Simt Mid Correlations

SIPIX Fund

USD 27.48 0.25 0.90%

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 gross domestic product.

Moving together with Simt Mutual Fund

0.81	TFCAX	Tax Free Conservative	Pair Corr
0.78	TFCYX	Tax Free Conservative	Pair Corr
1.0	SUSYX	Simt Managed Volatility	Pair Corr
0.83	SUSAX	Siit Ultra Short	Pair Corr
1.0	SVOAX	Simt Managed Volatility	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
0.96	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
0.79	SEQFX	Sit Emerging Markets	Pair Corr
1.0	SFDYX	Simt Mid Cap	Pair Corr
0.86	AAEZX	Enhanced Fixed Income	Pair Corr
0.98	SXMAX	Saat Moderate Strategy	Pair Corr
1.0	SGLYX	Simt Global Managed	Pair Corr
0.98	SGMAX	Siit Global Managed	Pair Corr
0.97	SGOAX	Saat Market Growth	Pair Corr
0.91	SGYAX	Siit High Yield	Pair Corr
0.85	SIEDX	Sit Emerging Markets	Pair Corr
0.78	SINYX	Stet Intermediate Term	Pair Corr
0.89	SIMYX	Simt Tax Managed	Pair Corr
0.86	DAACX	Diversified Equity	Pair Corr
0.98	SKTAX	Saat E Market	Pair Corr
0.65	SLFYX	Simt Multi Asset	Pair Corr
0.89	SLIYX	Simt Multi Asset	Pair Corr
0.97	SMAYX	Small Cap Growth	Pair Corr
0.81	SMAAX	Aig Government Money	Pair Corr
1.0	TRMVX	Simt Large Cap	Pair Corr
0.97	LCIAX	Siit Large Cap	Pair Corr
0.97	SPVYX	Simt Small Cap	Pair Corr
0.76	VIMAX	Vanguard Mid Cap	Pair Corr
0.76	VIMSX	Vanguard Mid Cap	Pair Corr
0.76	VMCPX	Vanguard Mid Cap	Pair Corr
0.76	VMCIX	Vanguard Mid Cap	Pair Corr
0.72	VEXAX	Vanguard Extended Market	Pair Corr

Related Correlations Analysis

	SFDYX	SEMCX	ARDEX	HMSFX	ARFFX	MSSVX	IJUN	GLNAX	JAMFX	RLGAX
SFDYX		1.0	0.98	0.57	0.98	0.87	0.88	0.82	-0.16	0.82	SFDYX
SEMCX	1.0		0.98	0.56	0.98	0.87	0.88	0.82	-0.16	0.82	SEMCX
ARDEX	0.98	0.98		0.58	0.96	0.86	0.87	0.81	-0.19	0.8	ARDEX
HMSFX	0.57	0.56	0.58		0.66	0.67	0.69	0.68	-0.62	0.69	HMSFX
ARFFX	0.98	0.98	0.96	0.66		0.92	0.93	0.9	-0.18	0.88	ARFFX
MSSVX	0.87	0.87	0.86	0.67	0.92		0.93	0.92	-0.01	0.95	MSSVX
IJUN	0.88	0.88	0.87	0.69	0.93	0.93		0.96	-0.1	0.94	IJUN
GLNAX	0.82	0.82	0.81	0.68	0.9	0.92	0.96		-0.09	0.94	GLNAX
JAMFX	-0.16	-0.16	-0.19	-0.62	-0.18	-0.01	-0.1	-0.09		0.0	JAMFX
RLGAX	0.82	0.82	0.8	0.69	0.88	0.95	0.94	0.94	0.0		RLGAX
	SFDYX	SEMCX	ARDEX	HMSFX	ARFFX	MSSVX	IJUN	GLNAX	JAMFX	RLGAX

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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

SEMCX	+ 1.0	SFDYX
ARDEX	+ 0.98	SFDYX
ARFFX	+ 0.98	SFDYX
ARDEX	+ 0.98	SEMCX
ARFFX	+ 0.98	SEMCX
ARFFX	+ 0.96	ARDEX

High negative correlations

JAMFX	- 0.62	HMSFX
JAMFX	- 0.19	ARDEX
JAMFX	- 0.18	ARFFX
JAMFX	- 0.16	SEMCX
JAMFX	- 0.16	SFDYX
JAMFX	- 0.1	IJUN

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
SFDYX	1.11	0.44	0.51	1.01	0.00	(1.47)	1.52	(1.36)	28.44
SEMCX	1.12	0.44	0.51	1.00	0.00	(1.48)	1.52	(1.40)	28.48
ARDEX	0.97	0.51	0.67	67.19	0.00	(1.28)	1.07	(0.79)	28.27
HMSFX	0.66	0.18	0.16	1.74	0.56	(0.77)	1.30	(1.09)	3.90
ARFFX	0.90	0.30	0.31	0.52	0.46	(1.16)	1.88	(1.31)	14.87
MSSVX	1.08	0.13	0.09	0.16	1.28	(1.16)	2.26	(2.67)	5.83
IJUN	0.31	0.05	0.02	0.65	0.27	(0.34)	0.63	(0.67)	1.73
GLNAX	0.58	0.08	0.05	0.53	0.59	(0.62)	1.14	(1.03)	3.79
JAMFX	1.34	(0.36)	0.00	(0.18)	0.00	0.00	2.44	(3.18)	6.81
RLGAX	0.39	0.02	0.00	0.09	0.44	(0.43)	0.76	(0.82)	2.21

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