Simt Multi Correlations

SLIYX Fund

USD 10.31 0.02 0.19%

The current 90-days correlation between Simt Multi Asset and BlackRock Limited Duration is 0.07 (i.e., Significant diversification). The correlation of Simt Multi 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 Multi Correlation With Market

Poor diversification

The correlation between Simt Multi Asset Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Income 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 Multi Asset Income. 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 unemployment.

Moving together with Simt Mutual Fund

0.87	SRWAX	Saat Market Growth	Pair Corr
0.72	SSCGX	Simt Small Cap	Pair Corr
0.75	SSEAX	Siit Screened World	Pair Corr
0.83	SSGAX	Saat Aggressive Strategy	Pair Corr
0.82	SASDX	Saat Aggressive Strategy	Pair Corr
0.77	SSMAX	Siit Small Mid	Pair Corr
0.89	TFCAX	Tax Free Conservative	Pair Corr
0.89	TFCYX	Tax Free Conservative	Pair Corr
0.81	SSPIX	Simt Sp 500	Pair Corr
0.62	SSTDX	Saat Servative Strategy	Pair Corr
0.75	SBDAX	Stet California Municipal	Pair Corr
0.63	ENIAX	Siit Opportunistic Income	Pair Corr
0.83	STLYX	Simt Tax Managed	Pair Corr
0.69	STMPX	Simt Tax Managed	Pair Corr
0.79	STMSX	Simt Tax Managed	Pair Corr
0.8	STVYX	Simt Tax Managed	Pair Corr
0.81	SCMSX	Saat E Market	Pair Corr
0.75	SCLAX	Simt Multi Asset	Pair Corr
0.79	SCPAX	Siit Large Cap	Pair Corr
0.75	SCYYX	Stet California Municipal	Pair Corr
0.87	SUMAX	Stet Short Duration	Pair Corr
0.76	SUSYX	Simt Managed Volatility	Pair Corr
0.91	SUSAX	Siit Ultra Short	Pair Corr
0.94	SDGFX	Sdit Short Duration	Pair Corr
0.75	SDLAX	Siit Dynamic Asset	Pair Corr
0.84	SVAYX	Simt Large Cap	Pair Corr
0.77	SDYAX	Simt Dynamic Asset Potential Growth	Pair Corr
0.76	SVOAX	Simt Managed Volatility	Pair Corr
0.77	SDYYX	Simt Dynamic Asset	Pair Corr
0.68	SVSAX	Saat Servative Strategy	Pair Corr
0.8	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.49	SRYRX	Simt Real Return	Pair Corr
0.68	SVYAX	Siit Managed Volatility	Pair Corr
0.61	SEFIX	Sit International Fixed	Pair Corr

Related Correlations Analysis

	BLW	ITTIX	IHAYX	ITTAX	HAFCX	IQI	RSIGX	VVR	GUBGX	HRCVX
BLW		0.54	0.5	0.5	0.54	0.25	0.31	0.55	0.38	-0.36	BLW
ITTIX	0.54		0.97	0.96	1.0	0.69	0.8	0.23	0.84	-0.37	ITTIX
IHAYX	0.5	0.97		1.0	0.97	0.71	0.74	0.2	0.79	-0.15	IHAYX
ITTAX	0.5	0.96	1.0		0.97	0.71	0.74	0.19	0.79	-0.15	ITTAX
HAFCX	0.54	1.0	0.97	0.97		0.66	0.82	0.22	0.86	-0.35	HAFCX
IQI	0.25	0.69	0.71	0.71	0.66		0.35	-0.01	0.33	-0.08	IQI
RSIGX	0.31	0.8	0.74	0.74	0.82	0.35		0.13	0.92	-0.38	RSIGX
VVR	0.55	0.23	0.2	0.19	0.22	-0.01	0.13		0.12	-0.18	VVR
GUBGX	0.38	0.84	0.79	0.79	0.86	0.33	0.92	0.12		-0.35	GUBGX
HRCVX	-0.36	-0.37	-0.15	-0.15	-0.35	-0.08	-0.38	-0.18	-0.35		HRCVX
	BLW	ITTIX	IHAYX	ITTAX	HAFCX	IQI	RSIGX	VVR	GUBGX	HRCVX

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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

HAFCX	+ 1.0	ITTIX
ITTAX	+ 1.0	IHAYX
IHAYX	+ 0.97	ITTIX
HAFCX	+ 0.97	IHAYX
HAFCX	+ 0.97	ITTAX
ITTAX	+ 0.96	ITTIX

High negative correlations

HRCVX	- 0.38	RSIGX
HRCVX	- 0.37	ITTIX
HRCVX	- 0.36	BLW
HRCVX	- 0.35	GUBGX
HRCVX	- 0.35	HAFCX
HRCVX	- 0.18	VVR

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi 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 Multi'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
BLW	0.26	(0.01)	(0.20)	(0.08)	0.31	(0.29)	0.51	(0.58)	1.39
ITTIX	0.22	0.02	(0.13)	0.35	0.18	(0.26)	0.46	(0.41)	1.12
IHAYX	0.23	0.01	(0.15)	0.18	0.28	(0.25)	0.49	(0.49)	1.46
ITTAX	0.24	0.01	(0.14)	0.15	0.30	(0.25)	0.46	(0.50)	1.49
HAFCX	0.22	0.02	(0.14)	0.25	0.22	(0.24)	0.46	(0.45)	1.15
IQI	0.28	0.04	(0.10)	(0.86)	0.27	(0.32)	0.71	(0.51)	1.74
RSIGX	0.60	0.02	0.01	0.10	0.71	(0.62)	1.17	(1.27)	2.72
VVR	0.48	(0.05)	0.00	(0.04)	0.00	0.00	0.93	(1.22)	3.08
GUBGX	0.60	0.05	(0.01)	0.27	0.76	(0.61)	1.15	(1.25)	2.79
HRCVX	0.78	(0.27)	0.00	(0.60)	0.00	0.00	1.06	(1.13)	16.88

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