Simt Large Correlations

SLYCX Fund

USD 15.79 0.14 0.89%

The current 90-days correlation between Simt Large Cap and Deutsche Gold Precious is -0.52 (i.e., Excellent diversification). The correlation of Simt Large 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 Large Correlation With Market

Very poor diversification

The correlation between Simt Large Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large Cap 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 Large Cap. 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 main economic indicators.

Moving together with Simt Mutual Fund

1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VINIX	Vanguard Institutional	Pair Corr
0.87	VIIIX	Vanguard Institutional	Pair Corr
0.83	CPAYX	Columbia Pacific/asia	Pair Corr
0.95	CASAX	Columbia Pacificasia	Pair Corr
0.86	CCCZX	Center St Brookfield	Pair Corr
0.86	CASCX	Columbia Pacificasia	Pair Corr
0.97	MGHRX	Morgan Stanley Insti	Pair Corr
0.97	MSEQX	Growth Portfolio Class	Pair Corr
0.83	MSHLX	Growth Portfolio Class	Pair Corr
0.61	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Simt Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.33	WMT	Walmart	Pair Corr

Related Correlations Analysis

	SGDIX	IOGYX	FRGOX	FGDIX	FEGOX	EPGFX	IIGCX
SGDIX		0.78	0.99	0.85	0.97	0.92	0.85	SGDIX
IOGYX	0.78		0.74	0.72	0.71	0.63	0.74	IOGYX
FRGOX	0.99	0.74		0.87	0.98	0.95	0.87	FRGOX
FGDIX	0.85	0.72	0.87		0.86	0.84	0.99	FGDIX
FEGOX	0.97	0.71	0.98	0.86		0.95	0.85	FEGOX
EPGFX	0.92	0.63	0.95	0.84	0.95		0.82	EPGFX
IIGCX	0.85	0.74	0.87	0.99	0.85	0.82		IIGCX
	SGDIX	IOGYX	FRGOX	FGDIX	FEGOX	EPGFX	IIGCX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Large 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 Large'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
SGDIX	1.36	0.44	(0.01)	(0.19)	1.85	(1.43)	2.96	(2.90)	11.33
IOGYX	1.40	0.04	(0.06)	0.35	1.94	(1.41)	2.84	(3.66)	10.46
FRGOX	1.45	0.45	0.00	(0.25)	1.78	(1.54)	3.02	(2.57)	11.91
FGDIX	1.56	0.11	(0.04)	0.93	2.06	(1.66)	3.17	(3.72)	12.28
FEGOX	1.35	0.34	(0.06)	(0.12)	1.72	(1.49)	2.58	(2.99)	9.95
EPGFX	1.42	0.44	0.00	(0.27)	1.78	(1.52)	3.36	(2.87)	10.25
IIGCX	1.54	0.09	(0.03)	0.55	2.06	(1.64)	3.27	(3.53)	12.48

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