Simt Global Correlations

Mutual Funds . USA . 
Fund . Simt Global Managed
SGLYX Fund  USD 11.03  0.09  0.81%   
The current 90-days correlation between Simt Global Managed and Simt Multi Asset Income is 0.78 (i.e., Poor diversification). The correlation of Simt Global 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 Global Correlation With Market

Poor diversification

The correlation between Simt Global Managed and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Global Managed 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 Global Managed. 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 manufacturing.

Moving together with Simt Mutual Fund

  0.73SAAAX Simt Multi AssetPairCorr
  0.85SRWAX Saat Market GrowthPairCorr
  0.85SSCGX Simt Small CapPairCorr
  0.86SSEAX Siit Screened WorldPairCorr
  0.85SSGAX Saat Aggressive StrategyPairCorr
  0.85SASDX Saat Aggressive StrategyPairCorr
  0.81SSMAX Siit Small MidPairCorr
  0.71TFCAX Tax Free ConservativePairCorr
  0.71TFCYX Tax Free ConservativePairCorr
  0.84SSPIX Simt Sp 500PairCorr
  0.83SSTDX Saat Servative StrategyPairCorr
  0.83SBDAX Stet California MunicipalPairCorr
  0.8STAYX Stet Tax AdvantagedPairCorr
  0.8STDAX Saat Defensive StrategyPairCorr
  0.8ENIAX Siit Opportunistic IncomePairCorr
  0.85STLYX Simt Tax ManagedPairCorr
  0.81STMPX Simt Tax Managed Potential GrowthPairCorr
  0.89STMSX Simt Tax ManagedPairCorr
  0.97STVYX Simt Tax ManagedPairCorr
  0.84SCMSX Saat E MarketPairCorr
  0.79SCLAX Simt Multi AssetPairCorr
  0.93SCPAX Siit Large CapPairCorr
  0.85SCYYX Stet California MunicipalPairCorr
  0.88SUMAX Stet Short DurationPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.8SUSAX Siit Ultra ShortPairCorr
  0.92SDLAX Siit Dynamic AssetPairCorr
  0.9SVAYX Simt Large CapPairCorr
  0.84SDYAX Simt Dynamic AssetPairCorr
  0.86SVOAX Simt Managed VolatilityPairCorr
  0.92SDYYX Simt Dynamic AssetPairCorr
  0.83SVSAX Saat Servative StrategyPairCorr
  0.85SEAIX 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 Global 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 Global'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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