Simt Mid Correlations

Mutual Funds . USA . 
Fund . Simt Mid Cap
SFDYX Fund  USD 31.73  0.06  0.19%   
The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is -0.26 (i.e., Very good 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 -0.1 (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 commodities.

Moving together with Simt Mutual Fund

  0.91SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.66SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.64TFCAX Tax Free ConservativePairCorr
  0.64TFCYX Tax Free ConservativePairCorr
  0.97SSPIX Simt Sp 500PairCorr
  0.82SBDAX Stet California MunicipalPairCorr
  0.92ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.98STMPX Simt Tax ManagedPairCorr
  0.83STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.78SCFYX Simt E FixedPairCorr
  0.82SCLAX Simt Multi AssetPairCorr
  0.76CFVAX Catholic Values FixedPairCorr
  0.78SCPAX Siit Large CapPairCorr
  0.85SCYYX Stet California MunicipalPairCorr
  0.9SUMAX Stet Short DurationPairCorr
  0.87SUSYX Simt Managed VolatilityPairCorr
  0.74SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.78SDYAX Simt Dynamic AssetPairCorr
  0.87SVOAX Simt Managed VolatilityPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr
  0.71SVTAX Simt Global ManagedPairCorr
  0.65SEDIX Saat Defensive StrategyPairCorr
  0.83SECAX Siit Small CapPairCorr
  0.67SEDAX Siit Emerging MarketsPairCorr
  0.89SVYAX Siit Managed VolatilityPairCorr
  0.62SEEIX Sei Instit InternationalPairCorr
  0.89SEFCX Sit International EquityPairCorr
  0.76SEHAX Siit Equity FactorPairCorr

Related Correlations Analysis


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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