Simt Large Correlations

SEUIX Fund  USD 27.27  0.03  0.11%   
The current 90-days correlation between Simt Large Cap and Simt Multi Asset Accumulation is 0.61 (i.e., Poor 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

Very poor diversification

The correlation between Simt Large Cap and DJI is 0.88 (i.e., Very 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simt Large Cap. 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 gross domestic product.

Moving together with Simt Mutual Fund

  0.94SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.64SRYRX Simt Real ReturnPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.94TFCAX Tax Free ConservativePairCorr
  0.94TFCYX Tax Free ConservativePairCorr
  0.99SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.94SBDAX Stet California MunicipalPairCorr
  0.62STAYX Stet Tax AdvantagedPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.96ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.97STMSX Simt Tax ManagedPairCorr
  0.9STVYX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.96SCLAX Simt Multi AssetPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.95SCYYX Stet California MunicipalPairCorr
  0.95SUMAX Stet Short DurationPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.91SUSAX Siit Ultra ShortPairCorr
  0.78SDGFX Sdit Short DurationPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAAAX  0.30  0.06 (0.09) 0.41  0.18 
 0.68 
 2.12 
SRWAX  0.34  0.16  0.05 (2.18) 0.00 
 1.10 
 2.29 
SRYRX  0.11  0.02 (0.51) 8.23  0.00 
 0.21 
 0.93 
SSCGX  0.82  0.06  0.06  0.19  0.80 
 2.18 
 5.22 
SSEAX  0.45  0.15  0.11  0.48  0.15 
 1.05 
 3.44 
SSGAX  0.45  0.11  0.08  0.32  0.18 
 1.40 
 2.98 
SASDX  0.45  0.11  0.07  0.32  0.22 
 1.44 
 3.05 
SSMAX  0.76  0.04  0.04  0.17  0.81 
 2.17 
 5.82 
TFCAX  0.03  0.00  0.00  0.25  0.00 
 0.10 
 0.30 
TFCYX  0.03  0.00  0.00  0.61  0.00 
 0.10 
 0.30