Simt Multi-asset Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Capital
SCLAX Fund  USD 10.01  0.01  0.10%   
The current 90-days correlation between Simt Multi Asset and Transamerica Asset Allocation is 0.02 (i.e., Significant 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

Very weak diversification

The correlation between Simt Multi Asset Capital and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Capital 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 Capital. 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 nation.

Moving together with Simt Mutual Fund

  0.98SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.96SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.94SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.97SSPIX Simt Sp 500PairCorr
  0.97SSTDX Saat Servative StrategyPairCorr
  0.91SBDAX Stet California MunicipalPairCorr
  0.7STAYX Stet Tax AdvantagedPairCorr
  0.85STDAX Saat Defensive StrategyPairCorr
  0.86ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.65SCFYX Simt E FixedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.61CFVAX Catholic Values FixedPairCorr
  0.7SCOAX Siit E FixedPairCorr
  0.67CFVYX Catholic Values FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.65SCXIX Sei Insti MgdPairCorr
  0.91SCYYX Stet California MunicipalPairCorr
  0.94SUMAX Stet Short DurationPairCorr
  0.92SUSYX Simt Managed VolatilityPairCorr
  0.93SUSAX Siit Ultra ShortPairCorr
  0.83SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.93SVOAX Simt Managed VolatilityPairCorr
  0.97SDYYX Simt Dynamic AssetPairCorr
  0.97SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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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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