Simt Large Correlations

SELCX Fund

USD 52.52 0.41 0.77%

The current 90-days correlation between Simt Large Cap and Growth Fund Of is 0.95 (i.e., Almost no 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

Poor diversification

The correlation between Simt Large Cap 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 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

0.74	SRWAX	Saat Market Growth	Pair Corr
0.93	SSCGX	Simt Small Cap	Pair Corr
0.84	SSGAX	Saat Aggressive Strategy	Pair Corr
0.82	SASDX	Saat Aggressive Strategy	Pair Corr
0.93	SSMAX	Siit Small Mid	Pair Corr
0.76	TFCAX	Tax Free Conservative	Pair Corr
0.81	TFCYX	Tax Free Conservative	Pair Corr
1.0	SSPIX	Simt Sp 500	Pair Corr
0.92	STDAX	Saat Defensive Strategy	Pair Corr
0.91	ENIAX	Siit Opportunistic Income	Pair Corr
0.96	STLYX	Simt Tax Managed	Pair Corr
0.92	STMPX	Simt Tax Managed	Pair Corr
0.92	STMSX	Simt Tax Managed	Pair Corr
0.8	STVYX	Simt Tax Managed	Pair Corr
0.99	SCPAX	Siit Large Cap	Pair Corr
0.94	SUSYX	Simt Managed Volatility	Pair Corr
0.75	SUSAX	Siit Ultra Short	Pair Corr
0.99	SDLAX	Siit Dynamic Asset	Pair Corr
0.95	SVAYX	Simt Large Cap	Pair Corr
0.99	SDYAX	Simt Dynamic Asset	Pair Corr
0.94	SVOAX	Simt Managed Volatility	Pair Corr
0.99	SDYYX	Simt Dynamic Asset	Pair Corr
0.87	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.76	CFVAX	Catholic Values Fixed	Pair Corr
0.76	CFVYX	Catholic Values Fixed	Pair Corr
0.75	SCFYX	Simt E Fixed	Pair Corr
0.75	SCOAX	Siit E Fixed	Pair Corr
0.42	SBDAX	Stet California Municipal	Pair Corr
0.75	SCXIX	Sei Insti Mgd	Pair Corr
0.41	SCYYX	Stet California Municipal	Pair Corr
0.37	SEEIX	Sei Instit International	Pair Corr
0.35	SEFCX	Sit International Equity	Pair Corr

Related Correlations Analysis

	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
GFAFX		-0.73	0.0	-0.23	0.73	0.67	0.02	-0.49	0.5	0.93	GFAFX
444859BR2	-0.73		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.23	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.73	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.67	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.02	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	-0.49	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	0.5	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	0.93	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	GFAFX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.93	GFAFX
AAEVX	+ 0.75	MSTSX
MSTSX	+ 0.73	GFAFX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	GFAFX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.73	GFAFX
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
SCAXF	- 0.49	GFAFX

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
GFAFX	0.65	0.02	0.01	0.14	0.86	(0.66)	1.34	(1.64)	4.42
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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