Simt Mid Correlations

Mutual Funds . USA . 
Fund . Simt Mid Cap
SEMCX Fund  USD 31.45  0.16  0.51%   
The current 90-days correlation between Simt Mid Cap and Simt Large Cap is 0.14 (i.e., Average diversification). The correlation of Simt Mid 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 Mid Correlation With Market

Good diversification

The correlation between Simt Mid Cap and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid 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 Mid 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 main economic indicators.

Moving together with Simt Mutual Fund

  0.83SAAAX Simt Multi AssetPairCorr
  0.95SRWAX Saat Market GrowthPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.94SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.91TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.91SBDAX Stet California MunicipalPairCorr
  0.9STDAX Saat Defensive StrategyPairCorr
  0.91ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.96STVYX Simt Tax ManagedPairCorr
  0.94SCMSX Saat E MarketPairCorr
  0.92SCLAX Simt Multi AssetPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.92SCYYX Stet California MunicipalPairCorr
  0.91SUMAX Stet Short DurationPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.85SUSAX Siit Ultra ShortPairCorr
  0.7SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.94SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.93SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX 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 Mid 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 Mid'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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