Simt Multi Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Accumulation
SAAAX Fund  USD 7.36  0.03  0.41%   
The current 90-days correlation between Simt Multi Asset and Saat Market Growth is 0.77 (i.e., Poor diversification). The correlation of Simt Multi 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 Multi Correlation With Market

Very weak diversification

The correlation between Simt Multi Asset Accumulation and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Accumulation 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 Multi Asset Accumulation. 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

  0.96SRWAX Saat Market GrowthPairCorr
  0.76SRYRX Simt Real ReturnPairCorr
  0.92SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.9SSMAX Siit Small MidPairCorr
  0.89TFCAX Tax Free ConservativePairCorr
  0.89TFCYX Tax Free ConservativePairCorr
  0.93SSPIX Simt Sp 500PairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.95SBDAX Stet California MunicipalPairCorr
  0.73STAYX Stet Tax AdvantagedPairCorr
  0.97STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.93STLYX Simt Tax ManagedPairCorr
  0.91STMPX Simt Tax Managed Potential GrowthPairCorr
  0.89STMSX Simt Tax ManagedPairCorr
  0.9STVYX Simt Tax ManagedPairCorr
  0.8SCFYX Simt E FixedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.79CFVAX Catholic Values FixedPairCorr
  0.8SCOAX Siit E FixedPairCorr
  0.79CFVYX Catholic Values FixedPairCorr
  0.93SCPAX Siit Large CapPairCorr
  0.77SCXIX Sei Insti MgdPairCorr
  0.95SCYYX Stet California MunicipalPairCorr
  0.93SUMAX Stet Short DurationPairCorr
  0.86SUSYX Simt Managed VolatilityPairCorr
  0.92SUSAX Siit Ultra ShortPairCorr
  0.86SDGFX Sdit Short DurationPairCorr
  0.92SDLAX Siit Dynamic AssetPairCorr
  0.92SVAYX Simt Large CapPairCorr
  0.93SDYAX Simt Dynamic AssetPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.92SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.95SEAIX 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 Multi 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 Multi'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAAAX  0.33  0.06 (0.06) 0.38  0.21 
(0.40)
 0.84 
(0.73)
 2.14 
SRWAX  0.37  0.09  0.03  0.30  0.23 
(0.42)
 1.11 
(0.77)
 2.29 
SRYRX  0.11  0.01 (0.48)(0.29) 0.09 
(0.15)
 0.21 
(0.21)
 0.93 
SSCGX  0.88  0.03  0.03  0.15  1.04 
(0.92)
 2.18 
(1.77)
 5.22 
SSEAX  0.51  0.18  0.17  0.49  0.16 
(0.62)
 1.67 
(0.92)
 3.99 
SSGAX  0.50  0.11  0.07  0.28  0.42 
(0.55)
 1.45 
(1.09)
 2.98 
SASDX  0.50  0.10  0.07  0.28  0.44 
(0.56)
 1.49 
(1.12)
 3.05 
SSMAX  0.82  0.02  0.02  0.14  1.05 
(0.90)
 2.17 
(1.88)
 5.82 
TFCAX  0.03  0.00  0.00  0.29  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
TFCYX  0.03  0.00  0.00  0.49  0.00 
 0.00 
 0.10 
 0.00 
 0.30 

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