Simt Managed Correlations

SEVIX Fund

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The current 90-days correlation between Simt Managed Volatility and Simt Managed Volatility is 0.03 (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

Significant diversification

The correlation between Simt Managed Volatility and DJI is 0.06 (i.e., Significant 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 against Simt Mutual Fund

0.78	TFCAX	Tax Free Conservative	Pair Corr
0.78	TFCYX	Tax Free Conservative	Pair Corr
0.64	SBDAX	Stet California Municipal	Pair Corr
0.46	ENIAX	Siit Opportunistic Income	Pair Corr
0.4	SRWAX	Saat Market Growth	Pair Corr
0.38	SCMSX	Saat E Market	Pair Corr
0.37	SSGAX	Saat Aggressive Strategy	Pair Corr
0.36	SSPIX	Simt Sp 500	Pair Corr
0.35	SCLAX	Simt Multi Asset	Pair Corr
0.34	STLYX	Simt Tax Managed	Pair Corr
0.32	SSEAX	Siit Screened World	Pair Corr
0.32	STVYX	Simt Tax Managed	Pair Corr
0.76	SUSAX	Siit Ultra Short	Pair Corr
0.71	SECYX	Sdit Ultra Short	Pair Corr
0.68	SDGFX	Sdit Short Duration	Pair Corr
0.67	SUMAX	Stet Short Duration	Pair Corr
0.63	SCYYX	Stet California Municipal	Pair Corr
0.59	SEDAX	Siit Emerging Markets	Pair Corr
0.54	SEFCX	Sit International Equity	Pair Corr
0.41	SEEIX	Sei Instit International	Pair Corr
0.39	SVAYX	Simt Large Cap	Pair Corr
0.37	SEAIX	Saat Aggressive Strategy	Pair Corr
0.36	SCPAX	Siit Large Cap	Pair Corr
0.35	SDYAX	Simt Dynamic Asset	Pair Corr
0.35	SDYYX	Simt Dynamic Asset	Pair Corr
0.34	SDLAX	Siit Dynamic Asset	Pair Corr
0.32	SUSYX	Simt Managed Volatility	Pair Corr

Related Correlations Analysis

	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	PRNIX	PQNAX	LCRIX	IDIVX
SUSYX		1.0	0.67	1.0	0.94	0.71	0.91	0.92	0.66	-0.01	SUSYX
SVOAX	1.0		0.67	1.0	0.94	0.71	0.91	0.92	0.66	-0.02	SVOAX
STVYX	0.67	0.67		0.64	0.73	0.81	0.76	0.75	0.81	0.48	STVYX
TMMAX	1.0	1.0	0.64		0.94	0.69	0.9	0.91	0.66	-0.04	TMMAX
ANTUX	0.94	0.94	0.73	0.94		0.79	0.93	0.94	0.78	0.08	ANTUX
STMPX	0.71	0.71	0.81	0.69	0.79		0.87	0.86	0.62	0.28	STMPX
PRNIX	0.91	0.91	0.76	0.9	0.93	0.87		1.0	0.69	0.17	PRNIX
PQNAX	0.92	0.92	0.75	0.91	0.94	0.86	1.0		0.69	0.15	PQNAX
LCRIX	0.66	0.66	0.81	0.66	0.78	0.62	0.69	0.69		0.4	LCRIX
IDIVX	-0.01	-0.02	0.48	-0.04	0.08	0.28	0.17	0.15	0.4		IDIVX
	SUSYX	SVOAX	STVYX	TMMAX	ANTUX	STMPX	PRNIX	PQNAX	LCRIX	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

SVOAX	+ 1.0	SUSYX
TMMAX	+ 1.0	SUSYX
TMMAX	+ 1.0	SVOAX
PQNAX	+ 1.0	PRNIX
ANTUX	+ 0.94	SUSYX
ANTUX	+ 0.94	SVOAX

High negative correlations

IDIVX	- 0.04	TMMAX
IDIVX	- 0.02	SVOAX
IDIVX	- 0.01	SUSYX

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
SUSYX	0.75	0.26	0.34	1.13	0.00	(1.06)	1.01	(0.82)	19.01
SVOAX	0.76	0.27	0.35	1.16	0.00	(1.10)	1.01	(0.90)	19.10
STVYX	0.38	(0.02)	(0.12)	0.03	0.47	(0.41)	0.81	(0.81)	2.20
TMMAX	1.02	0.49	0.72	(9.56)	0.00	(1.32)	0.89	(0.88)	32.02
ANTUX	0.61	0.20	0.21	0.46	0.20	(0.79)	1.57	(1.12)	7.45
STMPX	0.83	(0.02)	0.00	0.07	0.96	(0.87)	1.81	(1.69)	4.11
PRNIX	0.80	0.08	0.01	0.52	0.92	(0.84)	1.71	(1.41)	4.52
PQNAX	0.82	0.10	0.03	0.63	0.92	(0.88)	1.66	(1.40)	5.13
LCRIX	0.48	0.13	0.12	1.02	0.17	(0.58)	0.77	(0.67)	7.62
IDIVX	0.58	(0.04)	0.00	(0.20)	0.00	0.00	0.98	(1.12)	5.99

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