Simt Sp Correlations

SPIIX Fund

USD 104.72 0.01 0.01%

The current 90-days correlation between Simt Sp 500 and Schwab Markettrack All is -0.06 (i.e., Good diversification). The correlation of Simt Sp 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 Sp Correlation With Market

Very poor diversification

The correlation between Simt Sp 500 and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Simt Mutual Fund

0.98	SSEAX	Siit Screened World	Pair Corr
0.98	SSGAX	Saat Aggressive Strategy	Pair Corr
0.96	SSMAX	Siit Small Mid	Pair Corr
0.79	TFCAX	Tax Free Conservative	Pair Corr
0.92	STLYX	Simt Tax Managed	Pair Corr
0.81	SUSAX	Siit Ultra Short	Pair Corr
0.96	SDLAX	Siit Dynamic Asset	Pair Corr
0.98	SEAIX	Saat Aggressive Strategy	Pair Corr
0.96	SECAX	Siit Small Cap	Pair Corr
0.85	SEDAX	Siit Emerging Markets	Pair Corr
0.64	SEIAX	Siit Multi Asset	Pair Corr
0.98	SEHAX	Siit Equity Factor	Pair Corr
0.96	SEIRX	Simt Real Estate	Pair Corr
0.96	SEIYX	Simt High Yield	Pair Corr
0.97	SESVX	Simt Small Cap Potential Growth	Pair Corr
0.88	AAEZX	Enhanced Fixed Income	Pair Corr
0.97	SXMAX	Saat Moderate Strategy	Pair Corr
0.98	SGLYX	Simt Global Managed	Pair Corr
0.97	SGMAX	Siit Global Managed	Pair Corr
0.98	SGOAX	Saat Market Growth	Pair Corr
0.9	SGYAX	Siit High Yield	Pair Corr
0.92	TMLCX	Simt Tax Managed	Pair Corr
0.85	SIEDX	Sit Emerging Markets	Pair Corr
0.98	SISAX	Saat Tax Managed	Pair Corr
0.63	SLFYX	Simt Multi Asset	Pair Corr
0.99	SLGFX	Simt Large Cap	Pair Corr
0.88	SLIYX	Simt Multi Asset	Pair Corr
0.98	SMAYX	Small Cap Growth	Pair Corr
0.8	SMAAX	Aig Government Money	Pair Corr
0.98	LCIAX	Siit Large Cap	Pair Corr
0.97	SPVYX	Simt Small Cap Potential Growth	Pair Corr
0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr

Moving against Simt Mutual Fund

0.96	SVYAX	Siit Managed Volatility	Pair Corr
0.5	GABFX	Gmo Asset Allocation	Pair Corr

Related Correlations Analysis

	SSPIX	NEAGX	SMVTX	FLMFX	BSMAX	MNDAX	GTSCX	WBENX	UOPIX	SWEGX
SSPIX		0.79	0.96	0.94	0.84	0.8	0.93	0.68	0.93	0.85	SSPIX
NEAGX	0.79		0.83	0.85	0.96	0.92	0.85	0.86	0.81	0.89	NEAGX
SMVTX	0.96	0.83		0.95	0.88	0.83	0.97	0.69	0.88	0.88	SMVTX
FLMFX	0.94	0.85	0.95		0.91	0.88	0.97	0.69	0.88	0.87	FLMFX
BSMAX	0.84	0.96	0.88	0.91		0.95	0.92	0.76	0.82	0.88	BSMAX
MNDAX	0.8	0.92	0.83	0.88	0.95		0.88	0.74	0.78	0.87	MNDAX
GTSCX	0.93	0.85	0.97	0.97	0.92	0.88		0.65	0.84	0.86	GTSCX
WBENX	0.68	0.86	0.69	0.69	0.76	0.74	0.65		0.77	0.89	WBENX
UOPIX	0.93	0.81	0.88	0.88	0.82	0.78	0.84	0.77		0.84	UOPIX
SWEGX	0.85	0.89	0.88	0.87	0.88	0.87	0.86	0.89	0.84		SWEGX
	SSPIX	NEAGX	SMVTX	FLMFX	BSMAX	MNDAX	GTSCX	WBENX	UOPIX	SWEGX

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Sp 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 Sp'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
SSPIX	0.62	0.14	0.13	0.28	0.57	(0.70)	1.22	(1.18)	9.32
NEAGX	1.10	0.09	0.07	0.13	1.33	(1.12)	2.18	(2.75)	5.62
SMVTX	0.95	0.33	0.32	0.52	0.46	(1.16)	1.91	(1.54)	14.97
FLMFX	0.63	0.10	0.12	0.17	0.52	(0.73)	1.29	(1.19)	7.08
BSMAX	0.80	0.03	0.03	0.09	0.89	(0.87)	1.58	(1.51)	3.85
MNDAX	0.87	0.11	0.06	0.43	0.99	(0.92)	1.82	(1.58)	4.45
GTSCX	0.87	0.13	0.14	0.19	0.68	(1.01)	2.33	(1.46)	8.83
WBENX	0.77	0.15	0.11	0.34	0.87	(0.80)	1.95	(1.75)	4.46
UOPIX	1.80	0.27	0.13	0.21	2.10	(1.93)	3.59	(4.11)	26.61
SWEGX	0.58	0.18	0.14	3.35	0.47	(0.62)	1.20	(1.18)	5.33

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