Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SMYFX Fund  USD 13.94  0.17  1.23%   
The current 90-days correlation between Simt Small Cap and Sprott Gold Equity 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

Almost no diversification

The correlation between Simt Small Cap and DJI is 0.9 (i.e., Almost no 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 price.

Moving together with Simt Mutual Fund

  0.78SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.65SRYRX Simt Real ReturnPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.97SASDX Saat Aggressive StrategyPairCorr
  0.98SSMAX Siit Small MidPairCorr
  0.91TFCAX Tax Free ConservativePairCorr
  0.9TFCYX Tax Free ConservativePairCorr
  0.97SSPIX Simt Sp 500PairCorr
  0.88SSTDX Saat Servative StrategyPairCorr
  0.82SBDAX Stet California MunicipalPairCorr
  0.95STDAX Saat Defensive StrategyPairCorr
  0.95ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.97STVYX Simt Tax ManagedPairCorr
  0.91SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.63SCOAX Siit E FixedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.82SCYYX Stet California MunicipalPairCorr
  0.86SUMAX Stet Short DurationPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.88SUSAX Siit Ultra ShortPairCorr
  0.88SDGFX Sdit Short DurationPairCorr
  0.93SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.89SVSAX Saat Servative StrategyPairCorr
  0.95SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.92SVYAX Siit Managed VolatilityPairCorr

Related Correlations Analysis


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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