Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SESVX Fund  USD 28.50  0.49  1.75%   
The current 90-days correlation between Simt Small Cap and Aim Investment Secs is -0.15 (i.e., Good 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 poor diversification

The correlation between Simt Small Cap 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 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 real.

Moving together with Simt Mutual Fund

  0.62SRWAX Saat Market GrowthPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.73SSGAX Saat Aggressive StrategyPairCorr
  0.72SASDX Saat Aggressive StrategyPairCorr
  0.98SSMAX Siit Small MidPairCorr
  0.62TFCAX Tax Free ConservativePairCorr
  0.67TFCYX Tax Free ConservativePairCorr
  0.87SSPIX Simt Sp 500PairCorr
  0.68STDAX Saat Defensive StrategyPairCorr
  0.68ENIAX Siit Opportunistic IncomePairCorr
  0.88STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.78STVYX Simt Tax ManagedPairCorr
  0.85SCPAX Siit Large CapPairCorr
  0.91SUSYX Simt Managed VolatilityPairCorr
  0.82SDLAX Siit Dynamic AssetPairCorr
  0.92SVAYX Simt Large CapPairCorr
  0.82SDYAX Simt Dynamic AssetPairCorr
  0.91SVOAX Simt Managed VolatilityPairCorr
  0.82SDYYX Simt Dynamic AssetPairCorr
  0.68SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.67CFVAX Catholic Values FixedPairCorr
  0.66SCFYX Simt E FixedPairCorr
  0.66CFVYX Catholic Values FixedPairCorr
  0.65SCOAX Siit E FixedPairCorr
  0.65SCXIX Sei Insti MgdPairCorr
  0.45SBDAX Stet California MunicipalPairCorr
  0.67SEGMX Sdit Gnma FundPairCorr
  0.43SCYYX Stet California MunicipalPairCorr
  0.36SEEIX Sei Instit InternationalPairCorr
  0.33SEFCX Sit International EquityPairCorr
  0.32SEDAX Siit Emerging MarketsPairCorr

Related Correlations Analysis

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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.

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