Simt Mid Correlations

SFDYX Fund

USD 27.76 0.01 0.04%

The current 90-days correlation between Simt Mid Cap and Fidelity Mid Cap is 0.16 (i.e., Average diversification). The correlation of Simt Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Simt Mid Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid 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 Mid 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 services.

Moving together with Simt Mutual Fund

0.65	SAAAX	Simt Multi Asset	Pair Corr
0.97	SSEAX	Siit Screened World	Pair Corr
0.97	SSGAX	Saat Aggressive Strategy	Pair Corr
0.95	SSMAX	Siit Small Mid	Pair Corr
0.81	TFCAX	Tax Free Conservative	Pair Corr
0.99	SSPIX	Simt Sp 500	Pair Corr
0.82	SBDAX	Stet California Municipal	Pair Corr
0.91	ENIAX	Siit Opportunistic Income	Pair Corr
0.88	STLYX	Simt Tax Managed	Pair Corr
0.94	STMPX	Simt Tax Managed	Pair Corr
1.0	STVYX	Simt Tax Managed	Pair Corr
1.0	SUSYX	Simt Managed Volatility	Pair Corr
0.83	SUSAX	Siit Ultra Short	Pair Corr
0.83	SDGFX	Sdit Short Duration	Pair Corr
0.94	SDLAX	Siit Dynamic Asset	Pair Corr
1.0	SVOAX	Simt Managed Volatility	Pair Corr
0.97	SEAIX	Saat Aggressive Strategy	Pair Corr
0.87	SEDIX	Saat Defensive Strategy	Pair Corr
0.96	SECAX	Siit Small Cap	Pair Corr
0.85	SEDAX	Siit Emerging Markets	Pair Corr
0.99	SEFCX	Sit International Equity	Pair Corr
0.66	SEIAX	Siit Multi Asset	Pair Corr
0.96	SEHAX	Siit Equity Factor	Pair Corr
0.98	SEIRX	Simt Real Estate	Pair Corr
0.95	SEIYX	Simt High Yield	Pair Corr
1.0	SEMCX	Simt Mid Cap	Pair Corr
1.0	SELCX	Simt Large Cap	Pair Corr
0.79	SEQFX	Sit Emerging Markets	Pair Corr
0.97	SESVX	Simt Small Cap	Pair Corr
0.97	WEUSX	Siit World Equity	Pair Corr
0.98	SXMAX	Saat Moderate Strategy	Pair Corr

Moving against Simt Mutual Fund

0.97

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	VIMAX	VIMSX	VMCPX	VMCIX	VEXAX	VEMPX	VIEIX	VEXMX	FSMDX
VIMAX		1.0	1.0	1.0	0.98	0.98	0.98	0.98	0.99	VIMAX
VIMSX	1.0		1.0	1.0	0.98	0.98	0.98	0.98	0.99	VIMSX
VMCPX	1.0	1.0		1.0	0.98	0.98	0.98	0.98	0.99	VMCPX
VMCIX	1.0	1.0	1.0		0.98	0.98	0.98	0.98	0.99	VMCIX
VEXAX	0.98	0.98	0.98	0.98		1.0	1.0	1.0	0.97	VEXAX
VEMPX	0.98	0.98	0.98	0.98	1.0		1.0	1.0	0.97	VEMPX
VIEIX	0.98	0.98	0.98	0.98	1.0	1.0		1.0	0.97	VIEIX
VEXMX	0.98	0.98	0.98	0.98	1.0	1.0	1.0		0.97	VEXMX
FSMDX	0.99	0.99	0.99	0.99	0.97	0.97	0.97	0.97		FSMDX
	VIMAX	VIMSX	VMCPX	VMCIX	VEXAX	VEMPX	VIEIX	VEXMX	FSMDX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Mid 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 Mid'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
VIMAX	0.60	(0.02)	(0.04)	0.02	0.77	(0.59)	1.27	(1.50)	3.28
VIMSX	0.60	(0.02)	(0.04)	0.02	0.77	(0.59)	1.27	(1.50)	3.27
VMCPX	0.60	(0.02)	(0.04)	0.02	0.77	(0.59)	1.27	(1.49)	3.28
VMCIX	0.60	(0.02)	(0.04)	0.02	0.77	(0.59)	1.26	(1.48)	3.27
VEXAX	0.81	(0.03)	(0.02)	0.02	0.99	(0.90)	1.52	(1.84)	3.77
VEMPX	0.81	(0.03)	(0.02)	0.02	0.99	(0.90)	1.52	(1.83)	3.78
VIEIX	0.81	(0.03)	(0.02)	0.02	0.99	(0.90)	1.52	(1.84)	3.78
VEXMX	0.81	(0.03)	(0.02)	0.02	0.99	(0.90)	1.52	(1.83)	3.77
FSMDX	0.65	0.00	(0.01)	0.05	0.78	(0.67)	1.44	(1.46)	3.46

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