Simt Us Correlations

SEVIX Fund

USD 14.80 0.06 0.41%

The current 90-days correlation between Simt Managed Volatility and Simt Managed Volatility is 1.0 (i.e., No risk reduction). The correlation of Simt Us 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 Us Correlation With Market

Good diversification

The correlation between Simt Managed Volatility and DJI is -0.12 (i.e., Good 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 gross domestic product.

Moving together with Simt Mutual Fund

0.72	SSMAX	Siit Small Mid	Pair Corr
0.73	STMPX	Simt Tax Managed	Pair Corr
0.77	STMSX	Simt Tax Managed	Pair Corr
0.75	STVYX	Simt Tax Managed	Pair Corr
1.0	SUSYX	Simt Managed Volatility	Pair Corr
0.64	SVAYX	Simt Large Cap	Pair Corr
0.84	SVOAX	Simt Managed Volatility	Pair Corr

Related Correlations Analysis

	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	PQNAX	PRNIX	STMPX	LCRIX	IDIVX
SUSYX		0.83	0.76	0.76	0.33	0.85	0.77	0.75	0.5	0.5	SUSYX
SVOAX	0.83		0.9	0.91	0.3	0.7	0.88	0.76	0.43	0.3	SVOAX
STVYX	0.76	0.9		1.0	0.45	0.54	0.69	0.75	0.6	0.52	STVYX
TMMAX	0.76	0.91	1.0		0.44	0.55	0.69	0.74	0.59	0.51	TMMAX
ANTUX	0.33	0.3	0.45	0.44		0.03	0.16	0.47	0.54	0.68	ANTUX
PQNAX	0.85	0.7	0.54	0.55	0.03		0.82	0.65	0.34	0.26	PQNAX
PRNIX	0.77	0.88	0.69	0.69	0.16	0.82		0.77	0.34	0.15	PRNIX
STMPX	0.75	0.76	0.75	0.74	0.47	0.65	0.77		0.82	0.68	STMPX
LCRIX	0.5	0.43	0.6	0.59	0.54	0.34	0.34	0.82		0.87	LCRIX
IDIVX	0.5	0.3	0.52	0.51	0.68	0.26	0.15	0.68	0.87		IDIVX
	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	PQNAX	PRNIX	STMPX	LCRIX	IDIVX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Us 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 Us' 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
SUSYX	0.38	0.02	(0.13)	(0.17)	0.40	(0.50)	0.94	(0.79)	2.47
SVOAX	0.38	(0.05)	(0.17)	0.00	0.43	(0.48)	0.94	(0.79)	2.40
STVYX	0.35	(0.04)	(0.16)	0.00	0.44	(0.38)	0.82	(0.81)	2.51
TMMAX	0.36	(0.04)	(0.16)	0.00	0.45	(0.38)	0.82	(0.81)	2.46
ANTUX	0.53	0.00	(0.04)	0.08	0.67	(0.55)	1.06	(1.21)	3.43
PQNAX	0.73	0.01	(0.09)	0.01	0.88	(0.82)	1.69	(1.22)	6.76
PRNIX	0.73	(0.11)	(0.09)	0.00	0.88	(0.81)	1.70	(1.18)	6.73
STMPX	0.76	(0.07)	(0.03)	0.04	0.85	(0.87)	1.84	(1.29)	6.33
LCRIX	0.34	0.01	(0.08)	0.10	0.28	(0.36)	0.76	(0.59)	1.93
IDIVX	0.40	0.09	(0.01)	(1.07)	0.35	(0.48)	0.97	(0.67)	2.68

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Simt Us Correlations

Simt Us Correlation With Market

Good diversification

Moving together with Simt Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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