Simt Mid Correlations

SIPIX Fund

USD 31.87 0.30 0.95%

The current 90-days correlation between Simt Mid Cap and Us Government Securities is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Simt Mid Cap and DJI is 0.76 (i.e., 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 various price indices.

Moving together with Simt Mutual Fund

0.86	VIMAX	Vanguard Mid Cap	Pair Corr
0.86	VIMSX	Vanguard Mid Cap	Pair Corr
0.86	VMCPX	Vanguard Mid Cap	Pair Corr
0.86	VMCIX	Vanguard Mid Cap	Pair Corr
0.76	VEXAX	Vanguard Extended Market	Pair Corr
0.76	VEMPX	Vanguard Extended Market	Pair Corr
0.76	VIEIX	Vanguard Extended Market	Pair Corr
0.75	VEXMX	Vanguard Extended Market	Pair Corr
0.75	FSMAX	Fidelity Extended Market	Pair Corr
0.61	HD	Home Depot	Pair Corr

Moving against Simt Mutual Fund

0.5	CSCO	Cisco Systems	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.33	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	UGSDX	RGVEX	FCSCX	SGVDX	SIGVX	DPIGX
UGSDX		0.51	0.88	0.52	0.87	0.77	UGSDX
RGVEX	0.51		0.74	0.99	0.78	0.91	RGVEX
FCSCX	0.88	0.74		0.72	0.98	0.91	FCSCX
SGVDX	0.52	0.99	0.72		0.77	0.9	SGVDX
SIGVX	0.87	0.78	0.98	0.77		0.93	SIGVX
DPIGX	0.77	0.91	0.91	0.9	0.93		DPIGX
	UGSDX	RGVEX	FCSCX	SGVDX	SIGVX	DPIGX

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
UGSDX	0.03	0.01	0.00	(0.34)	0.00	0.00	0.00	0.00	0.52
RGVEX	0.16	0.02	0.00	(1.27)	0.00	(0.19)	0.33	(0.25)	0.91
FCSCX	0.05	0.01	0.00	(0.50)	0.00	0.00	0.13	(0.13)	0.53
SGVDX	0.17	0.02	0.01	(3.12)	0.09	(0.20)	0.31	(0.30)	0.91
SIGVX	0.07	0.01	(0.06)	(0.89)	0.00	(0.16)	0.10	(0.10)	0.51
DPIGX	0.09	0.01	(0.07)	(0.72)	0.00	(0.14)	0.21	(0.10)	0.53

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