Simt Large Correlations

SLGFX Fund

USD 22.23 0.07 0.32%

The current 90-days correlation between Simt Large Cap and Baird Midcap Fund is 0.36 (i.e., Weak diversification). The correlation of Simt Large 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 Large Correlation With Market

Poor diversification

The correlation between Simt Large Cap and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large 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 Large 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 price.

Moving together with Simt Mutual Fund

0.62	SAAAX	Simt Multi Asset	Pair Corr
0.66	SRWAX	Saat Market Growth	Pair Corr
0.68	SSEAX	Siit Screened World	Pair Corr
0.86	SSGAX	Saat Aggressive Strategy	Pair Corr
0.87	SASDX	Saat Aggressive Strategy	Pair Corr
0.63	SSMAX	Siit Small Mid	Pair Corr
0.95	SSPIX	Simt Sp 500	Pair Corr
0.67	STLYX	Simt Tax Managed	Pair Corr
0.87	SCLAX	Simt Multi Asset	Pair Corr
0.8	SCPAX	Siit Large Cap	Pair Corr
0.63	SDLAX	Siit Dynamic Asset	Pair Corr
0.68	SVAYX	Simt Large Cap	Pair Corr
0.64	SDYAX	Simt Dynamic Asset	Pair Corr
0.79	SDYYX	Simt Dynamic Asset	Pair Corr
0.85	SEAIX	Saat Aggressive Strategy	Pair Corr

Related Correlations Analysis

	BMDSX	BMDIX	LEVIX	LEVOX	SWYFX	SFAAX	SSPIX	RYTFX	SPIIX
BMDSX		1.0	-0.31	-0.3	-0.27	0.74	0.53	0.76	0.53	BMDSX
BMDIX	1.0		-0.3	-0.3	-0.26	0.73	0.52	0.76	0.52	BMDIX
LEVIX	-0.31	-0.3		1.0	0.91	-0.01	0.35	-0.14	0.35	LEVIX
LEVOX	-0.3	-0.3	1.0		0.91	-0.01	0.35	-0.13	0.35	LEVOX
SWYFX	-0.27	-0.26	0.91	0.91		-0.04	0.36	-0.12	0.35	SWYFX
SFAAX	0.74	0.73	-0.01	-0.01	-0.04		0.82	0.49	0.82	SFAAX
SSPIX	0.53	0.52	0.35	0.35	0.36	0.82		0.4	1.0	SSPIX
RYTFX	0.76	0.76	-0.14	-0.13	-0.12	0.49	0.4		0.41	RYTFX
SPIIX	0.53	0.52	0.35	0.35	0.35	0.82	1.0	0.41		SPIIX
	BMDSX	BMDIX	LEVIX	LEVOX	SWYFX	SFAAX	SSPIX	RYTFX	SPIIX

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

BMDIX	+ 1.0	BMDSX
LEVOX	+ 1.0	LEVIX
SPIIX	+ 1.0	SSPIX
SWYFX	+ 0.91	LEVIX
SWYFX	+ 0.91	LEVOX
SSPIX	+ 0.82	SFAAX

High negative correlations

LEVIX	- 0.31	BMDSX
LEVOX	- 0.3	BMDIX
LEVIX	- 0.3	BMDIX
LEVOX	- 0.3	BMDSX
SWYFX	- 0.27	BMDSX
SWYFX	- 0.26	BMDIX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Large 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 Large'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
BMDSX	0.91	(0.31)	0.00	(0.23)	0.00	0.00	1.35	(1.82)	14.24
BMDIX	0.89	(0.29)	0.00	(0.22)	0.00	0.00	1.40	(1.78)	13.06
LEVIX	1.07	0.04	0.04	0.09	1.25	(1.26)	2.41	(2.60)	6.08
LEVOX	1.07	0.04	0.04	0.09	1.24	(1.26)	2.41	(2.57)	5.99
SWYFX	0.40	0.00	(0.04)	0.05	0.55	(0.38)	0.85	(0.78)	2.25
SFAAX	0.61	(0.16)	0.00	(0.37)	0.00	0.00	0.89	(1.01)	11.60
SSPIX	0.72	(0.13)	0.00	(0.06)	0.00	0.00	1.22	(1.54)	10.06
RYTFX	0.84	(0.18)	0.00	(0.24)	0.00	0.00	2.02	(2.04)	11.87
SPIIX	0.71	(0.13)	0.00	(0.07)	0.00	0.00	1.22	(1.54)	9.99

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