Simt Multi-asset Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Inflation
SIFAX Fund  USD 8.21  0.03  0.37%   
The current 90-days correlation between Simt Multi Asset and Praxis Small Cap is -0.23 (i.e., Very good diversification). The correlation of Simt Multi-asset 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 Multi-asset Correlation With Market

Weak diversification

The correlation between Simt Multi Asset Inflation and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Inflation 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 Multi Asset Inflation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Simt Mutual Fund

  0.8FASIX Fidelity Asset ManagerPairCorr
  0.8FTIWX Fidelity Asset ManagerPairCorr
  0.79FTDWX Fidelity Asset ManagerPairCorr
  0.8FTAWX Fidelity Asset ManagerPairCorr
  0.8FIKVX Fidelity Asset ManagerPairCorr
  0.79FTCWX Fidelity Asset ManagerPairCorr
  0.75VASIX Vanguard LifestrategyPairCorr
  0.76PFIPX Strategic Asset ManaPairCorr
  0.65SMPSX Semiconductor UltrasectorPairCorr
  0.86RSNYX Victory Global NaturalPairCorr
  0.86RSNRX Victory Global NaturalPairCorr
  0.9PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.92OSPPX Oppenheimer Steelpath MlpPairCorr
  0.92SPMPX Invesco Steelpath MlpPairCorr
  0.92SPMJX Invesco Steelpath MlpPairCorr
  0.86RGNCX Victory Global NaturalPairCorr
  0.92MLPNX Oppenheimer Steelpath MlpPairCorr
  0.85ABCIX American BeaconPairCorr
  0.72STSIX American Beacon StephensPairCorr
  0.77FQDIX New Hampshire HigherPairCorr
  0.81FKINX Franklin IncomePairCorr
  0.76LHYQX Lord Abbett HighPairCorr
  0.62FIMPX Nuveen Small CapPairCorr
  0.7ABSIX Ab Discovery ValuePairCorr
  0.78RPFDX T Rowe PricePairCorr
  0.67WMKSX Wesmark Small PanyPairCorr
  0.74JVMIX John Hancock DisciplinedPairCorr
  0.77RFDTX American Funds 2025PairCorr
  0.87RMDFX Aspiriant DefensivePairCorr
  0.84CFNLX National TaxPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi-asset 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 Multi-asset'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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