Correlation Between Simt Multi-asset and Simt Mid
Can any of the company-specific risk be diversified away by investing in both Simt Multi-asset and Simt Mid at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Simt Multi-asset and Simt Mid into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Simt Multi Asset Capital and Simt Mid Cap, you can compare the effects of market volatilities on Simt Multi-asset and Simt Mid and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Simt Multi-asset with a short position of Simt Mid. Check out your portfolio center. Please also check ongoing floating volatility patterns of Simt Multi-asset and Simt Mid.
Diversification Opportunities for Simt Multi-asset and Simt Mid
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Simt and Simt is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Capital and Simt Mid Cap in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Simt Mid Cap and Simt Multi-asset is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Simt Multi Asset Capital are associated (or correlated) with Simt Mid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Simt Mid Cap has no effect on the direction of Simt Multi-asset i.e., Simt Multi-asset and Simt Mid go up and down completely randomly.
Pair Corralation between Simt Multi-asset and Simt Mid
If you would invest 2,433 in Simt Mid Cap on May 22, 2025 and sell it today you would earn a total of 737.00 from holding Simt Mid Cap or generate 30.29% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Simt Multi Asset Capital vs. Simt Mid Cap
Performance |
| Timeline |
| Simt Multi Asset |
Risk-Adjusted Performance
Strong
Weak | Strong |
| Simt Mid Cap |
Simt Multi-asset and Simt Mid Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Simt Multi-asset and Simt Mid
The main advantage of trading using opposite Simt Multi-asset and Simt Mid positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Simt Multi-asset position performs unexpectedly, Simt Mid can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Simt Mid will offset losses from the drop in Simt Mid's long position.| Simt Multi-asset vs. Old Westbury Fixed | Simt Multi-asset vs. Balanced Fund Retail | Simt Multi-asset vs. Enhanced Fixed Income | Simt Multi-asset vs. Ultra Short Term Fixed |
| Simt Mid vs. Simt Large Cap | Simt Mid vs. Simt Small Cap | Simt Mid vs. Simt Large Cap | Simt Mid vs. Simt Small Cap |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Complementary Tools
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |