Simt E Correlations

Mutual Funds . USA . 
Fund . Simt E Fixed
SCFYX Fund  USD 9.37  0.02  0.21%   
The current 90-days correlation between Simt E Fixed and Sit Emerging Markets is 0.31 (i.e., Weak diversification). The correlation of Simt E 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 E Correlation With Market

Modest diversification

The correlation between Simt E Fixed and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt E Fixed 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 E Fixed. 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 manufacturing.

Moving together with Simt Mutual Fund

  0.92SAAAX Simt Multi AssetPairCorr
  0.83SRWAX Saat Market GrowthPairCorr
  0.64SSCGX Simt Small CapPairCorr
  0.81SSEAX Siit Screened WorldPairCorr
  0.77SSGAX Saat Aggressive StrategyPairCorr
  0.79SASDX Saat Aggressive StrategyPairCorr
  0.71SSMAX Siit Small MidPairCorr
  0.74SSPIX Simt Sp 500PairCorr
  0.84SSTDX Saat Servative StrategyPairCorr
  0.83SBDAX Stet California MunicipalPairCorr
  0.87STAYX Stet Tax AdvantagedPairCorr
  0.77STLYX Simt Tax ManagedPairCorr
  0.72STMPX Simt Tax ManagedPairCorr
  0.72STMSX Simt Tax ManagedPairCorr
  0.72STVYX Simt Tax ManagedPairCorr
  0.78SCMSX Saat E MarketPairCorr
  0.81SCLAX Simt Multi AssetPairCorr
  0.92CFVAX Catholic Values FixedPairCorr
  0.92SCOAX Siit E FixedPairCorr
  0.99CFVYX Catholic Values FixedPairCorr
  0.75SCPAX Siit Large CapPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.82SCYYX Stet California MunicipalPairCorr
  0.74SUSYX Simt Managed VolatilityPairCorr
  0.74SDLAX Siit Dynamic AssetPairCorr
  0.67SVAYX Simt Large CapPairCorr
  0.68SDYAX Simt Dynamic AssetPairCorr
  0.74SVOAX Simt Managed VolatilityPairCorr
  0.67SDYYX Simt Dynamic AssetPairCorr
  0.77SVSAX Saat Servative StrategyPairCorr
  0.77SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.45ENIAX Siit Opportunistic IncomePairCorr
  0.43STDAX Saat Defensive StrategyPairCorr
  0.39TFCAX Tax Free ConservativePairCorr
  0.36TFCYX Tax Free ConservativePairCorr
  0.44SECYX Sdit Ultra ShortPairCorr
  0.4SUSAX Siit Ultra ShortPairCorr
  0.4SECPX Sdit Ultra ShortPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt E 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 E'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.

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