Simt Tax-managed Correlations

Mutual Funds . USA . 
Fund . Simt Tax Managed Smallmid
STMSX Fund  USD 23.17  0.28  1.19%   
The current 90-days correlation between Simt Tax Managed and Blackrock Government Bond is 0.09 (i.e., Significant 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

Good diversification

The correlation between Simt Tax Managed Smallmid and DJI is -0.12 (i.e., Good 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

  0.99SSCGX Simt Small CapPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  1.0SSMAX Siit Small MidPairCorr
  0.73TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.92SSTDX Saat Servative StrategyPairCorr
  0.92SBDAX Stet California MunicipalPairCorr
  0.77ENIAX Siit Opportunistic IncomePairCorr
  0.99STLYX Simt Tax ManagedPairCorr
  0.94STVYX Simt Tax ManagedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.92SCYYX Stet California MunicipalPairCorr
  0.92SUMAX Stet Short DurationPairCorr
  0.96SUSYX Simt Managed VolatilityPairCorr
  0.66SUSAX Siit Ultra ShortPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.91SVSAX Saat Servative StrategyPairCorr
  0.66SEATX Stet Tax AdvantagedPairCorr
  0.91SVTAX Simt Global ManagedPairCorr
  0.65SECAX Siit Small CapPairCorr
  0.94SEFCX Sit International EquityPairCorr
  0.64SEHAX Siit Equity FactorPairCorr
  0.76SEIRX Simt Real EstatePairCorr
  0.94SEITX Sit International EquityPairCorr
  0.9SEIMX Stet Intermediate TermPairCorr
  0.61SEIYX Simt High YieldPairCorr
  0.99SEMCX Simt Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt Tax-managed 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 Tax-managed'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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