Simt Small Correlations

SSCGX Fund

USD 34.65 0.11 0.32%

The current 90-days correlation between Simt Small Cap and Simt Mid Cap is 0.62 (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

Very weak diversification

The correlation between Simt Small Cap and DJI is 0.5 (i.e., Very weak 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 price.

Moving together with Simt Mutual Fund

0.94	SSGAX	Saat Aggressive Strategy	Pair Corr
0.96	SSPIX	Simt Sp 500	Pair Corr
0.78	STLYX	Simt Tax Managed	Pair Corr
0.83	STMPX	Simt Tax Managed	Pair Corr
0.66	STVYX	Simt Tax Managed	Pair Corr
0.95	SUSYX	Simt Managed Volatility	Pair Corr
0.95	SVOAX	Simt Managed Volatility	Pair Corr
0.94	SEAIX	Saat Aggressive Strategy	Pair Corr
0.97	SECAX	Siit Small Cap	Pair Corr
0.93	SEHAX	Siit Equity Factor	Pair Corr
0.93	SEIRX	Simt Real Estate	Pair Corr
0.95	SEIYX	Simt High Yield	Pair Corr
0.96	SEMCX	Simt Mid Cap	Pair Corr
0.81	SFDYX	Simt Mid Cap	Pair Corr
0.93	SXMAX	Saat Moderate Strategy	Pair Corr
0.95	SGLYX	Simt Global Managed	Pair Corr
0.92	SGMAX	Siit Global Managed	Pair Corr
0.95	SGOAX	Saat Market Growth	Pair Corr
0.87	SGYAX	Siit High Yield	Pair Corr
0.86	TMLCX	Simt Tax Managed	Pair Corr
0.63	SIEDX	Sit Emerging Markets	Pair Corr
0.94	TMMAX	Simt Tax Managed	Pair Corr
0.82	SIPIX	Simt Mid Cap	Pair Corr
0.95	SISAX	Saat Tax Managed	Pair Corr
0.94	SKTAX	Saat E Market	Pair Corr
0.95	SLGFX	Simt Large Cap	Pair Corr
0.61	SMAYX	Small Cap Growth	Pair Corr
0.93	LCIAX	Siit Large Cap	Pair Corr

Moving against Simt Mutual Fund

0.51

SLFYX

Simt Multi Asset

Pair Corr

Related Correlations Analysis

	SIPIX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX
SIPIX		0.59	0.83	0.1	0.87	-0.42	0.82	0.73	0.8	SIPIX
SITEX	0.59		0.61	0.17	0.73	-0.28	0.49	0.54	0.63	SITEX
SIYYX	0.83	0.61		-0.15	0.91	-0.65	0.94	0.9	0.93	SIYYX
SAAAX	0.1	0.17	-0.15		0.09	0.55	-0.13	-0.18	-0.11	SAAAX
SRWAX	0.87	0.73	0.91	0.09		-0.51	0.9	0.92	0.96	SRWAX
SRYRX	-0.42	-0.28	-0.65	0.55	-0.51		-0.55	-0.63	-0.64	SRYRX
SSCGX	0.82	0.49	0.94	-0.13	0.9	-0.55		0.94	0.94	SSCGX
SSEAX	0.73	0.54	0.9	-0.18	0.92	-0.63	0.94		0.99	SSEAX
SSGAX	0.8	0.63	0.93	-0.11	0.96	-0.64	0.94	0.99		SSGAX
	SIPIX	SITEX	SIYYX	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX

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

SSGAX	+ 0.99	SSEAX
SSGAX	+ 0.96	SRWAX
SSCGX	+ 0.94	SIYYX
SSEAX	+ 0.94	SSCGX
SSGAX	+ 0.94	SSCGX
SSGAX	+ 0.93	SIYYX

High negative correlations

SRYRX	- 0.65	SIYYX
SSGAX	- 0.64	SRYRX
SSEAX	- 0.63	SRYRX
SSCGX	- 0.55	SRYRX
SRYRX	- 0.51	SRWAX
SRYRX	- 0.42	SIPIX

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
SIPIX	0.71	(0.02)	(0.02)	0.05	0.88	(0.73)	1.40	(1.43)	3.17
SITEX	0.20	0.03	(0.06)	0.26	0.20	(0.25)	0.53	(0.32)	2.00
SIYYX	0.14	0.01	(0.22)	0.14	0.00	(0.28)	0.19	(0.19)	0.96
SAAAX	0.50	(0.04)	(0.08)	0.00	0.75	(0.53)	1.01	(1.02)	4.39
SRWAX	0.43	0.02	(0.02)	0.10	0.49	(0.47)	0.76	(0.75)	4.15
SRYRX	0.08	(0.02)	0.00	(1.03)	0.00	0.00	0.10	(0.10)	1.12
SSCGX	1.16	0.12	0.10	0.17	1.12	(1.39)	2.34	(2.10)	10.81
SSEAX	0.88	0.21	0.19	0.32	0.82	(1.10)	1.19	(1.27)	21.51
SSGAX	0.60	0.10	0.11	0.20	0.46	(0.68)	1.09	(1.05)	8.66

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