Summit Global Correlations

Mutual Funds . USA . 
Fund . Summit Global Investments
SILVX Fund  USD 17.69  0.02  0.11%   
The current 90-days correlation between Summit Global Investments and Summit Global Investments is -0.22 (i.e., Very good diversification). The correlation of Summit Global 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.

Summit Global Correlation With Market

Very poor diversification

The correlation between Summit Global Investments and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Global Investments 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 Summit Global Investments. 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 real.

Moving together with Summit Mutual Fund

  0.86SGICX Summit Global InvestmentsPairCorr
  0.94SGLIX Summit Global InvestmentsPairCorr
  0.84SGPKX Sgi Peak GrowthPairCorr
  0.85SGPGX Sgi Prudent GrowthPairCorr
  0.79BOGIX Bogle Small CapPairCorr
  0.86LVOLX Summit Global InvestmentsPairCorr
  0.79VTSAX Vanguard Total StockPairCorr
  0.82VFIAX Vanguard 500 IndexPairCorr
  0.79VTSMX Vanguard Total StockPairCorr
  0.82VITSX Vanguard Total StockPairCorr
  0.79VSMPX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.79VFFSX Vanguard 500 IndexPairCorr
  0.82VINIX Vanguard InstitutionalPairCorr
  0.82VIIIX Vanguard InstitutionalPairCorr
  0.85DODGX Dodge Stock FundPairCorr
  0.79FAEGX Fidelity Advisor EquityPairCorr
  0.83SCBPX Strategic Asset ManaPairCorr
  0.8YOVIX Yorktown Small CapPairCorr
  0.75POSAX Global Real EstatePairCorr
  0.74PMAIX Pioneer Multi AssetPairCorr
  0.77GMAUX Gmo Emerging MarketsPairCorr
  0.74QUSRX Pear Tree PolarisPairCorr
  0.64ETNHX Eventide Healthcare LifePairCorr
  0.79TRKZX T Rowe PricePairCorr
  0.83FMOKX Oklahoma College SavingsPairCorr
  0.76LHYVX Lord Abbett HighPairCorr
  0.8FHAPX Fidelity Freedom BlendPairCorr
  0.66AVEFX Ave Maria BondPairCorr
  0.87CCGIX Chautauqua Global GrowthPairCorr
  0.79JSGIX John Hancock StrategicPairCorr
  0.63HOSBX Short Term BondPairCorr
  0.85SCGCX Qs Moderate GrowthPairCorr
  0.73WNYIX Wilmington New YorkPairCorr
  0.77DAADX Dfa Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Summit Mutual Fund performing well and Summit Global 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 Summit Global'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.

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