Summit Global Correlations

SGLIX Fund

USD 40.44 0.13 0.32%

The current 90-days correlation between Summit Global Investments and Dws Emerging Markets is -0.05 (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 gross domestic product.

Moving together with Summit Mutual Fund

0.73

SGPGX

Sgi Prudent Growth

Pair Corr

Moving against Summit Mutual Fund

0.34

XGEIX

Guggenheim Energy Income

Pair Corr

Related Correlations Analysis

	SEKRX	POEIX	RESAX	EMCIX	PCEMX
SEKRX		0.98	0.55	0.77	0.95	SEKRX
POEIX	0.98		0.5	0.83	0.94	POEIX
RESAX	0.55	0.5		0.54	0.53	RESAX
EMCIX	0.77	0.83	0.54		0.81	EMCIX
PCEMX	0.95	0.94	0.53	0.81		PCEMX
	SEKRX	POEIX	RESAX	EMCIX	PCEMX

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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
SEKRX	0.77	0.03	(0.10)	(0.19)	0.98	(0.79)	1.85	(1.49)	5.33
POEIX	0.80	0.02	(0.10)	(0.15)	1.00	(0.85)	1.54	(1.82)	5.70
RESAX	0.20	0.00	(0.38)	0.27	0.17	(0.31)	0.49	(0.37)	1.71
EMCIX	0.15	(0.01)	0.00	0.61	0.00	0.00	0.52	(0.34)	0.87
PCEMX	0.73	(0.02)	(0.10)	0.03	1.05	(0.70)	1.63	(1.69)	6.32

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