Simt Real Correlations

SEIRX Fund

USD 16.39 0.09 0.55%

The current 90-days correlation between Simt Real Estate and T Rowe Price is -0.09 (i.e., Good diversification). The correlation of Simt Real 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 Real Correlation With Market

Good diversification

The correlation between Simt Real Estate and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Real Estate 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 Real Estate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Simt Mutual Fund

0.9	VGSIX	Vanguard Reit Index	Pair Corr
0.9	VGSLX	Vanguard Reit Index	Pair Corr
0.9	VGSNX	Vanguard Reit Index	Pair Corr
0.95	DFREX	Dfa Real Estate	Pair Corr
0.91	CSCIX	Cohen Steers Real	Pair Corr
0.92	CSEIX	Cohen Steers Real	Pair Corr
0.92	CSDIX	Cohen Steers Real	Pair Corr
0.9	VRTPX	Vanguard Reit Ii	Pair Corr
0.88	CSRIX	Cohen And Steers	Pair Corr
0.9	PIREX	Real Estate Securities	Pair Corr

Moving against Simt Mutual Fund

0.39	FPFZX	Franklin Pennsylvania	Pair Corr
0.37	MNCLX	Mfs North Carolina	Pair Corr

Related Correlations Analysis

	PASTX	GMADX	GAPAX	SEHAX	RBCIX	LEQCX
PASTX		0.89	0.93	0.93	0.82	0.86	PASTX
GMADX	0.89		0.99	0.97	0.93	0.88	GMADX
GAPAX	0.93	0.99		0.99	0.92	0.92	GAPAX
SEHAX	0.93	0.97	0.99		0.9	0.94	SEHAX
RBCIX	0.82	0.93	0.92	0.9		0.83	RBCIX
LEQCX	0.86	0.88	0.92	0.94	0.83		LEQCX
	PASTX	GMADX	GAPAX	SEHAX	RBCIX	LEQCX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Real 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 Real'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
PASTX	0.77	0.26	0.11	(0.72)	0.75	(0.88)	1.73	(1.50)	4.68
GMADX	0.50	0.15	0.02	(0.54)	0.38	(0.58)	1.30	(0.94)	2.68
GAPAX	0.48	0.14	0.01	(0.47)	0.36	(0.55)	1.27	(0.93)	2.53
SEHAX	0.49	0.14	0.00	(0.42)	0.34	(0.66)	1.09	(0.77)	2.63
RBCIX	0.80	0.27	0.17	2.97	0.53	(1.01)	1.71	(1.50)	4.52
LEQCX	0.46	0.12	(0.01)	(1.20)	0.28	(0.54)	1.30	(0.76)	2.78

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