Smi Dynamic Correlations

SMIDX Fund

USD 14.16 0.01 0.07%

The current 90-days correlation between Smi Dynamic Allocation and Dunham Real Estate is 0.24 (i.e., Modest 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

Very poor diversification

The correlation between Smi Dynamic Allocation and DJI is 0.86 (i.e., Very poor 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 small area income & poverty estimates.

Moving together with Smi Mutual Fund

0.94	SMILX	Smi Servative Allocation	Pair Corr
0.96	SMIFX	Sound Mind Investing	Pair Corr
0.93	PATRX	Pimco All Asset	Pair Corr
0.93	PAAIX	All Asset Fund	Pair Corr
0.9	FSMMX	Fs Multi Strategy	Pair Corr
0.95	BTMPX	Ishares Msci Eafe	Pair Corr
0.95	BTMKX	Blackrock International	Pair Corr
0.95	MDIIX	Blackrock Intern Index	Pair Corr
0.83	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.83	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.9	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.85	APPLX	Appleseed Fund Appleseed	Pair Corr
0.96	PIFFX	Invesco Multi Asset	Pair Corr
0.82	TFAGX	Tfa Alphagen Growth	Pair Corr
0.94	NPNRX	Neuberger Berman Large	Pair Corr
0.62	FIHFX	Fidelity Freedom Index	Pair Corr
0.96	MINIX	Mfs International Value	Pair Corr
0.69	FUNFX	American Funds Funda	Pair Corr
0.94	FTGMX	Salient Tactical Growth	Pair Corr
0.62	RGVJX	Us Government Securities	Pair Corr
0.97	MKVFX	Mfs International Large	Pair Corr
0.92	GSAIX	Goldman Sachs Asia	Pair Corr
0.74	HMXAX	Alphacentric Hedged	Pair Corr
0.72	PAMCX	T Rowe Price	Pair Corr
0.96	RLBAX	American Balanced	Pair Corr
0.67	PBDCX	Investment Grade Porate	Pair Corr

Related Correlations Analysis

	MXSFX	JYEBX	FRRSX	FIKMX	TRREX	CNREX	DAREX
MXSFX		0.95	0.83	0.95	0.88	0.88	0.96	MXSFX
JYEBX	0.95		0.77	0.87	0.78	0.79	0.98	JYEBX
FRRSX	0.83	0.77		0.92	0.91	0.91	0.83	FRRSX
FIKMX	0.95	0.87	0.92		0.96	0.97	0.91	FIKMX
TRREX	0.88	0.78	0.91	0.96		0.96	0.82	TRREX
CNREX	0.88	0.79	0.91	0.97	0.96		0.83	CNREX
DAREX	0.96	0.98	0.83	0.91	0.82	0.83		DAREX
	MXSFX	JYEBX	FRRSX	FIKMX	TRREX	CNREX	DAREX

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
MXSFX	0.58	0.11	0.09	0.41	0.55	(0.65)	1.42	(1.18)	3.15
JYEBX	0.57	0.09	0.05	12.47	0.61	(0.63)	1.31	(1.05)	3.30
FRRSX	0.66	0.18	0.14	(2.89)	0.59	(0.70)	1.44	(1.24)	8.31
FIKMX	0.17	0.04	(0.03)	0.52	0.00	(0.21)	0.41	(0.33)	0.99
TRREX	0.68	0.14	0.12	0.49	0.62	(0.81)	1.57	(1.18)	7.13
CNREX	0.72	0.18	0.24	0.29	0.37	(0.96)	1.86	(1.06)	4.60
DAREX	0.49	0.10	0.07	5.35	0.45	(0.56)	1.20	(0.96)	2.47

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Smi Dynamic Correlations

Smi Dynamic Correlation With Market

Very poor diversification

Moving together with Smi Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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