Simt Mid Correlations

SFDYX Fund

USD 30.17 0.78 2.65%

The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is -0.1 (i.e., Good diversification). The correlation of Simt Mid 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 Mid Correlation With Market

Good diversification

The correlation between Simt Mid Cap and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid 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 Mid 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 manufacturing.

Moving together with Simt Mutual Fund

0.79	SAAAX	Simt Multi Asset	Pair Corr
0.88	SRWAX	Saat Market Growth	Pair Corr
0.88	SSCGX	Simt Small Cap	Pair Corr
0.69	SSEAX	Siit Screened World	Pair Corr
0.96	SSGAX	Saat Aggressive Strategy	Pair Corr
0.89	SASDX	Saat Aggressive Strategy	Pair Corr
0.9	SSMAX	Siit Small Mid	Pair Corr
0.91	SSPIX	Simt Sp 500	Pair Corr
0.71	SSTDX	Saat Servative Strategy	Pair Corr
0.64	ENIAX	Siit Opportunistic Income	Pair Corr
0.99	STLYX	Simt Tax Managed	Pair Corr
0.99	STMPX	Simt Tax Managed	Pair Corr
0.91	STMSX	Simt Tax Managed	Pair Corr
0.69	STVYX	Simt Tax Managed	Pair Corr
0.86	SCMSX	Saat E Market	Pair Corr
0.78	SCLAX	Simt Multi Asset	Pair Corr
0.99	SCPAX	Siit Large Cap	Pair Corr
0.93	SUSYX	Simt Managed Volatility	Pair Corr
0.92	SDLAX	Siit Dynamic Asset	Pair Corr
0.79	SVAYX	Simt Large Cap	Pair Corr
0.93	SVOAX	Simt Managed Volatility	Pair Corr
0.99	SDYYX	Simt Dynamic Asset	Pair Corr
0.67	SVSAX	Saat Servative Strategy	Pair Corr
0.96	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.44	TFCAX	Tax Free Conservative	Pair Corr
0.39	SCXIX	Sei Insti Mgd	Pair Corr
0.33	SRYRX	Simt Real Return	Pair Corr
0.72	SDGFX	Sdit Short Duration	Pair Corr
0.65	SECPX	Sdit Ultra Short	Pair Corr
0.61	SECYX	Sdit Ultra Short	Pair Corr
0.55	SUSAX	Siit Ultra Short	Pair Corr
0.54	SEGMX	Sdit Gnma Fund	Pair Corr
0.4	RRPAX	Siit Real Return	Pair Corr

Related Correlations Analysis

	SIPIX	SEMCX	VEVCX	JVARX	HFDTX
SIPIX		1.0	0.91	0.96	0.97	SIPIX
SEMCX	1.0		0.91	0.96	0.93	SEMCX
VEVCX	0.91	0.91		0.9	0.9	VEVCX
JVARX	0.96	0.96	0.9		0.95	JVARX
HFDTX	0.97	0.93	0.9	0.95		HFDTX
	SIPIX	SEMCX	VEVCX	JVARX	HFDTX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Mid 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 Mid'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SIPIX	1.25	0.06	(0.02)	2.30	(2.35)	11.66
SEMCX	1.22	0.01	(0.06)	2.14	(2.35)	11.67
VEVCX	1.15	(0.05)	0.83	2.14	(2.17)	10.91
JVARX	1.07	0.05	(0.02)	1.91	(2.24)	10.16
HFDTX	1.08	0.00	(0.08)	1.95	(2.01)	11.06

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