Simt Tax-managed Correlations

Mutual Funds . USA . 
Fund . Simt Tax Managed Smallmid
STMPX Fund  USD 23.64  0.01  0.04%   
The current 90-days correlation between Simt Tax Managed and Simt Tax Managed Large is 0.79 (i.e., Poor diversification). The correlation of Simt Tax-managed 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 Tax-managed Correlation With Market

Poor diversification

The correlation between Simt Tax Managed Smallmid and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Tax Managed Smallmid 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 Tax Managed Smallmid. 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 state.

Moving together with Simt Mutual Fund

  0.87SAAAX Simt Multi AssetPairCorr
  0.69SRWAX Saat Market GrowthPairCorr
  0.73SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.94SSGAX Saat Aggressive StrategyPairCorr
  0.94SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.93SSPIX Simt Sp 500PairCorr
  0.9SSTDX Saat Servative StrategyPairCorr
  0.79SBDAX Stet California MunicipalPairCorr
  0.75STDAX Saat Defensive StrategyPairCorr
  0.87ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.82STMSX Simt Tax ManagedPairCorr
  0.71STVYX Simt Tax ManagedPairCorr
  0.66SCFYX Simt E FixedPairCorr
  0.93SCMSX Saat E MarketPairCorr
  0.88SCLAX Simt Multi AssetPairCorr
  0.7CFVAX Catholic Values FixedPairCorr
  0.72SCOAX Siit E FixedPairCorr
  0.94SCPAX Siit Large CapPairCorr
  0.82SCYYX Stet California MunicipalPairCorr
  0.75SUMAX Stet Short DurationPairCorr
  0.9SUSYX Simt Managed VolatilityPairCorr
  0.76SDGFX Sdit Short DurationPairCorr
  0.8SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.92SDYAX Simt Dynamic AssetPairCorr
  0.9SVOAX Simt Managed VolatilityPairCorr
  0.92SDYYX Simt Dynamic AssetPairCorr
  0.89SVSAX Saat Servative StrategyPairCorr
  0.8SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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