Simt Us Correlations

The current 90-days correlation between Simt Managed Volatility and Victory Trivalent International is 0.55 (i.e., Very weak diversification). The correlation of Simt Us 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 Us Correlation With Market

Very poor diversification

The correlation between Simt Managed Volatility and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Managed Volatility and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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

0.78	SAAAX	Simt Multi Asset	Pair Corr
0.79	SRWAX	Saat Market Growth	Pair Corr
0.69	SSTDX	Saat Servative Strategy	Pair Corr
0.79	SCMSX	Saat E Market	Pair Corr
0.63	SCLAX	Simt Multi Asset	Pair Corr
0.65	SVAYX	Simt Large Cap	Pair Corr
0.88	SEAIX	Saat Aggressive Strategy	Pair Corr
0.71	SVTAX	Simt Global Managed	Pair Corr
0.71	SEDIX	Saat Defensive Strategy	Pair Corr
0.76	SEDAX	Siit Emerging Markets	Pair Corr
0.64	SEFIX	Sit International Fixed	Pair Corr
1.0	SVYAX	Siit Managed Volatility	Pair Corr
0.72	SEEIX	Sei Instit International	Pair Corr
0.61	SEFCX	Sit International Equity	Pair Corr

Related Correlations Analysis

	MYSIX	MRFIX	HFMIX	MQGIX	BAFGX
MYSIX		-0.27	-0.41	0.94	-0.41	MYSIX
MRFIX	-0.27		0.86	-0.14	0.89	MRFIX
HFMIX	-0.41	0.86		-0.32	0.92	HFMIX
MQGIX	0.94	-0.14	-0.32		-0.26	MQGIX
BAFGX	-0.41	0.89	0.92	-0.26		BAFGX
	MYSIX	MRFIX	HFMIX	MQGIX	BAFGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MQGIX	+ 0.94	MYSIX
BAFGX	+ 0.92	HFMIX
BAFGX	+ 0.89	MRFIX
HFMIX	+ 0.86	MRFIX

High negative correlations

BAFGX	- 0.41	MYSIX
HFMIX	- 0.41	MYSIX
MQGIX	- 0.32	HFMIX
MRFIX	- 0.27	MYSIX
BAFGX	- 0.26	MQGIX
MQGIX	- 0.14	MRFIX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Us 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 Us' 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
MYSIX	0.65	0.12	0.14	0.19	0.63	(0.76)	1.50	(1.05)	5.42
MRFIX	0.78	(0.09)	0.00	0.49	0.00	0.00	1.50	(1.86)	4.07
HFMIX	1.21	(0.12)	0.00	(0.09)	0.00	0.00	1.92	(2.61)	5.84
MQGIX	0.63	0.09	0.12	0.19	0.65	(0.71)	1.23	(1.27)	4.34
BAFGX	0.92	(0.12)	0.00	4.35	0.00	0.00	1.90	(2.06)	5.15

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