SP SMALLCAP Correlations

SMCIX Fund

USD 21.29 -0.28 -1.30%

Current 90-days correlation between Sampp Smallcap Index and Ips Strategic Capital is 0.43 (i.e., Very weak diversification).The correlation coefficient for SP SMALLCAP ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Correlation With Market Overview: SP SMALLCAP

Poor diversification

The correlation between SMCIX and DJI is 0.75, which Macroaxis classifies as Poor diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

World Market Map provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation includes a position in Sampp Smallcap Index across the allocation. 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 gross domestic product.

Moving together with SMCIX Mutual Fund

0.8	EMSLX	Shelton Emerging Markets	Pair Corr
0.88	NEXTX	Shelton Green Alpha	Pair Corr
0.76	DEBTX	Shelton Tactical Credit	Pair Corr
0.97	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.93	FSSNX	Fidelity Small Cap	Pair Corr
1.0	DFSTX	Us Small Cap	Pair Corr
0.97	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.97	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.99	PASVX	T Rowe Price	Pair Corr
0.9	PRVIX	T Rowe Price	Pair Corr
0.86	VTIAX	Vanguard Total	Pair Corr
0.61	VBTLX	Vanguard Total Bond	Pair Corr
0.7	NOTCX	Deutsche Strategic High	Pair Corr
0.74	TTRIX	TIAA Cref Lifecycle	Pair Corr
0.66	RRGTX	Deutsche Global Real	Pair Corr
0.75	STDAX	Saat Defensive Strategy	Pair Corr
0.79	LPRAX	BlackRock Lifepath	Pair Corr
0.71	FAARX	Nuveen All American	Pair Corr
0.76	CFIHX	Capital Income Builder	Pair Corr
0.79	BLZKX	BlackRock Advantage Esg	Pair Corr

Related Correlations Analysis

	HSSCX	ARRFX	RPXFX	HSSIX	FONPX	HSSAX	MMCFX	DEBTX	EAAAX	IPSAX
HSSCX		0.06	0.69	0.96	-0.55	1.0	0.37	-0.05	-0.55	0.81	HSSCX
ARRFX	0.06		0.44	0.1	0.44	0.07	0.39	0.55	0.39	0.29	ARRFX
RPXFX	0.69	0.44		0.72	-0.37	0.69	0.36	-0.06	-0.41	0.64	RPXFX
HSSIX	0.96	0.1	0.72		-0.56	0.96	0.38	-0.06	-0.55	0.8	HSSIX
FONPX	-0.55	0.44	-0.37	-0.56		-0.55	0.38	0.7	0.95	-0.2	FONPX
HSSAX	1.0	0.07	0.69	0.96	-0.55		0.37	-0.05	-0.54	0.81	HSSAX
MMCFX	0.37	0.39	0.36	0.38	0.38	0.37		0.54	0.38	0.53	MMCFX
DEBTX	-0.05	0.55	-0.06	-0.06	0.7	-0.05	0.54		0.67	0.27	DEBTX
EAAAX	-0.55	0.39	-0.41	-0.55	0.95	-0.54	0.38	0.67		-0.18	EAAAX
IPSAX	0.81	0.29	0.64	0.8	-0.2	0.81	0.53	0.27	-0.18		IPSAX
	HSSCX	ARRFX	RPXFX	HSSIX	FONPX	HSSAX	MMCFX	DEBTX	EAAAX	IPSAX

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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

HSSAX	+ 1.0	HSSCX
HSSIX	+ 0.96	HSSCX
HSSAX	+ 0.96	HSSIX
EAAAX	+ 0.95	FONPX
IPSAX	+ 0.81	HSSCX
IPSAX	+ 0.81	HSSAX

High negative correlations

FONPX	- 0.56	HSSIX
HSSAX	- 0.55	FONPX
EAAAX	- 0.55	HSSIX
EAAAX	- 0.55	HSSCX
FONPX	- 0.55	HSSCX
EAAAX	- 0.54	HSSAX

Risk-Adjusted Indicators

There is a big difference between SMCIX Mutual Fund performing well and SP SMALLCAP Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare SP SMALLCAP's efficiency and downside exposure against peers in a more meaningful way. 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
HSSCX	1.18	-0.22	0.00	1.27	0.00	0.00	2.79	-2.93	8.80
ARRFX	0.82	0.15	0.26	0.22	0.61	-1.12	1.45	-1.33	14.22
RPXFX	0.84	0.08	0.09	0.02	1.05	-0.91	1.21	-1.93	12.15
HSSIX	1.20	-0.11	0.00	-0.16	0.00	0.00	2.77	-2.90	8.83
FONPX	0.08	0.00	0.42	0.22	0.00	-0.14	0.21	-0.21	0.75
HSSAX	1.18	-0.22	0.00	1.29	0.00	0.00	2.74	-2.90	8.79
MMCFX	0.90	0.04	0.00	-0.05	0.00	0.00	1.95	-1.86	7.48
DEBTX	0.15	-0.01	0.00	-0.45	0.00	0.00	0.29	-0.39	0.97
EAAAX	0.43	0.05	0.15	0.02	0.58	-0.40	0.72	-1.00	2.37
IPSAX	0.55	-0.09	0.00	-0.28	0.00	0.00	0.88	-1.79	4.36

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