Simt Multi-asset Correlations

SLFYX Fund

USD 8.26 0.03 0.36%

The current 90-days correlation between Simt Multi Asset and Blackrock Government Bond is 0.22 (i.e., Modest diversification). The correlation of Simt Multi-asset 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 Multi-asset Correlation With Market

Significant diversification

The correlation between Simt Multi Asset Inflation and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Inflation 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 Multi Asset Inflation. 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

0.62	SRWAX	Saat Market Growth	Pair Corr
0.83	TFCAX	Tax Free Conservative	Pair Corr
0.79	SSTDX	Saat Servative Strategy	Pair Corr
0.81	STDAX	Saat Defensive Strategy	Pair Corr
0.84	ENIAX	Siit Opportunistic Income	Pair Corr
0.63	SCXIX	Sei Insti Mgd	Pair Corr
0.83	SUSAX	Siit Ultra Short	Pair Corr
0.81	SEDIX	Saat Defensive Strategy	Pair Corr
0.82	SEDAX	Siit Emerging Markets	Pair Corr
1.0	SEIAX	Siit Multi Asset	Pair Corr
0.66	SEQFX	Sit Emerging Markets Potential Growth	Pair Corr
0.74	AAEZX	Enhanced Fixed Income	Pair Corr
0.64	SGMAX	Siit Global Managed	Pair Corr
0.65	SIEMX	Sit Emerging Markets Potential Growth	Pair Corr
0.75	SINYX	Stet Intermediate Term	Pair Corr

Moving against Simt Mutual Fund

0.68	SSMAX	Siit Small Mid	Pair Corr
0.41	SVOAX	Simt Managed Volatility	Pair Corr
0.38	SVYAX	Siit Managed Volatility	Pair Corr
0.38	SIPIX	Simt Mid Cap	Pair Corr
0.35	SLPAX	Siit Small Cap	Pair Corr

Related Correlations Analysis

	BIGBX	SIGVX	JGBZX	CGTFX	SSAGX	TWAVX
BIGBX		0.84	0.92	0.91	0.9	0.94	BIGBX
SIGVX	0.84		0.76	0.81	0.96	0.91	SIGVX
JGBZX	0.92	0.76		0.92	0.78	0.87	JGBZX
CGTFX	0.91	0.81	0.92		0.81	0.88	CGTFX
SSAGX	0.9	0.96	0.78	0.81		0.97	SSAGX
TWAVX	0.94	0.91	0.87	0.88	0.97		TWAVX
	BIGBX	SIGVX	JGBZX	CGTFX	SSAGX	TWAVX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi-asset 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 Multi-asset'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BIGBX	0.10	0.01	(0.03)	(1.19)	(0.20)	0.30	(0.20)	0.70
SIGVX	0.06	0.01	(0.07)	(1.06)	(0.16)	0.10	(0.10)	0.51
JGBZX	0.17	0.03	0.04	0.37	(0.21)	0.41	(0.31)	1.02
CGTFX	0.16	0.02	0.01	(2.79)	(0.19)	0.33	(0.25)	0.99
SSAGX	0.05	0.01	0.00	(1.39)	0.00	0.10	(0.10)	0.51
TWAVX	0.07	0.01	(0.07)	(2.92)	(0.14)	0.11	(0.11)	0.55

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