIX	0.09	0.01	0.24	(0.33)	0.00	(0.16)	0.21	(0.21)	0.53

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