Simt Mid Correlations

SFDYX Fund

USD 32.49 0.54 1.69%

The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Simt Mid Cap and DJI is 0.82 (i.e., Very poor 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 population.

Moving together with Simt Mutual Fund

0.9	SSMAX	Siit Small Mid	Pair Corr
0.93	STMPX	Simt Tax Managed	Pair Corr
0.93	STMSX	Simt Tax Managed	Pair Corr
0.82	SUSYX	Simt Managed Volatility	Pair Corr
0.82	SVOAX	Simt Managed Volatility	Pair Corr

Moving against Simt Mutual Fund

0.38	TFCAX	Tax Free Conservative	Pair Corr
0.37	TFCYX	Tax Free Conservative	Pair Corr
0.31	ENIAX	Siit Opportunistic Income	Pair Corr
0.37	SECPX	Sdit Ultra Short	Pair Corr
0.37	SEIAX	Siit Multi Asset	Pair Corr
0.32	SUSAX	Siit Ultra Short	Pair Corr

Related Correlations Analysis

	SIPIX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX
SIPIX		-0.29	0.06	0.03	-0.01	0.22	0.5	0.48	0.26	SIPIX
SITEX	-0.29		0.56	0.86	0.85	0.11	-0.06	0.56	0.8	SITEX
SIYYX	0.06	0.56		0.63	0.71	0.09	0.4	0.66	0.68	SIYYX
SAAAX	0.03	0.86	0.63		0.9	0.33	0.3	0.78	0.94	SAAAX
SRWAX	-0.01	0.85	0.71	0.9		0.15	0.39	0.81	0.9	SRWAX
SRYRX	0.22	0.11	0.09	0.33	0.15		0.3	0.22	0.21	SRYRX
SSCGX	0.5	-0.06	0.4	0.3	0.39	0.3		0.56	0.38	SSCGX
SSEAX	0.48	0.56	0.66	0.78	0.81	0.22	0.56		0.91	SSEAX
SSGAX	0.26	0.8	0.68	0.94	0.9	0.21	0.38	0.91		SSGAX
	SIPIX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX

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

SSGAX	+ 0.94	SAAAX
SSGAX	+ 0.91	SSEAX
SRWAX	+ 0.9	SAAAX
SSGAX	+ 0.9	SRWAX
SAAAX	+ 0.86	SITEX
SRWAX	+ 0.85	SITEX

High negative correlations

SITEX	- 0.29	SIPIX
SSCGX	- 0.06	SITEX
SRWAX	- 0.01	SIPIX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SIPIX	0.62	(0.04)	(0.04)	0.01	0.89	(0.59)	1.34	(1.46)	3.94
SITEX	0.20	0.06	0.03	0.84	0.00	(0.26)	0.44	(0.32)	1.09
SIYYX	0.14	0.01	(0.18)	(0.28)	0.06	(0.24)	0.38	(0.37)	0.94
SAAAX	0.40	0.04	0.03	0.14	0.35	(0.47)	0.89	(0.75)	2.39
SRWAX	0.34	0.02	(0.05)	0.31	0.43	(0.36)	0.73	(0.71)	2.24
SRYRX	0.08	(0.01)	(0.40)	(0.11)	0.03	(0.13)	0.20	(0.10)	0.61
SSCGX	0.94	(0.01)	(0.04)	(0.01)	1.22	(0.98)	2.32	(2.08)	5.62
SSEAX	0.54	(0.02)	(0.04)	0.02	0.76	(0.52)	0.97	(1.11)	3.20
SSGAX	0.44	0.01	(0.01)	0.07	0.59	(0.44)	0.90	(1.00)	2.91

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