Simt Small Correlations

SPVYX Fund

USD 25.10 0.18 0.72%

The current 90-days correlation between Simt Small Cap and Heartland Value Plus is 0.63 (i.e., Poor 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

Almost no diversification

The correlation between Simt Small Cap and DJI is 0.92 (i.e., Almost no 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 unemployment.

Moving together with Simt Mutual Fund

0.8	SAAAX	Simt Multi Asset	Pair Corr
0.95	SRWAX	Saat Market Growth	Pair Corr
0.68	SRYRX	Simt Real Return	Pair Corr
0.97	SSCGX	Simt Small Cap	Pair Corr
0.96	SSEAX	Siit Screened World	Pair Corr
0.97	SSGAX	Saat Aggressive Strategy	Pair Corr
0.97	SASDX	Saat Aggressive Strategy	Pair Corr
0.98	SSMAX	Siit Small Mid	Pair Corr
0.9	TFCAX	Tax Free Conservative	Pair Corr
0.89	TFCYX	Tax Free Conservative	Pair Corr
0.93	SSPIX	Simt Sp 500	Pair Corr
0.85	SSTDX	Saat Servative Strategy	Pair Corr
0.83	SBDAX	Stet California Municipal	Pair Corr
0.93	STDAX	Saat Defensive Strategy	Pair Corr
0.93	ENIAX	Siit Opportunistic Income	Pair Corr
0.94	STLYX	Simt Tax Managed	Pair Corr
0.99	STMPX	Simt Tax Managed	Pair Corr
0.96	STMSX	Simt Tax Managed	Pair Corr
0.95	STVYX	Simt Tax Managed	Pair Corr
0.88	SCMSX	Saat E Market	Pair Corr
0.95	SCLAX	Simt Multi Asset	Pair Corr
0.91	SCPAX	Siit Large Cap	Pair Corr
0.84	SCYYX	Stet California Municipal	Pair Corr
0.87	SUMAX	Stet Short Duration	Pair Corr
0.96	SUSYX	Simt Managed Volatility	Pair Corr
0.88	SUSAX	Siit Ultra Short	Pair Corr
0.89	SDLAX	Siit Dynamic Asset	Pair Corr
0.96	SVAYX	Simt Large Cap	Pair Corr
0.9	SDYAX	Simt Dynamic Asset	Pair Corr
0.96	SVOAX	Simt Managed Volatility	Pair Corr
0.91	SDYYX	Simt Dynamic Asset	Pair Corr
0.87	SVSAX	Saat Servative Strategy	Pair Corr
0.97	SEAIX	Saat Aggressive Strategy	Pair Corr

Moving against Simt Mutual Fund

0.87

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	SMAYX	PRJPX	ZTR	PJIZX	MCEMX	MEFIX	MCEIX	CPZ	HNVIX	HRVIX
SMAYX		0.91	0.42	0.93	0.81	0.81	0.81	0.75	0.76	0.76	SMAYX
PRJPX	0.91		0.61	0.94	0.88	0.88	0.88	0.76	0.87	0.87	PRJPX
ZTR	0.42	0.61		0.65	0.78	0.78	0.78	0.53	0.81	0.81	ZTR
PJIZX	0.93	0.94	0.65		0.95	0.95	0.95	0.78	0.88	0.88	PJIZX
MCEMX	0.81	0.88	0.78	0.95		1.0	1.0	0.77	0.94	0.94	MCEMX
MEFIX	0.81	0.88	0.78	0.95	1.0		1.0	0.76	0.94	0.94	MEFIX
MCEIX	0.81	0.88	0.78	0.95	1.0	1.0		0.77	0.94	0.94	MCEIX
CPZ	0.75	0.76	0.53	0.78	0.77	0.76	0.77		0.71	0.71	CPZ
HNVIX	0.76	0.87	0.81	0.88	0.94	0.94	0.94	0.71		1.0	HNVIX
HRVIX	0.76	0.87	0.81	0.88	0.94	0.94	0.94	0.71	1.0		HRVIX
	SMAYX	PRJPX	ZTR	PJIZX	MCEMX	MEFIX	MCEIX	CPZ	HNVIX	HRVIX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMAYX	0.98	0.26	0.25	0.38	0.56	(1.19)	2.30	(1.70)	11.45
PRJPX	0.94	0.44	0.45	1.15	0.00	(1.20)	2.01	(1.33)	15.28
ZTR	0.58	0.17	0.09	1.14	0.51	(0.64)	1.10	(1.08)	2.77
PJIZX	0.70	0.35	0.44	0.63	0.00	(0.90)	1.57	(1.00)	11.07
MCEMX	0.77	0.22	0.24	0.41	0.40	(0.96)	2.13	(1.28)	4.39
MEFIX	0.76	0.22	0.23	0.42	0.39	(0.95)	2.15	(1.34)	4.34
MCEIX	0.77	0.22	0.24	0.42	0.39	(0.96)	2.14	(1.34)	4.35
CPZ	0.39	0.00	(0.18)	0.11	0.41	(0.41)	0.75	(0.62)	2.80
HNVIX	0.78	0.16	0.20	0.26	0.39	(0.92)	2.46	(1.46)	4.93
HRVIX	0.78	0.16	0.19	0.26	0.38	(0.92)	2.44	(1.45)	4.93

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