| SMOYX Fund | | | USD 7.47 0.02 0.27% |
The current 90-days correlation between Simt Multi Asset and Columbia Global Technology is 0.24 (i.e., Modest diversification). The correlation of Simt Multi-asset 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-asset Correlation With Market
Modest diversification
The correlation between Simt Multi Asset Accumulation and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Accumulation 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 Accumulation. 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.