Simt E Correlations

SCFYX Fund

USD 9.73 0.04 0.41%

The current 90-days correlation between Simt E Fixed and Dnp Select Income is -0.16 (i.e., Good diversification). The correlation of Simt E 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 E Correlation With Market

Significant diversification

The correlation between Simt E Fixed and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt E Fixed 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 E Fixed. 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 private.

Moving together with Simt Mutual Fund

0.95	SAAAX	Simt Multi Asset	Pair Corr
0.9	SRWAX	Saat Market Growth	Pair Corr
0.81	SRYRX	Simt Real Return	Pair Corr
0.8	SSCGX	Simt Small Cap	Pair Corr
0.82	SSEAX	Siit Screened World	Pair Corr
0.88	SSGAX	Saat Aggressive Strategy	Pair Corr
0.88	SASDX	Saat Aggressive Strategy	Pair Corr
0.92	TFCAX	Tax Free Conservative	Pair Corr
0.91	TFCYX	Tax Free Conservative	Pair Corr
0.84	SSPIX	Simt Sp 500	Pair Corr
0.95	SSTDX	Saat Servative Strategy	Pair Corr
0.95	SBDAX	Stet California Municipal	Pair Corr
0.95	STAYX	Stet Tax Advantaged	Pair Corr
0.91	STDAX	Saat Defensive Strategy	Pair Corr
0.89	ENIAX	Siit Opportunistic Income	Pair Corr
0.85	STLYX	Simt Tax Managed	Pair Corr
0.63	STMSX	Simt Tax Managed	Pair Corr
0.92	SCMSX	Saat E Market	Pair Corr
0.93	SCLAX	Simt Multi Asset	Pair Corr
1.0	CFVAX	Catholic Values Fixed	Pair Corr
0.97	SCOAX	Siit E Fixed	Pair Corr
1.0	CFVYX	Catholic Values Fixed	Pair Corr
0.85	SCPAX	Siit Large Cap	Pair Corr
1.0	SCXIX	Sei Insti Mgd	Pair Corr
0.95	SCYYX	Stet California Municipal	Pair Corr
0.81	SUMAX	Stet Short Duration	Pair Corr
0.93	SUSAX	Siit Ultra Short	Pair Corr
0.96	SDGFX	Sdit Short Duration	Pair Corr
0.83	SDLAX	Siit Dynamic Asset	Pair Corr
0.69	SVAYX	Simt Large Cap	Pair Corr
0.84	SDYAX	Simt Dynamic Asset	Pair Corr
0.84	SDYYX	Simt Dynamic Asset	Pair Corr
0.93	SVSAX	Saat Servative Strategy	Pair Corr
0.85	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	DNP	JMCVX	WCPNX	TGINX	JDPAX	JMVIX	AAGPX	SEFCX	VASIX	EMGAX
DNP		-0.08	0.86	0.94	-0.03	-0.09	0.73	0.81	0.92	0.91	DNP
JMCVX	-0.08		0.01	-0.09	0.71	1.0	0.31	0.13	0.0	-0.19	JMCVX
WCPNX	0.86	0.01		0.92	0.07	0.0	0.71	0.73	0.97	0.85	WCPNX
TGINX	0.94	-0.09	0.92		-0.02	-0.1	0.75	0.85	0.97	0.96	TGINX
JDPAX	-0.03	0.71	0.07	-0.02		0.71	0.5	0.1	0.03	-0.08	JDPAX
JMVIX	-0.09	1.0	0.0	-0.1	0.71		0.29	0.11	-0.02	-0.2	JMVIX
AAGPX	0.73	0.31	0.71	0.75	0.5	0.29		0.75	0.76	0.75	AAGPX
SEFCX	0.81	0.13	0.73	0.85	0.1	0.11	0.75		0.82	0.84	SEFCX
VASIX	0.92	0.0	0.97	0.97	0.03	-0.02	0.76	0.82		0.93	VASIX
EMGAX	0.91	-0.19	0.85	0.96	-0.08	-0.2	0.75	0.84	0.93		EMGAX
	DNP	JMCVX	WCPNX	TGINX	JDPAX	JMVIX	AAGPX	SEFCX	VASIX	EMGAX

Please upgrade your account to get full access to Macroaxis premium features

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

JMVIX	+ 1.0	JMCVX
VASIX	+ 0.97	WCPNX
VASIX	+ 0.97	TGINX
EMGAX	+ 0.96	TGINX
TGINX	+ 0.94	DNP
EMGAX	+ 0.93	VASIX

High negative correlations

EMGAX	- 0.2	JMVIX
EMGAX	- 0.19	JMCVX
JMVIX	- 0.1	TGINX
TGINX	- 0.09	JMCVX
JMVIX	- 0.09	DNP
EMGAX	- 0.08	JDPAX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt E 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 E'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
DNP	0.40	0.04	(0.04)	0.24	0.34	(0.46)	0.84	(0.72)	2.74
JMCVX	0.60	(0.09)	(0.12)	0.00	0.69	(0.69)	1.45	(1.03)	4.15
WCPNX	0.17	0.02	(0.28)	0.82	0.00	(0.21)	0.31	(0.31)	0.93
TGINX	0.19	0.05	(0.10)	0.48	0.00	(0.27)	0.35	(0.33)	1.12
JDPAX	0.59	0.01	(0.12)	0.01	0.66	(0.70)	1.54	(1.01)	4.13
JMVIX	0.59	(0.09)	(0.12)	(0.01)	0.66	(0.73)	1.48	(1.01)	4.19
AAGPX	0.50	0.07	(0.03)	(0.42)	0.57	(0.56)	1.22	(0.95)	4.39
SEFCX	0.48	0.02	(0.01)	0.11	0.56	(0.50)	0.96	(0.91)	3.59
VASIX	0.17	0.01	(0.25)	0.14	0.00	(0.21)	0.44	(0.26)	1.08
EMGAX	0.67	0.18	0.10	(2.27)	0.76	(0.80)	1.35	(1.17)	5.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC