Simt Small Correlations

SLLAX Fund

USD 13.23 0.07 0.53%

The current 90-days correlation between Simt Small Cap and Ab Select Longshort is 0.08 (i.e., Significant diversification). The correlation of Simt Small 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 Small Correlation With Market

Very weak diversification

The correlation between Simt Small Cap and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small 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 Small 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 nation.

Moving together with Simt Mutual Fund

0.92	SRWAX	Saat Market Growth	Pair Corr
0.99	SSCGX	Simt Small Cap	Pair Corr
0.94	SSEAX	Siit Screened World	Pair Corr
0.95	SSGAX	Saat Aggressive Strategy	Pair Corr
0.97	SSMAX	Siit Small Mid	Pair Corr
0.63	TFCAX	Tax Free Conservative	Pair Corr
0.63	TFCYX	Tax Free Conservative	Pair Corr
0.97	SSPIX	Simt Sp 500	Pair Corr
0.67	SBDAX	Stet California Municipal	Pair Corr
0.82	STLYX	Simt Tax Managed	Pair Corr
0.86	STMPX	Simt Tax Managed	Pair Corr
0.98	STMSX	Simt Tax Managed	Pair Corr
0.75	STVYX	Simt Tax Managed	Pair Corr
0.74	SCMSX	Saat E Market	Pair Corr
0.88	SCLAX	Simt Multi Asset	Pair Corr
0.94	SCPAX	Siit Large Cap	Pair Corr
0.67	SCYYX	Stet California Municipal	Pair Corr
0.73	SUMAX	Stet Short Duration	Pair Corr
0.97	SUSYX	Simt Managed Volatility	Pair Corr
0.67	SUSAX	Siit Ultra Short	Pair Corr
0.75	SDGFX	Sdit Short Duration	Pair Corr
0.94	SDLAX	Siit Dynamic Asset	Pair Corr
0.98	SVAYX	Simt Large Cap	Pair Corr
0.97	SDYAX	Simt Dynamic Asset	Pair Corr
0.97	SVOAX	Simt Managed Volatility	Pair Corr
0.97	SDYYX	Simt Dynamic Asset	Pair Corr
0.95	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.62	SRYRX	Simt Real Return	Pair Corr
0.9	SVYAX	Siit Managed Volatility	Pair Corr
0.75	SEFIX	Sit International Fixed	Pair Corr
0.54	RRPAX	Siit Real Return	Pair Corr
0.33	SEIAX	Siit Multi Asset	Pair Corr

Related Correlations Analysis

	ASCLX	SUSAX	JSNIX	CWFIX	HYSZX	FTFZX	SWSFX	AOUNX
ASCLX		0.75	0.77	0.76	0.76	0.72	0.7	0.76	ASCLX
SUSAX	0.75		0.97	0.9	0.89	0.91	0.91	0.99	SUSAX
JSNIX	0.77	0.97		0.93	0.94	0.92	0.91	0.98	JSNIX
CWFIX	0.76	0.9	0.93		0.91	0.87	0.94	0.91	CWFIX
HYSZX	0.76	0.89	0.94	0.91		0.9	0.87	0.92	HYSZX
FTFZX	0.72	0.91	0.92	0.87	0.9		0.83	0.92	FTFZX
SWSFX	0.7	0.91	0.91	0.94	0.87	0.83		0.91	SWSFX
AOUNX	0.76	0.99	0.98	0.91	0.92	0.92	0.91		AOUNX
	ASCLX	SUSAX	JSNIX	CWFIX	HYSZX	FTFZX	SWSFX	AOUNX

Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Small 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 Small'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ASCLX	0.59	0.25	0.34	1.09	(0.79)	0.68	(0.58)	17.14
SUSAX	0.03	0.00	0.00	0.12	0.00	0.10	(0.10)	0.50
JSNIX	0.05	0.00	(0.65)	0.04	(0.15)	0.11	(0.11)	0.53
CWFIX	0.07	0.00	(0.34)	0.19	(0.13)	0.11	(0.10)	0.83
HYSZX	0.09	0.00	(0.48)	0.05	(0.17)	0.12	(0.24)	0.71
FTFZX	0.03	0.00	0.00	0.20	0.00	0.10	(0.10)	0.39
SWSFX	0.04	0.00	0.00	0.24	0.00	0.10	(0.10)	0.49
AOUNX	0.05	0.00	(0.75)	0.41	(0.16)	0.10	(0.10)	0.51

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