Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SSCGX Fund  USD 35.30  0.10  0.28%   
The current 90-days correlation between Simt Small Cap and Barings Active Short is 0.06 (i.e., Significant diversification). The correlation of Simt Small 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 Small Correlation With Market

Very poor diversification

The correlation between Simt Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small 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 Small 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 rate.

Moving together with Simt Mutual Fund

  0.89SAAAX Simt Multi AssetPairCorr
  0.95SRWAX Saat Market GrowthPairCorr
  0.85SRYRX Simt Real ReturnPairCorr
  0.92SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.95SSMAX Siit Small MidPairCorr
  0.85TFCAX Tax Free ConservativePairCorr
  0.85TFCYX Tax Free ConservativePairCorr
  0.93SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.87SBDAX Stet California MunicipalPairCorr
  0.86STDAX Saat Defensive StrategyPairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.86STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.81SCFYX Simt E FixedPairCorr
  0.91SCMSX Saat E MarketPairCorr
  0.89SCLAX Simt Multi AssetPairCorr
  0.79CFVAX Catholic Values FixedPairCorr
  0.83SCOAX Siit E FixedPairCorr
  0.95SCPAX Siit Large CapPairCorr
  0.81SCXIX Sei Insti MgdPairCorr
  0.89SCYYX Stet California MunicipalPairCorr
  0.89SUMAX Stet Short DurationPairCorr
  0.77SUSYX Simt Managed VolatilityPairCorr
  0.84SUSAX Siit Ultra ShortPairCorr
  0.86SDGFX Sdit Short DurationPairCorr
  0.89SDLAX Siit Dynamic AssetPairCorr
  0.87SVAYX Simt Large CapPairCorr
  0.93SDYAX Simt Dynamic AssetPairCorr
  0.88SVOAX Simt Managed VolatilityPairCorr
  0.93SDYYX Simt Dynamic AssetPairCorr
  0.91SEAIX Saat Aggressive StrategyPairCorr
  0.78SVTAX Simt Global ManagedPairCorr
  0.9SEDIX Saat Defensive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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