Simt Global Correlations
| SGLYX Fund | USD 11.42 0.02 0.18% |
The current 90-days correlation between Simt Global Managed and Simt Multi Asset Income is 0.09 (i.e., Significant diversification). The correlation of Simt Global 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 Global Correlation With Market
Poor diversification
The correlation between Simt Global Managed and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Global Managed and DJI in the same portfolio, assuming nothing else is changed.
Simt |
Moving together with Simt Mutual Fund
| 0.85 | SRWAX | Saat Market Growth | PairCorr |
| 0.77 | SSCGX | Simt Small Cap | PairCorr |
| 0.84 | SSGAX | Saat Aggressive Strategy | PairCorr |
| 0.84 | SASDX | Saat Aggressive Strategy | PairCorr |
| 0.81 | SSMAX | Siit Small Mid | PairCorr |
| 0.76 | SSPIX | Simt Sp 500 | PairCorr |
| 0.86 | STLYX | Simt Tax Managed | PairCorr |
| 0.77 | STMPX | Simt Tax Managed | PairCorr |
| 0.78 | STMSX | Simt Tax Managed | PairCorr |
| 0.96 | STVYX | Simt Tax Managed | PairCorr |
| 0.82 | SCMSX | Saat E Market | PairCorr |
| 0.69 | SCPAX | Siit Large Cap | PairCorr |
| 0.84 | SUSYX | Simt Managed Volatility | PairCorr |
| 0.71 | SDLAX | Siit Dynamic Asset | PairCorr |
| 0.8 | SVAYX | Simt Large Cap | PairCorr |
| 0.7 | SDYAX | Simt Dynamic Asset | PairCorr |
| 0.84 | SVOAX | Simt Managed Volatility | PairCorr |
| 0.7 | SDYYX | Simt Dynamic Asset | PairCorr |
| 0.67 | SVSAX | Saat Servative Strategy | PairCorr |
| 0.84 | SEAIX | Saat Aggressive Strategy | PairCorr |
Related Correlations Analysis
| 0.42 | 0.46 | 0.55 | 0.1 | SLIYX | ||
| 0.42 | -0.09 | 0.7 | 0.17 | SEQFX | ||
| 0.46 | -0.09 | 0.52 | -0.74 | SCFYX | ||
| 0.55 | 0.7 | 0.52 | -0.38 | SEFCX | ||
| 0.1 | 0.17 | -0.74 | -0.38 | SSPIX | ||
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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 Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLIYX | 0.13 | 0.00 | (0.49) | 0.12 | 0.10 | 0.30 | 0.80 | |||
| SEQFX | 0.67 | 0.00 | (0.11) | 0.07 | 0.94 | 1.50 | 4.55 | |||
| SCFYX | 0.24 | (0.02) | 0.00 | 0.33 | 0.00 | 0.52 | 1.34 | |||
| SEFCX | 0.59 | (0.05) | 0.00 | 1.60 | 0.00 | 1.05 | 3.03 | |||
| SSPIX | 0.53 | 0.02 | 0.00 | 0.12 | 0.66 | 1.17 | 3.84 |