Simt Real Correlations
| SRAAX Fund | USD 9.57 0.01 0.10% |
The current 90-days correlation between Simt Real Return and Guidepath Managed Futures is 0.12 (i.e., Average diversification). The correlation of Simt Real 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 Real Correlation With Market
Average diversification
The correlation between Simt Real Return and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Real Return and DJI in the same portfolio, assuming nothing else is changed.
Simt |
Moving together with Simt Mutual Fund
| 0.83 | SAAAX | Simt Multi Asset | PairCorr |
| 0.85 | SRYRX | Simt Real Return | PairCorr |
| 0.66 | SSEAX | Siit Screened World | PairCorr |
| 0.7 | SBDAX | Stet California Municipal | PairCorr |
| 0.78 | STAYX | Stet Tax Advantaged | PairCorr |
| 0.75 | SCMSX | Saat E Market | PairCorr |
| 0.88 | SCLAX | Simt Multi Asset | PairCorr |
| 0.71 | SCYYX | Stet California Municipal | PairCorr |
| 0.87 | SDGFX | Sdit Short Duration | PairCorr |
| 0.94 | SVSAX | Saat Servative Strategy | PairCorr |
| 0.76 | SEATX | Stet Tax Advantaged | PairCorr |
| 0.96 | SEDIX | Saat Defensive Strategy | PairCorr |
Related Correlations Analysis
| 0.76 | -0.24 | -0.24 | -0.03 | 0.46 | GPMFX | ||
| 0.76 | 0.11 | 0.11 | 0.35 | 0.01 | TIIHX | ||
| -0.24 | 0.11 | 1.0 | 0.89 | -0.28 | AUNTX | ||
| -0.24 | 0.11 | 1.0 | 0.89 | -0.27 | AUNYX | ||
| -0.03 | 0.35 | 0.89 | 0.89 | -0.31 | LIFAX | ||
| 0.46 | 0.01 | -0.28 | -0.27 | -0.31 | ATACX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Simt Mutual Fund performing well and Simt Real 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 Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPMFX | 0.40 | (0.03) | 0.00 | (0.44) | 0.00 | 0.75 | 2.31 | |||
| TIIHX | 0.14 | (0.02) | 0.00 | (0.49) | 0.00 | 0.28 | 0.84 | |||
| AUNTX | 0.11 | 0.00 | (0.56) | 0.22 | 0.07 | 0.28 | 1.03 | |||
| AUNYX | 0.12 | 0.00 | (0.56) | 0.30 | 0.07 | 0.28 | 0.93 | |||
| LIFAX | 0.12 | 0.00 | (0.60) | 0.08 | 0.10 | 0.26 | 0.77 | |||
| ATACX | 1.10 | (0.07) | 0.00 | (0.30) | 0.00 | 2.24 | 9.46 |