Simt Multi Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Income
SLIYX Fund  USD 10.32  0.03  0.29%   
The current 90-days correlation between Simt Multi Asset and Simt E Fixed is 0.39 (i.e., Weak diversification). The correlation of Simt Multi 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 Correlation With Market

Very poor diversification

The correlation between Simt Multi Asset Income and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Income 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 Income. 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

  0.97SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.94SRYRX Simt Real ReturnPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.91SSMAX Siit Small MidPairCorr
  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.94SBDAX Stet California MunicipalPairCorr
  0.98ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  0.93STMPX Simt Tax ManagedPairCorr
  0.93STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.89SCFYX Simt E FixedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.99SCLAX Simt Multi AssetPairCorr
  0.88CFVAX Catholic Values FixedPairCorr
  0.89SCOAX Siit E FixedPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.9SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.83SUSYX Simt Managed VolatilityPairCorr
  0.94SUSAX Siit Ultra ShortPairCorr
  0.93SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.83SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr
  0.99SEDIX Saat Defensive StrategyPairCorr
  0.96SECAX Siit Small CapPairCorr
  0.99SEDAX Siit Emerging MarketsPairCorr
  0.86SVYAX Siit Managed VolatilityPairCorr
  0.93SEEIX Sei Instit InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Multi 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'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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