Simt Us Correlations

SEVIX Fund

USD 14.75 0.05 0.34%

The current 90-days correlation between Simt Managed Volatility and Simt Managed Volatility is 0.98 (i.e., Almost no 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

Good diversification

The correlation between Simt Managed Volatility and DJI is -0.09 (i.e., Good 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, which includes a position in Simt Managed Volatility. 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

0.98	SUSYX	Simt Managed Volatility	Pair Corr
0.74	SVOAX	Simt Managed Volatility	Pair Corr
0.66	SEMCX	Simt Mid Cap	Pair Corr

Related Correlations Analysis

	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	PRNIX	PQNAX	LCRIX	IDIVX
SUSYX		0.77	0.66	0.66	0.0	0.61	0.87	0.87	0.27	0.19	SUSYX
SVOAX	0.77		0.87	0.88	0.07	0.66	0.67	0.67	0.24	0.01	SVOAX
STVYX	0.66	0.87		1.0	0.32	0.66	0.47	0.46	0.5	0.37	STVYX
TMMAX	0.66	0.88	1.0		0.31	0.65	0.47	0.47	0.48	0.35	TMMAX
ANTUX	0.0	0.07	0.32	0.31		0.26	-0.16	-0.17	0.46	0.64	ANTUX
STMPX	0.61	0.66	0.66	0.65	0.26		0.61	0.6	0.75	0.5	STMPX
PRNIX	0.87	0.67	0.47	0.47	-0.16	0.61		1.0	0.21	0.07	PRNIX
PQNAX	0.87	0.67	0.46	0.47	-0.17	0.6	1.0		0.2	0.05	PQNAX
LCRIX	0.27	0.24	0.5	0.48	0.46	0.75	0.21	0.2		0.83	LCRIX
IDIVX	0.19	0.01	0.37	0.35	0.64	0.5	0.07	0.05	0.83		IDIVX
	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	PRNIX	PQNAX	LCRIX	IDIVX

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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

TMMAX	+ 1.0	STVYX
PQNAX	+ 1.0	PRNIX
TMMAX	+ 0.88	SVOAX
PRNIX	+ 0.87	SUSYX
PQNAX	+ 0.87	SUSYX
STVYX	+ 0.87	SVOAX

High negative correlations

PQNAX	- 0.17	ANTUX
PRNIX	- 0.16	ANTUX
ANTUX	- 0.0	SUSYX

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
SUSYX	0.38	0.01	(0.23)	(0.23)	0.42	(0.49)	0.94	(0.79)	2.47
SVOAX	0.40	(0.06)	(0.20)	0.03	0.42	(0.49)	0.94	(0.79)	2.40
STVYX	0.37	(0.04)	(0.19)	0.05	0.43	(0.40)	0.82	(0.81)	2.51
TMMAX	0.37	(0.04)	(0.19)	0.04	0.44	(0.39)	0.82	(0.81)	2.46
ANTUX	0.53	(0.01)	(0.06)	0.11	0.65	(0.56)	1.06	(1.21)	3.43
STMPX	0.77	(0.09)	(0.04)	0.06	0.85	(0.86)	1.84	(1.29)	6.33
PRNIX	0.76	0.06	(0.09)	(0.25)	0.87	(0.83)	1.70	(1.18)	6.73
PQNAX	0.76	0.05	(0.09)	(0.23)	0.87	(0.83)	1.69	(1.22)	6.76
LCRIX	0.34	0.01	(0.12)	0.15	0.23	(0.36)	0.76	(0.59)	1.93
IDIVX	0.41	0.09	(0.08)	(2.90)	0.35	(0.49)	0.97	(0.67)	2.68

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