Simt Managed Correlations

SUSYX Fund

USD 13.17 1.99 13.13%

The current 90-days correlation between Simt Managed Volatility and Simt Managed Volatility is 0.02 (i.e., Significant diversification). The correlation of Simt 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 Managed Correlation With Market

Poor diversification

The correlation between Simt Managed Volatility and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Managed Volatility 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 Managed Volatility. 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

0.62	SSEAX	Siit Screened World	Pair Corr
0.63	SSMAX	Siit Small Mid	Pair Corr
0.65	STLYX	Simt Tax Managed	Pair Corr
0.81	STMPX	Simt Tax Managed	Pair Corr
0.71	STMSX	Simt Tax Managed	Pair Corr
0.9	STVYX	Simt Tax Managed	Pair Corr
0.71	SVAYX	Simt Large Cap	Pair Corr
1.0	SVOAX	Simt Managed Volatility	Pair Corr

Moving against Simt Mutual Fund

0.44

SEFIX

Sit International Fixed

Pair Corr

Related Correlations Analysis

	SEVIX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	LCRIX	PRNIX	PQNAX	IDIVX
SEVIX		0.22	-0.12	-0.11	-0.42	0.19	0.29	0.34	0.36	-0.53	SEVIX
SVOAX	0.22		0.89	0.9	0.42	0.82	0.74	0.73	0.72	0.43	SVOAX
STVYX	-0.12	0.89		1.0	0.57	0.65	0.56	0.55	0.53	0.69	STVYX
TMMAX	-0.11	0.9	1.0		0.56	0.65	0.56	0.55	0.54	0.69	TMMAX
ANTUX	-0.42	0.42	0.57	0.56		0.42	0.34	0.33	0.31	0.69	ANTUX
STMPX	0.19	0.82	0.65	0.65	0.42		0.84	0.83	0.82	0.42	STMPX
LCRIX	0.29	0.74	0.56	0.56	0.34	0.84		0.76	0.77	0.29	LCRIX
PRNIX	0.34	0.73	0.55	0.55	0.33	0.83	0.76		1.0	0.41	PRNIX
PQNAX	0.36	0.72	0.53	0.54	0.31	0.82	0.77	1.0		0.38	PQNAX
IDIVX	-0.53	0.43	0.69	0.69	0.69	0.42	0.29	0.41	0.38		IDIVX
	SEVIX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	LCRIX	PRNIX	PQNAX	IDIVX

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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

TMMAX	+ 1.0	STVYX
PQNAX	+ 1.0	PRNIX
TMMAX	+ 0.9	SVOAX
STVYX	+ 0.89	SVOAX
LCRIX	+ 0.84	STMPX
PRNIX	+ 0.83	STMPX

High negative correlations

IDIVX	- 0.53	SEVIX
ANTUX	- 0.42	SEVIX
STVYX	- 0.12	SEVIX
TMMAX	- 0.11	SEVIX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt 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 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
SEVIX	0.23	(0.04)	0.00	(1.71)	0.00	0.00	0.53	(0.79)	2.20
SVOAX	0.41	(0.03)	(0.11)	0.01	0.48	(0.47)	0.94	(0.92)	2.49
STVYX	0.37	(0.01)	(0.08)	0.05	0.46	(0.38)	0.87	(0.81)	2.20
TMMAX	0.38	(0.01)	(0.08)	0.05	0.46	(0.39)	0.82	(0.81)	2.20
ANTUX	0.72	(0.14)	0.00	(0.08)	0.00	0.00	1.45	(1.47)	3.38
STMPX	0.80	(0.04)	(0.02)	0.03	1.01	(0.82)	1.84	(1.67)	4.90
LCRIX	0.39	(0.03)	(0.11)	0.01	0.52	(0.37)	0.77	(0.76)	2.21
PRNIX	0.73	0.00	(0.04)	0.06	1.01	(0.74)	1.68	(1.42)	4.60
PQNAX	0.73	0.00	(0.05)	0.06	0.99	(0.76)	1.67	(1.41)	4.62
IDIVX	0.48	0.06	0.00	0.67	0.52	(0.53)	0.98	(1.05)	2.30

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