Simt Tax-managed Correlations

STMSX Fund

USD 24.85 0.01 0.04%

The current 90-days correlation between Simt Tax Managed and Franklin Adjustable Government is 0.03 (i.e., Significant diversification). The correlation of Simt Tax-managed 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 Tax-managed Correlation With Market

Very poor diversification

The correlation between Simt Tax Managed Smallmid and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Tax Managed Smallmid 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 Tax Managed Smallmid. 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 main economic indicators.

Moving together with Simt Mutual Fund

0.89	SSCGX	Simt Small Cap	Pair Corr
0.97	SSMAX	Siit Small Mid	Pair Corr
1.0	STMPX	Simt Tax Managed	Pair Corr
0.79	SUSYX	Simt Managed Volatility	Pair Corr
0.79	SVOAX	Simt Managed Volatility	Pair Corr

Moving against Simt Mutual Fund

0.33	TFCYX	Tax Free Conservative	Pair Corr
0.32	ENIAX	Siit Opportunistic Income	Pair Corr
0.31	TFCAX	Tax Free Conservative	Pair Corr
0.4	SUSAX	Siit Ultra Short	Pair Corr
0.39	SECPX	Sdit Ultra Short	Pair Corr
0.39	SECYX	Sdit Ultra Short	Pair Corr
0.31	SEIAX	Siit Multi Asset	Pair Corr

Related Correlations Analysis

	FCSCX	FISAX	BIGBX	RGVAX	TWAVX	UGSDX	SGVDX	MXDQX
FCSCX		0.95	0.83	0.67	0.94	0.96	0.67	0.7	FCSCX
FISAX	0.95		0.86	0.66	0.9	0.9	0.64	0.67	FISAX
BIGBX	0.83	0.86		0.82	0.89	0.77	0.85	0.86	BIGBX
RGVAX	0.67	0.66	0.82		0.77	0.61	0.86	0.95	RGVAX
TWAVX	0.94	0.9	0.89	0.77		0.91	0.82	0.81	TWAVX
UGSDX	0.96	0.9	0.77	0.61	0.91		0.63	0.66	UGSDX
SGVDX	0.67	0.64	0.85	0.86	0.82	0.63		0.92	SGVDX
MXDQX	0.7	0.67	0.86	0.95	0.81	0.66	0.92		MXDQX
	FCSCX	FISAX	BIGBX	RGVAX	TWAVX	UGSDX	SGVDX	MXDQX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Tax-managed 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 Tax-managed'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
FCSCX	0.05	0.01	(0.48)	(0.28)	0.00	(0.23)	0.13	(0.13)	0.67
FISAX	0.05	0.00	(0.49)	(1.34)	0.00	(0.22)	0.13	(0.13)	0.53
BIGBX	0.10	0.01	(0.40)	(0.60)	0.00	(0.18)	0.30	(0.20)	0.70
RGVAX	0.15	0.01	(0.32)	(1.22)	0.08	(0.18)	0.33	(0.25)	0.92
TWAVX	0.06	0.00	(0.58)	0.95	0.00	(0.13)	0.11	(0.11)	0.44
UGSDX	0.03	0.01	0.00	(0.62)	0.00	0.00	0.00	0.00	0.52
SGVDX	0.17	0.01	(0.23)	0.23	0.11	(0.20)	0.31	(0.30)	0.91
MXDQX	0.16	0.02	(0.26)	(1.36)	0.00	(0.21)	0.36	(0.24)	0.95

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