Simt Large Correlations

Mutual Funds . USA . 
Fund . Simt Large Cap
SLRYX Fund  USD 47.41  0.05  0.11%   
The current 90-days correlation between Simt Large Cap and Simt Multi Asset Accumulation is 0.49 (i.e., Very weak diversification). The correlation of Simt Large 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 Large Correlation With Market

Very poor diversification

The correlation between Simt Large Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large 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 Large 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

  0.92SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.98SSMAX Siit Small MidPairCorr
  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.95SBDAX Stet California MunicipalPairCorr
  0.62STAYX Stet Tax AdvantagedPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.96ENIAX Siit Opportunistic IncomePairCorr
  1.0STLYX Simt Tax ManagedPairCorr
  0.98STMPX Simt Tax ManagedPairCorr
  0.98STMSX Simt Tax ManagedPairCorr
  0.95STVYX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.97SCLAX Simt Multi AssetPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.95SCYYX Stet California MunicipalPairCorr
  0.96SUMAX Stet Short DurationPairCorr
  0.96SUSYX Simt Managed VolatilityPairCorr
  0.9SUSAX Siit Ultra ShortPairCorr
  0.76SDGFX Sdit Short DurationPairCorr
  1.0SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  1.0SDYAX Simt Dynamic AssetPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  1.0SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Large 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 Large'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAAAX  0.30  0.06 (0.09) 0.41  0.18 
(0.37)
 0.68 
(0.56)
 2.12 
SRWAX  0.33  0.09  0.02  0.34  0.00 
(0.39)
 1.10 
(0.62)
 2.29 
SRYRX  0.11  0.02 (0.53)(0.37) 0.00 
(0.14)
 0.21 
(0.20)
 0.82 
SSCGX  0.82  0.06  0.06  0.19  0.80 
(0.89)
 2.18 
(1.49)
 5.22 
SSEAX  0.45  0.15  0.11  0.48  0.15 
(0.54)
 1.05 
(0.87)
 3.44 
SSGAX  0.45  0.11  0.08  0.32  0.18 
(0.51)
 1.40 
(0.85)
 2.98 
SASDX  0.45  0.11  0.07  0.32  0.22 
(0.53)
 1.44 
(0.87)
 3.05 
SSMAX  0.76  0.04  0.04  0.17  0.81 
(0.87)
 2.17 
(1.53)
 5.82 
TFCAX  0.03  0.00  0.00  0.36  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
TFCYX  0.03  0.00  0.00  0.51  0.00 
 0.00 
 0.10 
 0.00 
 0.30 

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