Simt Sp Correlations

SSPIX Fund

USD 103.49 0.13 0.13%

The current 90-days correlation between Simt Sp 500 and Franklin Efolio Allocation is 0.03 (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

0.7	SAAAX	Simt Multi Asset	Pair Corr
0.98	SSEAX	Siit Screened World	Pair Corr
0.97	SSMAX	Siit Small Mid	Pair Corr
0.8	TFCAX	Tax Free Conservative	Pair Corr
0.89	ENIAX	Siit Opportunistic Income	Pair Corr
0.92	STLYX	Simt Tax Managed	Pair Corr
0.98	SUSYX	Simt Managed Volatility	Pair Corr
0.81	SUSAX	Siit Ultra Short	Pair Corr
0.96	SDLAX	Siit Dynamic Asset	Pair Corr
0.98	SVOAX	Simt Managed Volatility	Pair Corr
0.88	SEDIX	Saat Defensive Strategy	Pair Corr
0.96	SECAX	Siit Small Cap	Pair Corr
0.61	RRPAX	Siit Real Return	Pair Corr
0.85	SEDAX	Siit Emerging Markets	Pair Corr
0.65	SEIAX	Siit Multi Asset	Pair Corr
0.98	SEHAX	Siit Equity Factor	Pair Corr
0.97	SEIRX	Simt Real Estate	Pair Corr
0.96	SEIYX	Simt High Yield	Pair Corr
0.99	SEMCX	Simt Mid Cap	Pair Corr
0.99	SELCX	Simt Large Cap	Pair Corr
0.81	SEQFX	Sit Emerging Markets	Pair Corr
0.97	SESVX	Simt Small Cap	Pair Corr
0.99	SFDYX	Simt Mid Cap	Pair Corr
0.97	WEUSX	Siit World Equity	Pair Corr
0.98	SXMAX	Saat Moderate Strategy	Pair Corr
0.97	SGMAX	Siit Global Managed	Pair Corr
0.92	SGYAX	Siit High Yield	Pair Corr
0.92	TMLCX	Simt Tax Managed	Pair Corr
0.78	SINYX	Stet Intermediate Term	Pair Corr
0.99	SIPIX	Simt Mid Cap	Pair Corr
0.98	SISAX	Saat Tax Managed	Pair Corr
0.94	SIYYX	Simt High Yield	Pair Corr
0.64	SLFYX	Simt Multi Asset	Pair Corr
0.99	SLGFX	Simt Large Cap	Pair Corr
0.98	SMAYX	Small Cap Growth	Pair Corr

Moving against Simt Mutual Fund

0.96

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	SPIIX	NEAGX	SMVTX	FLMFX	BSMAX	GTSCX	MNDAX	SWEGX	FCAZX	FTCLX
SPIIX		0.8	0.96	0.94	0.85	0.93	0.8	0.85	0.84	0.78	SPIIX
NEAGX	0.8		0.84	0.86	0.96	0.86	0.92	0.9	0.91	0.87	NEAGX
SMVTX	0.96	0.84		0.95	0.88	0.97	0.84	0.88	0.8	0.75	SMVTX
FLMFX	0.94	0.86	0.95		0.92	0.97	0.89	0.87	0.87	0.82	FLMFX
BSMAX	0.85	0.96	0.88	0.92		0.92	0.96	0.89	0.92	0.85	BSMAX
GTSCX	0.93	0.86	0.97	0.97	0.92		0.88	0.86	0.83	0.77	GTSCX
MNDAX	0.8	0.92	0.84	0.89	0.96	0.88		0.87	0.88	0.89	MNDAX
SWEGX	0.85	0.9	0.88	0.87	0.89	0.86	0.87		0.85	0.86	SWEGX
FCAZX	0.84	0.91	0.8	0.87	0.92	0.83	0.88	0.85		0.92	FCAZX
FTCLX	0.78	0.87	0.75	0.82	0.85	0.77	0.89	0.86	0.92		FTCLX
	SPIIX	NEAGX	SMVTX	FLMFX	BSMAX	GTSCX	MNDAX	SWEGX	FCAZX	FTCLX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPIIX	0.61	0.13	0.13	0.25	0.58	(0.69)	1.21	(1.17)	9.24
NEAGX	1.09	0.10	0.07	0.12	1.34	(1.11)	2.18	(2.75)	5.62
SMVTX	0.95	0.33	0.32	0.50	0.47	(1.14)	1.91	(1.54)	14.97
FLMFX	0.62	0.10	0.12	0.15	0.52	(0.73)	1.29	(1.19)	7.08
BSMAX	0.79	0.03	0.03	0.08	0.90	(0.87)	1.58	(1.51)	3.85
GTSCX	0.87	0.14	0.15	0.18	0.68	(1.01)	2.33	(1.46)	8.83
MNDAX	0.87	0.09	0.05	0.38	0.99	(0.91)	1.82	(1.58)	4.45
SWEGX	0.57	0.16	0.14	4.02	0.48	(0.62)	1.20	(1.18)	5.33
FCAZX	0.56	(0.01)	(0.02)	0.04	0.77	(0.54)	1.11	(1.22)	3.44
FTCLX	0.57	0.03	(0.01)	0.32	0.81	(0.53)	1.15	(1.19)	3.48

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