Summit Global Correlations

SGICX Fund

USD 21.52 0.12 0.56%

The current 90-days correlation between Summit Global Investments and Fidelity Sai Inflationfocused is -0.04 (i.e., Good diversification). The correlation of Summit Global 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.

Summit Global Correlation With Market

Very poor diversification

The correlation between Summit Global Investments and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Global Investments 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 Summit Global Investments. 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 Summit Mutual Fund

0.97	SGPKX	Sgi Peak Growth	Pair Corr
0.95	SGPGX	Sgi Prudent Growth	Pair Corr
1.0	SILVX	Summit Global Investments	Pair Corr
0.92	BOGIX	Bogle Small Cap	Pair Corr
1.0	LVOLX	Summit Global Investments	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.82	VINIX	Vanguard Institutional	Pair Corr
0.82	VIIIX	Vanguard Institutional	Pair Corr
0.71	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.71	LSHEX	Kinetics Spin Off Downward Rally	Pair Corr
0.7	WWNPX	Kinetics Paradigm Downward Rally	Pair Corr
0.7	KNPCX	Kinetics Paradigm Downward Rally	Pair Corr
0.75	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.75	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.75	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.82	JABRX	Janus Balanced	Pair Corr
0.86	CGAAX	Columbia Growth 529	Pair Corr
0.78	LNOCX	Ladenburg Income Growth	Pair Corr
0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	PSTWX	Smallcap Value	Pair Corr
0.85	OAKBX	Oakmark Equity And	Pair Corr
0.9	SSIAX	1919 Socially Responsive	Pair Corr
0.85	NUESX	Northern Quality Esg	Pair Corr
0.77	RFNBX	American Funds Funda	Pair Corr
0.77	FINFX	American Funds Funda	Pair Corr

Related Correlations Analysis

	FIFGX	TIIHX	BPRIX	FIPRX	ANBIX	AUNTX
FIFGX		0.04	-0.02	-0.09	0.14	0.64	FIFGX
TIIHX	0.04		0.98	0.98	0.98	0.05	TIIHX
BPRIX	-0.02	0.98		0.99	0.92	-0.07	BPRIX
FIPRX	-0.09	0.98	0.99		0.92	-0.13	FIPRX
ANBIX	0.14	0.98	0.92	0.92		0.19	ANBIX
AUNTX	0.64	0.05	-0.07	-0.13	0.19		AUNTX
	FIFGX	TIIHX	BPRIX	FIPRX	ANBIX	AUNTX

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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

FIPRX	+ 0.99	BPRIX
BPRIX	+ 0.98	TIIHX
FIPRX	+ 0.98	TIIHX
ANBIX	+ 0.98	TIIHX
ANBIX	+ 0.92	BPRIX
ANBIX	+ 0.92	FIPRX

High negative correlations

AUNTX	- 0.13	FIPRX
FIPRX	- 0.09	FIFGX
AUNTX	- 0.07	BPRIX
BPRIX	- 0.02	FIFGX

Risk-Adjusted Indicators

There is a big difference between Summit Mutual Fund performing well and Summit Global 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 Summit Global'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
FIFGX	0.93	0.01	(0.09)	(0.02)	1.22	(0.92)	1.72	(1.98)	4.96
TIIHX	0.14	(0.02)	0.00	(1.16)	0.00	0.00	0.28	(0.28)	0.84
BPRIX	0.20	(0.02)	0.00	(1.76)	0.00	0.00	0.40	(0.51)	1.11
FIPRX	0.22	(0.02)	0.00	(2.43)	0.00	0.00	0.40	(0.51)	1.20
ANBIX	0.14	(0.01)	0.00	(0.45)	0.00	0.00	0.29	(0.29)	0.87
AUNTX	0.12	0.01	(0.51)	0.22	0.00	(0.17)	0.28	(0.19)	1.03

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