Simt High Correlations

SHYAX Fund

USD 5.32 0.02 0.38%

The current 90-days correlation between Simt High Yield and Simt Tax Managed Smallmid is 0.44 (i.e., Very weak diversification). The correlation of Simt High 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 High Correlation With Market

Poor diversification

The correlation between Simt High Yield and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield 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 High Yield. 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 nation.

Moving together with Simt Mutual Fund

0.94	AHTCX	American High Income	Pair Corr
0.97	BHYCX	Blackrock Hi Yld	Pair Corr
0.74	BHYIX	Blackrock High Yield	Pair Corr
0.75	BHYSX	Blackrock Hi Yld	Pair Corr
0.97	BHYAX	Blackrock High Yield	Pair Corr
0.94	AHTFX	American High Income	Pair Corr
0.94	AHITX	American High Income	Pair Corr
0.95	VWEHX	Vanguard High Yield	Pair Corr
0.94	VWEAX	Vanguard High Yield	Pair Corr
0.72	PHYZX	Prudential High Yield	Pair Corr
0.77	FSMMX	Fs Multi Strategy	Pair Corr
0.78	BTMPX	Ishares Msci Eafe	Pair Corr
0.79	BTMKX	Blackrock International	Pair Corr
0.8	MDIIX	Blackrock Intern Index	Pair Corr
0.94	STSIX	American Beacon Stephens	Pair Corr
0.8	FIMPX	Nuveen Small Cap	Pair Corr
0.65	PRILX	Parnassus Equity Incme	Pair Corr
0.62	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.62	INTC	Intel Upward Rally	Pair Corr

Moving against Simt Mutual Fund

0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.41	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SIPIX	SIYYX	SAAAX	SRYRX	SSCGX	SSPIX	STLYX	STMPX	STMSX
SIPIX		0.93	0.39	0.28	0.81	0.99	0.88	0.94	0.79	SIPIX
SIYYX	0.93		0.49	0.34	0.8	0.94	0.92	0.94	0.8	SIYYX
SAAAX	0.39	0.49		0.74	0.74	0.44	0.55	0.5	0.74	SAAAX
SRYRX	0.28	0.34	0.74		0.58	0.31	0.44	0.38	0.61	SRYRX
SSCGX	0.81	0.8	0.74	0.58		0.84	0.82	0.86	0.98	SSCGX
SSPIX	0.99	0.94	0.44	0.31	0.84		0.92	0.95	0.82	SSPIX
STLYX	0.88	0.92	0.55	0.44	0.82	0.92		0.96	0.86	STLYX
STMPX	0.94	0.94	0.5	0.38	0.86	0.95	0.96		0.88	STMPX
STMSX	0.79	0.8	0.74	0.61	0.98	0.82	0.86	0.88		STMSX
	SIPIX	SIYYX	SAAAX	SRYRX	SSCGX	SSPIX	STLYX	STMPX	STMSX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt High 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 High'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
SIPIX	1.12	0.44	0.50	1.07	0.00	(1.44)	1.49	(1.40)	28.63
SIYYX	0.15	0.03	(0.13)	(2.62)	0.00	(0.30)	0.57	(0.19)	1.34
SAAAX	0.47	0.04	0.01	0.14	0.50	(0.52)	0.92	(1.03)	2.56
SRYRX	0.06	0.00	(0.50)	0.01	0.00	(0.11)	0.10	(0.10)	0.41
SSCGX	1.01	0.21	0.16	0.30	0.93	(1.16)	1.92	(1.78)	11.41
SSPIX	0.62	0.14	0.13	0.28	0.57	(0.70)	1.22	(1.18)	9.32
STLYX	0.51	0.03	0.01	0.10	0.55	(0.54)	1.03	(0.94)	3.24
STMPX	0.79	0.07	0.08	0.14	0.70	(0.90)	2.18	(1.45)	4.87
STMSX	0.78	0.12	0.13	0.19	0.65	(0.90)	2.19	(1.45)	4.80

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