Simt Sp Correlations

Mutual Funds . USA . 
Fund . Simt Sp 500
SSPIX Fund  USD 103.63  0.42  0.41%   
The current 90-days correlation between Simt Sp 500 and Franklin Efolio Allocation is 0.04 (i.e., Significant 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

  0.96SRWAX Saat Market GrowthPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.88SSTDX Saat Servative StrategyPairCorr
  0.88ENIAX Siit Opportunistic IncomePairCorr
  0.92STLYX Simt Tax ManagedPairCorr
  0.95STMPX Simt Tax ManagedPairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.98STVYX Simt Tax ManagedPairCorr
  0.9SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.81SCYYX Stet California MunicipalPairCorr
  0.98SUSYX Simt Managed VolatilityPairCorr
  0.81SUSAX Siit Ultra ShortPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.98SVOAX Simt Managed VolatilityPairCorr
  0.89SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr
  0.88SEDIX Saat Defensive StrategyPairCorr
  0.96SECAX Siit Small CapPairCorr
  0.86SEDAX Siit Emerging MarketsPairCorr
  0.99SEEIX Sei Instit InternationalPairCorr
  0.99SEFCX Sit International EquityPairCorr
  0.64SEIAX Siit Multi AssetPairCorr
  0.98SEHAX Siit Equity FactorPairCorr
  0.96SEIRX Simt Real EstatePairCorr
  0.99SEITX Sit International EquityPairCorr
  0.96SEIYX Simt High YieldPairCorr
  0.99SEMCX Simt Mid CapPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SPIIX  0.62  0.14  0.13  0.29  0.58 
(0.69)
 1.21 
(1.17)
 9.24 
NEAGX  1.13  0.12  0.09  0.15  1.32 
(1.18)
 2.21 
(2.75)
 5.69 
SMVTX  0.98  0.38  0.32 (22.85) 0.47 
(1.19)
 1.91 
(1.54)
 14.97 
FLMFX  0.62  0.09  0.12  0.17  0.52 
(0.73)
 1.29 
(1.19)
 7.08 
BSMAX  0.81  0.05  0.05  0.12  0.85 
(0.88)
 1.58 
(1.51)
 3.85 
GTSCX  0.87  0.14  0.15  0.21  0.65 
(1.00)
 2.33 
(1.46)
 8.83 
MNDAX  0.89  0.10  0.04  0.40  1.02 
(0.92)
 1.82 
(1.58)
 4.45 
SWEGX  0.57  0.16  0.11  3.20  0.48 
(0.62)
 1.20 
(1.18)
 5.33 
FCAZX  0.56  0.01 (0.01) 0.08  0.77 
(0.55)
 1.11 
(1.22)
 3.44 
FTCLX  0.57  0.03 (0.03) 0.32  0.80 
(0.54)
 1.15 
(1.19)
 3.48 

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