Simt Tax-managed Correlations

TMLCX Fund

USD 39.55 0.14 0.35%

The current 90-days correlation between Simt Tax Managed and Simt Tax Managed Large is 1.0 (i.e., No risk reduction). 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 Large and DJI is 0.89 (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 Large 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 Large. 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 private.

Moving together with Simt Mutual Fund

0.89	SAAAX	Simt Multi Asset	Pair Corr
0.95	SRWAX	Saat Market Growth	Pair Corr
0.74	SSCGX	Simt Small Cap	Pair Corr
0.95	SSEAX	Siit Screened World	Pair Corr
0.96	SSGAX	Saat Aggressive Strategy	Pair Corr
0.96	SASDX	Saat Aggressive Strategy	Pair Corr
0.63	TFCAX	Tax Free Conservative	Pair Corr
0.62	TFCYX	Tax Free Conservative	Pair Corr
0.93	SSPIX	Simt Sp 500	Pair Corr
0.87	SSTDX	Saat Servative Strategy	Pair Corr
0.83	SBDAX	Stet California Municipal	Pair Corr
0.86	STAYX	Stet Tax Advantaged	Pair Corr
0.8	STDAX	Saat Defensive Strategy	Pair Corr
0.75	ENIAX	Siit Opportunistic Income	Pair Corr
1.0	STLYX	Simt Tax Managed	Pair Corr
0.84	SCFYX	Simt E Fixed	Pair Corr
0.94	SCMSX	Saat E Market	Pair Corr
0.88	SCLAX	Simt Multi Asset	Pair Corr
0.84	CFVAX	Catholic Values Fixed	Pair Corr
0.84	SCOAX	Siit E Fixed	Pair Corr
0.81	CFVYX	Catholic Values Fixed	Pair Corr
0.96	SCPAX	Siit Large Cap	Pair Corr
0.84	SCXIX	Sei Insti Mgd	Pair Corr
0.83	SCYYX	Stet California Municipal	Pair Corr
0.73	SUMAX	Stet Short Duration	Pair Corr
0.69	SUSAX	Siit Ultra Short	Pair Corr
0.73	SDGFX	Sdit Short Duration	Pair Corr
0.82	SDLAX	Siit Dynamic Asset	Pair Corr
0.75	SVAYX	Simt Large Cap	Pair Corr
0.92	SDYAX	Simt Dynamic Asset	Pair Corr
0.82	SDYYX	Simt Dynamic Asset	Pair Corr
0.83	SVSAX	Saat Servative Strategy	Pair Corr
0.96	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	STLYX	BDSAX	BASMX	BDSIX	BDSCX	AAGPX	ASVIX	GSSIX	HFMSX	HFMVX
STLYX		0.85	0.96	0.91	0.91	0.81	-0.46	0.49	-0.15	-0.14	STLYX
BDSAX	0.85		0.87	0.89	0.88	0.67	-0.54	0.34	-0.24	-0.23	BDSAX
BASMX	0.96	0.87		0.9	0.89	0.71	-0.66	0.29	-0.36	-0.35	BASMX
BDSIX	0.91	0.89	0.9		1.0	0.81	-0.4	0.56	-0.06	-0.05	BDSIX
BDSCX	0.91	0.88	0.89	1.0		0.81	-0.38	0.57	-0.04	-0.03	BDSCX
AAGPX	0.81	0.67	0.71	0.81	0.81		-0.07	0.7	0.13	0.14	AAGPX
ASVIX	-0.46	-0.54	-0.66	-0.4	-0.38	-0.07		0.46	0.87	0.87	ASVIX
GSSIX	0.49	0.34	0.29	0.56	0.57	0.7	0.46		0.63	0.64	GSSIX
HFMSX	-0.15	-0.24	-0.36	-0.06	-0.04	0.13	0.87	0.63		1.0	HFMSX
HFMVX	-0.14	-0.23	-0.35	-0.05	-0.03	0.14	0.87	0.64	1.0		HFMVX
	STLYX	BDSAX	BASMX	BDSIX	BDSCX	AAGPX	ASVIX	GSSIX	HFMSX	HFMVX

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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

BDSCX	+ 1.0	BDSIX
HFMVX	+ 1.0	HFMSX
BASMX	+ 0.96	STLYX
BDSIX	+ 0.91	STLYX
BDSCX	+ 0.91	STLYX
BDSIX	+ 0.9	BASMX

High negative correlations

ASVIX	- 0.66	BASMX
ASVIX	- 0.54	BDSAX
ASVIX	- 0.46	STLYX
ASVIX	- 0.4	BDSIX
ASVIX	- 0.38	BDSCX
HFMSX	- 0.36	BASMX

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
STLYX	0.44	(0.01)	(0.02)	0.02	0.61	(0.43)	0.93	(0.74)	3.44
BDSAX	0.92	0.05	0.01	13.83	1.19	(0.93)	2.09	(1.92)	6.96
BASMX	0.54	0.00	0.00	0.03	0.79	(0.52)	1.13	(1.14)	4.34
BDSIX	0.92	0.00	0.01	0.03	1.20	(0.93)	2.17	(1.91)	6.96
BDSCX	0.92	0.00	0.01	0.03	1.20	(0.95)	2.12	(1.95)	6.97
AAGPX	0.51	(0.02)	(0.03)	0.01	0.71	(0.50)	1.15	(1.03)	4.39
ASVIX	0.83	(0.16)	0.00	(0.10)	0.00	0.00	1.58	(2.14)	7.46
GSSIX	0.76	(0.04)	(0.03)	0.00	1.03	(0.79)	1.70	(1.68)	6.79
HFMSX	0.80	(0.16)	0.00	(0.11)	0.00	0.00	1.43	(1.78)	5.38
HFMVX	0.80	(0.16)	0.00	(0.10)	0.00	0.00	1.45	(1.80)	5.37

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