Smi Dynamic Correlations

SMIDX Fund

USD 13.62 0.05 0.37%

The current 90-days correlation between Smi Dynamic Allocation and Aqr Diversified Arbitrage is 0.03 (i.e., Significant diversification). The correlation of Smi Dynamic 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.

Smi Dynamic Correlation With Market

Weak diversification

The correlation between Smi Dynamic Allocation and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smi Dynamic Allocation 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 Smi Dynamic Allocation. 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 american community survey.

Moving together with Smi Mutual Fund

0.93	SMILX	Smi Servative Allocation	Pair Corr
0.64	SMIFX	Sound Mind Investing	Pair Corr
0.89	PAALX	All Asset Fund	Pair Corr
0.9	PATRX	Pimco All Asset	Pair Corr
0.89	PAAIX	All Asset Fund	Pair Corr
0.89	PALPX	Pimco All Asset	Pair Corr
0.71	PASAX	All Asset Fund	Pair Corr
0.9	PASCX	All Asset Fund	Pair Corr
0.89	PAANX	Pimco All Asset	Pair Corr
0.88	PAUPX	Pimco All Asset	Pair Corr
0.88	PAUIX	Pimco All Asset	Pair Corr

Moving against Smi Mutual Fund

0.33

SVBAX

Balanced Fund Class

Pair Corr

Related Correlations Analysis

	QDARX	FHCOX	LIGFX	MDBLX	HIIDX	DLTZX
QDARX		0.78	0.67	0.51	0.56	0.79	QDARX
FHCOX	0.78		0.72	0.43	0.61	0.97	FHCOX
LIGFX	0.67	0.72		0.7	0.76	0.74	LIGFX
MDBLX	0.51	0.43	0.7		0.38	0.53	MDBLX
HIIDX	0.56	0.61	0.76	0.38		0.63	HIIDX
DLTZX	0.79	0.97	0.74	0.53	0.63		DLTZX
	QDARX	FHCOX	LIGFX	MDBLX	HIIDX	DLTZX

Risk-Adjusted Indicators

There is a big difference between Smi Mutual Fund performing well and Smi Dynamic 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 Smi Dynamic'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
QDARX	0.06	0.02	(0.42)	0.73	0.00	(0.11)	0.16	(0.08)	0.39
FHCOX	0.03	0.00	0.00	(0.12)	0.00	0.00	0.10	(0.10)	0.50
LIGFX	0.25	(0.01)	(0.13)	0.04	0.28	(0.27)	0.53	(0.52)	1.51
MDBLX	0.12	0.00	(0.29)	0.02	0.11	(0.16)	0.24	(0.24)	0.71
HIIDX	0.65	0.14	0.11	0.66	0.58	(0.74)	1.33	(1.13)	5.66
DLTZX	0.05	0.00	(0.39)	0.05	0.00	(0.18)	0.13	(0.13)	0.51

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