Simt Global Correlations

Mutual Funds . USA . 
Fund . Simt Global Managed
SVTAX Fund  USD 11.09  0.04  0.36%   
The current 90-days correlation between Simt Global Managed and Franklin Emerging Market is 0.04 (i.e., Significant diversification). The correlation of Simt Global 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 Global Correlation With Market

Very poor diversification

The correlation between Simt Global Managed 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 Global Managed 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 Global Managed. 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 nation.

Moving together with Simt Mutual Fund

  0.88SAAAX Simt Multi AssetPairCorr
  0.96SRWAX Saat Market GrowthPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.93SSMAX Siit Small MidPairCorr
  0.84TFCAX Tax Free ConservativePairCorr
  0.84TFCYX Tax Free ConservativePairCorr
  0.93SSPIX Simt Sp 500PairCorr
  0.94SSTDX Saat Servative StrategyPairCorr
  0.78SBDAX Stet California MunicipalPairCorr
  0.74STAYX Stet Tax AdvantagedPairCorr
  0.84STDAX Saat Defensive StrategyPairCorr
  0.86ENIAX Siit Opportunistic IncomePairCorr
  0.92STLYX Simt Tax ManagedPairCorr
  0.9STMPX Simt Tax ManagedPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.94SCMSX Saat E MarketPairCorr
  0.93SCPAX Siit Large CapPairCorr
  0.95SUSYX Simt Managed VolatilityPairCorr
  0.84SUSAX Siit Ultra ShortPairCorr
  0.92SDLAX Siit Dynamic AssetPairCorr
  0.91SVAYX Simt Large CapPairCorr
  0.92SDYAX Simt Dynamic AssetPairCorr
  0.98SVOAX Simt Managed VolatilityPairCorr
  0.93SDYYX Simt Dynamic AssetPairCorr
  0.94SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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