Simt Sp Correlations

Mutual Funds . USA . 
Fund . Simt Sp 500
SSPIX Fund  USD 106.95  0.33  0.31%   
The current 90-days correlation between Simt Sp 500 and Simt Small Cap is 0.85 (i.e., Very poor diversification). The correlation of Simt Sp 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 Sp Correlation With Market

Significant diversification

The correlation between Simt Sp 500 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Simt Mutual Fund

  0.78SRWAX Saat Market GrowthPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.8SSGAX Saat Aggressive StrategyPairCorr
  0.78SASDX Saat Aggressive StrategyPairCorr
  0.8SSMAX Siit Small MidPairCorr
  0.69TFCAX Tax Free ConservativePairCorr
  0.74TFCYX Tax Free ConservativePairCorr
  0.92STDAX Saat Defensive StrategyPairCorr
  0.84ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.77STMPX Simt Tax ManagedPairCorr
  0.8STMSX Simt Tax ManagedPairCorr
  0.89SCPAX Siit Large CapPairCorr
  0.82SUSYX Simt Managed VolatilityPairCorr
  0.73SUSAX Siit Ultra ShortPairCorr
  0.9SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.82SDYAX Simt Dynamic AssetPairCorr
  0.74SVOAX Simt Managed VolatilityPairCorr
  0.82SDYYX Simt Dynamic AssetPairCorr
  0.7SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.41SBDAX Stet California MunicipalPairCorr
  0.71SCOAX Siit E FixedPairCorr
  0.7SCFYX Simt E FixedPairCorr
  0.68SCXIX Sei Insti MgdPairCorr
  0.67CFVYX Catholic Values FixedPairCorr
  0.4SCYYX Stet California MunicipalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TRMVX
+ 0.95
SELCX
TRMVX
+ 0.92
SESVX
SELCX
+ 0.85
SESVX
SESVX
+ 0.73
SSCGX
SELCX
+ 0.72
SSCGX
TRMVX
+ 0.66
SSCGX
  
High negative correlations   
SEITX
- 0.4
SSCGX
SEITX
- 0.36
SESVX
SEITX
- 0.3
SELCX
TRMVX
- 0.26
SEITX

Risk-Adjusted Indicators

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