Simt Multi-strategy Correlations

Mutual Funds . USA . 
Fund . Simt Multi Strategy Alternative
SMSAX Fund  USD 9.98  0.02  0.20%   
The current 90-days correlation between Simt Multi Strategy and Simt Multi Asset Accumulation is 0.53 (i.e., Very weak diversification). The correlation of Simt Multi-strategy 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 Multi-strategy Correlation With Market

Poor diversification

The correlation between Simt Multi Strategy Alternativ and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Strategy Alternativ 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 Multi Strategy Alternative. 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 nation.

Moving together with Simt Mutual Fund

  0.96SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.66SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.96TFCAX Tax Free ConservativePairCorr
  0.96TFCYX Tax Free ConservativePairCorr
  0.99SSPIX Simt Sp 500PairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.97SBDAX Stet California MunicipalPairCorr
  0.99STDAX Saat Defensive StrategyPairCorr
  0.99ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.97STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.61SCFYX Simt E FixedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.62SCOAX Siit E FixedPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.98SUMAX Stet Short DurationPairCorr
  0.92SUSYX Simt Managed VolatilityPairCorr
  0.94SUSAX Siit Ultra ShortPairCorr
  0.82SDGFX Sdit Short DurationPairCorr
  0.99SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.92SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.97SVSAX Saat Servative StrategyPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi-strategy 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 Multi-strategy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAAAX  0.30  0.06 (0.09) 0.41  0.18 
(0.37)
 0.68 
(0.56)
 2.12 
SRWAX  0.33  0.09  0.02  0.34  0.00 
(0.39)
 1.10 
(0.62)
 2.29 
SRYRX  0.11  0.02 (0.53)(0.37) 0.00 
(0.14)
 0.21 
(0.20)
 0.82 
SSCGX  0.82  0.06  0.06  0.19  0.80 
(0.89)
 2.18 
(1.49)
 5.22 
SSEAX  0.45  0.15  0.11  0.48  0.15 
(0.54)
 1.05 
(0.87)
 3.44 
SSGAX  0.45  0.11  0.08  0.32  0.18 
(0.51)
 1.40 
(0.85)
 2.98 
SASDX  0.45  0.11  0.07  0.32  0.22 
(0.53)
 1.44 
(0.87)
 3.05 
SSMAX  0.76  0.04  0.04  0.17  0.81 
(0.87)
 2.17 
(1.53)
 5.82 
TFCAX  0.03  0.00  0.00  0.36  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
TFCYX  0.03  0.00  0.00  0.51  0.00 
 0.00 
 0.10 
 0.00 
 0.30 

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