Simt Multi-asset Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Inflation
SLFYX Fund  USD 8.19  0.04  0.49%   
The current 90-days correlation between Simt Multi Asset and Pace High Yield is -0.02 (i.e., 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

Poor diversification

The correlation between Simt Multi Asset Inflation and DJI is 0.62 (i.e., Poor 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 signals in services.

Moving together with Simt Mutual Fund

  0.73SECAX Siit Small CapPairCorr
  0.9SEDAX Siit Emerging MarketsPairCorr
  0.69SEIRX Simt Real EstatePairCorr
  0.72SEIYX Simt High YieldPairCorr
  0.73AAEZX Enhanced Fixed IncomePairCorr
  0.68SXMAX Saat Moderate StrategyPairCorr
  0.69SGLYX Simt Global ManagedPairCorr
  0.7SGMAX Siit Global ManagedPairCorr
  0.77SGYAX Siit High YieldPairCorr
  0.9SIEDX Sit Emerging MarketsPairCorr
  0.67DAACX Diversified EquityPairCorr
  0.86SMAAX Aig Government MoneyPairCorr
  0.65LCIAX Siit Large CapPairCorr
  0.8FASIX Fidelity Asset ManagerPairCorr
  0.8FTIWX Fidelity Asset ManagerPairCorr
  0.78FTDWX Fidelity Asset ManagerPairCorr
  0.79FTAWX Fidelity Asset ManagerPairCorr
  0.8FIKVX Fidelity Asset ManagerPairCorr
  0.78FTCWX Fidelity Asset ManagerPairCorr
  0.73VASIX Vanguard LifestrategyPairCorr
  0.77PFIPX Strategic Asset ManaPairCorr
  0.72PFN Pimco Income StrategyPairCorr
  0.65GQLOX Gmo Quality FundPairCorr
  0.84VTISX Vanguard Total InterPairCorr
  0.91PMPIX Precious Metals UltrPairCorr
  0.79TAAMX Transamerica AssetPairCorr
  0.66TWUOX Short Term GovernmentPairCorr
  0.87GPARX Guidepath Absolute ReturnPairCorr
  0.85PCIPX Pimco California IntPairCorr
  0.81TEMIX Franklin Mutual EuropeanPairCorr
  0.77FASGX Fidelity Asset ManagerPairCorr

Moving against Simt Mutual Fund

  0.62NXJ Nuveen New JerseyPairCorr
  0.5XNXJX Nuveen New JerseyPairCorr
  0.49XDSMX Dreyfus StrategicPairCorr
  0.49XNBHX Neuberger Berman IntPairCorr

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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