Simt Large Correlations
TRMVX Fund | USD 26.32 0.33 1.24% |
The current 90-days correlation between Simt Large Cap and Mfs Diversified Income is -0.02 (i.e., Good diversification). The correlation of Simt Large 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 Large Correlation With Market
Poor diversification
The correlation between Simt Large Cap and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large Cap and DJI in the same portfolio, assuming nothing else is changed.
SIMT |
Moving together with SIMT Mutual Fund
0.76 | SRWAX | Saat Market Growth | PairCorr |
0.61 | SSGAX | Saat Aggressive Strategy | PairCorr |
0.61 | SASDX | Saat Aggressive Strategy | PairCorr |
0.91 | SSMAX | Siit Small Mid Potential Growth | PairCorr |
0.94 | SSPIX | Simt Sp 500 | PairCorr |
0.67 | SSTDX | Saat Servative Strategy | PairCorr |
0.73 | SBDAX | Stet California Municipal | PairCorr |
0.75 | STAYX | Stet Tax Advantaged | PairCorr |
0.68 | STLYX | Simt Tax Managed | PairCorr |
0.73 | STVYX | Simt Tax Managed | PairCorr |
0.75 | SCFYX | Simt E Fixed | PairCorr |
0.8 | SCLAX | Simt Multi Asset | PairCorr |
0.8 | CFVAX | Catholic Values Fixed | PairCorr |
0.77 | SCOAX | Siit E Fixed | PairCorr |
0.77 | CFVYX | Catholic Values Fixed | PairCorr |
0.64 | SCPAX | Siit Large Cap | PairCorr |
0.77 | SCXIX | Sei Insti Mgd | PairCorr |
0.73 | SCYYX | Stet California Municipal | PairCorr |
0.76 | SUSYX | Simt Managed Volatility | PairCorr |
0.88 | SDLAX | Siit Dynamic Asset | PairCorr |
0.76 | SVAYX | Simt Large Cap | PairCorr |
0.73 | SVOAX | Simt Managed Volatility | PairCorr |
Moving against SIMT Mutual Fund
0.41 | TFCAX | Tax Free Conservative | PairCorr |
0.39 | SUSAX | Siit Ultra Short | PairCorr |
0.33 | SDGFX | Sdit Short Duration | PairCorr |
Related Correlations Analysis
0.87 | 0.07 | 0.9 | 0.91 | 0.0 | DIFIX | ||
0.87 | 0.35 | 0.97 | 0.84 | 0.0 | HIIDX | ||
0.07 | 0.35 | 0.3 | 0.28 | 0.0 | FHCOX | ||
0.9 | 0.97 | 0.3 | 0.85 | 0.0 | BICPX | ||
0.91 | 0.84 | 0.28 | 0.85 | 0.0 | MDBSX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PSIBX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between SIMT Mutual Fund performing well and Simt Large 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 Large'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DIFIX | 0.26 | 0.01 | 0.18 | (0.14) | 0.30 | 0.58 | 1.98 | |||
HIIDX | 0.54 | 0.06 | 0.13 | 0.08 | 0.67 | 1.14 | 3.01 | |||
FHCOX | 0.05 | 0.01 | 0.00 | (0.80) | 0.00 | 0.10 | 0.50 | |||
BICPX | 0.24 | 0.03 | 0.21 | 0.12 | 0.24 | 0.63 | 1.80 | |||
MDBSX | 0.23 | 0.03 | 0.32 | (0.39) | 0.09 | 0.75 | 1.38 | |||
PSIBX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |