Simt Mid Correlations

SIPIX Fund

USD 27.88 0.34 1.23%

The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is 1.0 (i.e., No risk reduction). 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 0.83 (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

0.86	SRWAX	Saat Market Growth	Pair Corr
0.8	SSCGX	Simt Small Cap	Pair Corr
0.71	SSEAX	Siit Screened World	Pair Corr
0.79	SSGAX	Saat Aggressive Strategy	Pair Corr
0.79	SASDX	Saat Aggressive Strategy	Pair Corr
0.85	SSMAX	Siit Small Mid	Pair Corr
0.62	TFCAX	Tax Free Conservative	Pair Corr
0.62	TFCYX	Tax Free Conservative	Pair Corr
0.76	SSPIX	Simt Sp 500	Pair Corr
0.94	STLYX	Simt Tax Managed	Pair Corr
0.96	STMPX	Simt Tax Managed	Pair Corr
0.92	STMSX	Simt Tax Managed	Pair Corr
0.83	STVYX	Simt Tax Managed	Pair Corr
0.86	SCMSX	Saat E Market	Pair Corr
0.74	SCLAX	Simt Multi Asset	Pair Corr
0.73	SCPAX	Siit Large Cap	Pair Corr
0.67	SUMAX	Stet Short Duration	Pair Corr
0.68	SUSYX	Simt Managed Volatility	Pair Corr
0.65	SUSAX	Siit Ultra Short	Pair Corr
0.73	SDGFX	Sdit Short Duration	Pair Corr
0.68	SDLAX	Siit Dynamic Asset	Pair Corr
0.75	SVAYX	Simt Large Cap	Pair Corr
0.68	SDYAX	Simt Dynamic Asset	Pair Corr
0.68	SVOAX	Simt Managed Volatility	Pair Corr
0.68	SDYYX	Simt Dynamic Asset	Pair Corr
0.74	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.37	SRYRX	Simt Real Return	Pair Corr
0.58	SVYAX	Siit Managed Volatility	Pair Corr
0.56	SEFIX	Sit International Fixed	Pair Corr

Related Correlations Analysis

	SFDYX	SEMCX	ARDEX	HMSFX	ARFFX	MSSVX	IJUN	GLNAX	JAMFX	RLGAX
SFDYX		0.69	0.66	0.52	0.74	0.93	0.91	0.68	0.11	0.77	SFDYX
SEMCX	0.69		0.96	0.34	0.98	0.76	0.81	0.56	-0.15	0.65	SEMCX
ARDEX	0.66	0.96		0.34	0.95	0.74	0.79	0.53	-0.17	0.64	ARDEX
HMSFX	0.52	0.34	0.34		0.33	0.42	0.42	0.11	-0.59	0.44	HMSFX
ARFFX	0.74	0.98	0.95	0.33		0.79	0.84	0.66	-0.02	0.64	ARFFX
MSSVX	0.93	0.76	0.74	0.42	0.79		0.91	0.65	0.11	0.8	MSSVX
IJUN	0.91	0.81	0.79	0.42	0.84	0.91		0.74	0.08	0.85	IJUN
GLNAX	0.68	0.56	0.53	0.11	0.66	0.65	0.74		0.47	0.66	GLNAX
JAMFX	0.11	-0.15	-0.17	-0.59	-0.02	0.11	0.08	0.47		-0.06	JAMFX
RLGAX	0.77	0.65	0.64	0.44	0.64	0.8	0.85	0.66	-0.06		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

ARFFX	+ 0.98	SEMCX
ARDEX	+ 0.96	SEMCX
ARFFX	+ 0.95	ARDEX
MSSVX	+ 0.93	SFDYX
IJUN	+ 0.91	SFDYX
IJUN	+ 0.91	MSSVX

High negative correlations

JAMFX	- 0.59	HMSFX
JAMFX	- 0.17	ARDEX
JAMFX	- 0.15	SEMCX
RLGAX	- 0.06	JAMFX
JAMFX	- 0.02	ARFFX

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	0.70	(0.03)	(0.03)	0.06	0.88	(0.73)	1.35	(1.50)	3.12
SEMCX	1.15	0.43	0.40	0.85	0.31	(1.42)	1.52	(1.48)	28.03
ARDEX	0.98	0.46	0.55	104.04	0.00	(1.47)	1.05	(0.79)	28.09
HMSFX	0.67	(0.03)	0.00	(0.05)	0.00	0.00	1.30	(1.64)	3.39
ARFFX	0.91	0.19	0.16	0.37	0.68	(1.18)	1.75	(1.31)	14.28
MSSVX	1.34	0.05	0.06	0.11	1.68	(1.43)	2.49	(2.67)	6.89
IJUN	0.32	0.00	(0.11)	0.09	0.34	(0.32)	0.63	(0.67)	1.47
GLNAX	0.61	0.00	(0.09)	0.07	0.76	(0.62)	1.14	(1.06)	3.13
JAMFX	1.44	(0.27)	0.00	(0.07)	0.00	0.00	2.44	(3.66)	6.86
RLGAX	0.40	0.03	(0.07)	0.30	0.49	(0.43)	0.90	(0.82)	2.12

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