Simt Small Correlations

SPVYX Fund

USD 24.18 0.09 0.37%

The current 90-days correlation between Simt Small Cap and Heartland Value Plus is -0.09 (i.e., Good 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

Poor diversification

The correlation between Simt Small Cap and DJI is 0.79 (i.e., Poor 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 various price indices.

Moving together with Simt Mutual Fund

0.94	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.93	DFSVX	Us Small Cap	Pair Corr
0.94	DFFVX	Us Targeted Value	Pair Corr
0.97	UBVCX	Undiscovered Managers	Pair Corr
0.97	UBVAX	Undiscovered Managers	Pair Corr
0.97	UBVSX	Undiscovered Managers	Pair Corr
0.97	VSMCX	Invesco Small Cap	Pair Corr
0.83	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VITSX	Vanguard Total Stock	Pair Corr
0.8	VFFSX	Vanguard 500 Index	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.83	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VTSNX	Vanguard Total Inter	Pair Corr
0.89	VTISX	Vanguard Total Inter	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.8	VINIX	Vanguard Institutional	Pair Corr
0.72	TTRBX	Ambrus Core Bond	Pair Corr
0.88	ISKIX	Voya Index Solution	Pair Corr
0.94	HRIDX	Harbor Diversified	Pair Corr
0.83	LOTCX	Locorr Market Trend	Pair Corr
0.81	TLMPX	Tiaa Cref Lifecycle	Pair Corr
0.67	FJRLX	Fidelity Advisor	Pair Corr
0.95	SNWIX	Snow Capital Small	Pair Corr
0.68	WMT	Walmart Common Stock	Pair Corr
0.62	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.86	BA	Boeing	Pair Corr
0.62	CAT	Caterpillar	Pair Corr

Moving against Simt Mutual Fund

0.56	T	ATT Inc Earnings Call This Week	Pair Corr
0.46	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SMAYX	PRJPX	ZTR	PJIZX	MCEMX	MEFIX	MCEIX	CPZ	HNVIX	HRVIX
SMAYX		0.95	-0.02	0.95	0.8	0.8	0.8	0.54	0.89	0.79	SMAYX
PRJPX	0.95		-0.05	0.92	0.78	0.78	0.78	0.53	0.87	0.78	PRJPX
ZTR	-0.02	-0.05		0.1	0.28	0.28	0.28	0.18	0.12	0.02	ZTR
PJIZX	0.95	0.92	0.1		0.91	0.91	0.91	0.6	0.87	0.74	PJIZX
MCEMX	0.8	0.78	0.28	0.91		1.0	1.0	0.66	0.84	0.67	MCEMX
MEFIX	0.8	0.78	0.28	0.91	1.0		1.0	0.66	0.84	0.67	MEFIX
MCEIX	0.8	0.78	0.28	0.91	1.0	1.0		0.66	0.84	0.67	MCEIX
CPZ	0.54	0.53	0.18	0.6	0.66	0.66	0.66		0.48	0.47	CPZ
HNVIX	0.89	0.87	0.12	0.87	0.84	0.84	0.84	0.48		0.83	HNVIX
HRVIX	0.79	0.78	0.02	0.74	0.67	0.67	0.67	0.47	0.83		HRVIX
	SMAYX	PRJPX	ZTR	PJIZX	MCEMX	MEFIX	MCEIX	CPZ	HNVIX	HRVIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MEFIX	+ 1.0	MCEMX
MCEIX	+ 1.0	MCEMX
MCEIX	+ 1.0	MEFIX
PRJPX	+ 0.95	SMAYX
PJIZX	+ 0.95	SMAYX
PJIZX	+ 0.92	PRJPX

High negative correlations

ZTR	- 0.05	PRJPX
ZTR	- 0.02	SMAYX

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	1.01	0.25	0.16	(1.03)	0.98	(1.16)	1.92	(1.78)	11.05
PRJPX	0.96	0.36	0.34	0.57	0.49	(1.22)	1.73	(1.65)	15.28
ZTR	0.54	0.05	0.01	(0.75)	0.66	(0.54)	0.95	(1.07)	2.36
PJIZX	0.72	0.30	0.33	1.53	0.22	(0.90)	1.57	(1.19)	11.06
MCEMX	0.70	0.12	0.11	1.70	0.66	(0.83)	1.47	(1.44)	4.37
MEFIX	0.70	0.12	0.10	1.53	0.68	(0.83)	1.47	(1.45)	4.34
MCEIX	0.70	0.12	0.11	1.58	0.67	(0.83)	1.47	(1.44)	4.33
CPZ	0.38	0.00	(0.08)	(0.07)	0.42	(0.45)	0.74	(0.67)	2.77
HNVIX	0.77	0.16	0.12	(0.64)	0.71	(0.90)	2.06	(1.19)	4.93
HRVIX	0.77	0.05	0.06	0.09	0.88	(0.87)	2.07	(1.45)	4.93

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