Simt Mid Correlations

Mutual Funds . USA . 
Fund . Simt Mid Cap
SIPIX Fund  USD 31.17  0.26  0.83%   
The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is 1.0 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Simt Mid Cap and DJI is 0.96 (i.e., Almost no 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 gross domestic product.

Moving together with Simt Mutual Fund

  0.92SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  1.0SSMAX Siit Small MidPairCorr
  0.9TFCAX Tax Free ConservativePairCorr
  0.9TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.85SBDAX Stet California MunicipalPairCorr
  0.73STAYX Stet Tax AdvantagedPairCorr
  0.84STDAX Saat Defensive StrategyPairCorr
  0.86ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  1.0STMPX Simt Tax ManagedPairCorr
  1.0STMSX Simt Tax ManagedPairCorr
  0.96STVYX Simt Tax ManagedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.95SCLAX Simt Multi AssetPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.85SCYYX Stet California MunicipalPairCorr
  0.89SUMAX Stet Short DurationPairCorr
  0.98SUSYX Simt Managed VolatilityPairCorr
  0.86SUSAX Siit Ultra ShortPairCorr
  0.66SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.98SVOAX Simt Managed VolatilityPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.99SEAIX 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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