Simt High Correlations

Mutual Funds . USA . 
Fund . Simt High Yield
SEIYX Fund  USD 5.14  0.01  0.19%   
The current 90-days correlation between Simt High Yield and Scharf Global Opportunity is 0.56 (i.e., Very weak diversification). The correlation of Simt High 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 High Correlation With Market

Good diversification

The correlation between Simt High Yield and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield 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 High Yield. 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 manufacturing.

Moving together with Simt Mutual Fund

  0.63SRWAX Saat Market GrowthPairCorr
  0.74SSCGX Simt Small CapPairCorr
  0.72SSEAX Siit Screened WorldPairCorr
  0.63SSGAX Saat Aggressive StrategyPairCorr
  0.73SSMAX Siit Small MidPairCorr
  0.97TFCAX Tax Free ConservativePairCorr
  0.96TFCYX Tax Free ConservativePairCorr
  0.61SSPIX Simt Sp 500PairCorr
  0.62SSTDX Saat Servative StrategyPairCorr
  0.68SBDAX Stet California MunicipalPairCorr
  0.62STLYX Simt Tax ManagedPairCorr
  0.7SCOAX Siit E FixedPairCorr
  0.97SCYYX Stet California MunicipalPairCorr
  0.7SUSYX Simt Managed VolatilityPairCorr
  0.63SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.61SDLAX Siit Dynamic AssetPairCorr
  0.7SVOAX Simt Managed VolatilityPairCorr
  0.63SEAIX Saat Aggressive StrategyPairCorr
  0.61SVTAX Simt Global ManagedPairCorr
  0.97SEDIX Saat Defensive StrategyPairCorr
  0.96SECAX Siit Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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