Simt Tax-managed Correlations

STMSX Fund

USD 23.17 0.28 1.19%

The current 90-days correlation between Simt Tax Managed and Vanguard Financials Index is 0.53 (i.e., Very weak 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 weak diversification

The correlation between Simt Tax Managed Smallmid and DJI is 0.48 (i.e., Very weak 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 state.

Moving together with Simt Mutual Fund

0.99	SSCGX	Simt Small Cap	Pair Corr
0.98	SSGAX	Saat Aggressive Strategy	Pair Corr
0.87	SASDX	Saat Aggressive Strategy	Pair Corr
1.0	SSMAX	Siit Small Mid	Pair Corr
0.68	TFCAX	Tax Free Conservative	Pair Corr
0.92	TFCYX	Tax Free Conservative	Pair Corr
0.9	SSPIX	Simt Sp 500	Pair Corr
0.81	SSTDX	Saat Servative Strategy	Pair Corr
0.84	SBDAX	Stet California Municipal	Pair Corr
0.79	ENIAX	Siit Opportunistic Income	Pair Corr
0.99	STLYX	Simt Tax Managed	Pair Corr
0.94	STVYX	Simt Tax Managed	Pair Corr
0.86	SCMSX	Saat E Market	Pair Corr
0.98	SCPAX	Siit Large Cap	Pair Corr
0.92	SCYYX	Stet California Municipal	Pair Corr
0.92	SUMAX	Stet Short Duration	Pair Corr
0.97	SUSYX	Simt Managed Volatility	Pair Corr
0.62	SUSAX	Siit Ultra Short	Pair Corr
0.98	SDLAX	Siit Dynamic Asset	Pair Corr
0.98	SDYAX	Simt Dynamic Asset	Pair Corr
0.96	SVOAX	Simt Managed Volatility	Pair Corr
0.98	SDYYX	Simt Dynamic Asset	Pair Corr
0.92	SVSAX	Saat Servative Strategy	Pair Corr
0.68	SEATX	Stet Tax Advantaged	Pair Corr
0.8	SVTAX	Simt Global Managed	Pair Corr
0.94	SEFCX	Sit International Equity	Pair Corr
0.77	SEIRX	Simt Real Estate	Pair Corr
0.83	SEITX	Sit International Equity	Pair Corr
0.78	SEIMX	Stet Intermediate Term	Pair Corr
0.94	SEIYX	Simt High Yield	Pair Corr
0.99	SEMCX	Simt Mid Cap	Pair Corr

Related Correlations Analysis

	VFAIX	DVFYX	ICFAX	PSSRX	MSVIX	FTIXX	XFINX	FIKBX
VFAIX		0.99	0.97	1.0	0.95	0.82	-0.3	0.97	VFAIX
DVFYX	0.99		0.96	0.99	0.96	0.82	-0.34	0.97	DVFYX
ICFAX	0.97	0.96		0.98	0.93	0.85	-0.28	0.95	ICFAX
PSSRX	1.0	0.99	0.98		0.94	0.84	-0.27	0.97	PSSRX
MSVIX	0.95	0.96	0.93	0.94		0.82	-0.34	0.99	MSVIX
FTIXX	0.82	0.82	0.85	0.84	0.82		-0.12	0.83	FTIXX
XFINX	-0.3	-0.34	-0.28	-0.27	-0.34	-0.12		-0.3	XFINX
FIKBX	0.97	0.97	0.95	0.97	0.99	0.83	-0.3		FIKBX
	VFAIX	DVFYX	ICFAX	PSSRX	MSVIX	FTIXX	XFINX	FIKBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSSRX	+ 1.0	VFAIX
DVFYX	+ 0.99	VFAIX
PSSRX	+ 0.99	DVFYX
FIKBX	+ 0.99	MSVIX
PSSRX	+ 0.98	ICFAX
ICFAX	+ 0.97	VFAIX

High negative correlations

XFINX	- 0.34	MSVIX
XFINX	- 0.34	DVFYX
FIKBX	- 0.3	XFINX
XFINX	- 0.3	VFAIX
XFINX	- 0.28	ICFAX
XFINX	- 0.27	PSSRX

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
VFAIX	0.91	0.05	0.05	0.29	0.82	(1.01)	2.14	(2.11)	11.20
DVFYX	0.87	0.14	0.11	0.40	0.63	(1.03)	2.62	(1.32)	9.98
ICFAX	0.99	0.01	0.02	0.24	1.00	(1.20)	2.18	(2.02)	13.29
PSSRX	0.96	0.06	0.06	0.29	0.87	(1.09)	2.08	(2.28)	12.35
MSVIX	1.03	0.41	0.04	(0.63)	1.08	(1.20)	2.13	(1.96)	13.17
FTIXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
XFINX	0.41	(0.04)	0.00	(1.76)	0.00	0.00	0.77	(1.41)	4.64
FIKBX	0.96	0.42	0.08	(1.00)	0.82	(1.09)	2.49	(1.79)	11.84

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