Simt High Correlations

Mutual Funds . USA . 
Fund . Simt High Yield
SEIYX Fund  USD 5.14  0.01  0.19%   
The current 90-days correlation between Simt High Yield and Vanguard High Yield Corporate is 0.4 (i.e., Very weak diversification). The correlation of Simt High 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 High Correlation With Market

Good diversification

The correlation between Simt High Yield and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield 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 High Yield. 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

  0.96SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.94SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.92SSMAX Siit Small MidPairCorr
  0.94TFCAX Tax Free ConservativePairCorr
  0.94TFCYX Tax Free ConservativePairCorr
  0.94SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.89SBDAX Stet California MunicipalPairCorr
  0.68STAYX Stet Tax AdvantagedPairCorr
  0.94STDAX Saat Defensive StrategyPairCorr
  0.95ENIAX Siit Opportunistic IncomePairCorr
  0.94STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.88STVYX Simt Tax ManagedPairCorr
  0.96SCMSX Saat E MarketPairCorr
  0.99SCLAX Simt Multi AssetPairCorr
  0.95SCPAX Siit Large CapPairCorr
  0.89SCYYX Stet California MunicipalPairCorr
  0.96SUMAX Stet Short DurationPairCorr
  0.91SUSYX Simt Managed VolatilityPairCorr
  0.95SUSAX Siit Ultra ShortPairCorr
  0.81SDGFX Sdit Short DurationPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.91SVOAX Simt Managed VolatilityPairCorr
  0.94SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt High 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 High'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWEAX  0.17  0.04 (0.45) 0.75  0.00 
(0.28)
 0.55 
(0.19)
 1.14 
VWEHX  0.17  0.04 (0.40)(1.58) 0.05 
(0.29)
 0.55 
(0.37)
 1.14 
BHYCX  0.19  0.06 (0.36)(2.63) 0.17 
(0.26)
 0.59 
(0.29)
 1.30 
BHYIX  0.17  0.05 (0.50) 0.77  0.00 
(0.26)
 0.57 
(0.28)
 1.01 
BHYSX  0.17  0.04 (0.38) 0.63  0.00 
(0.24)
 0.58 
(0.28)
 1.03 
BHYAX  0.19  0.06 (0.37)(3.39) 0.10 
(0.26)
 0.59 
(0.29)
 1.16 
FAHHX  0.20  0.05 (0.47) 0.70  0.00 
(0.26)
 0.63 
(0.52)
 1.18 
FTAHX  0.20  0.05 (0.47) 0.70  0.00 
(0.26)
 0.53 
(0.52)
 1.18 
AHTFX  0.20  0.04 (0.41)(3.56) 0.26 
(0.24)
 0.52 
(0.52)
 1.37 
AHTCX  0.20  0.04 (0.42)(2.89) 0.25 
(0.23)
 0.52 
(0.52)
 1.26 

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