Simt Mid Correlations

Mutual Funds . USA . 
Fund . Simt Mid Cap
SEMCX Fund  USD 31.45  0.30  0.96%   
The correlation of Simt Mid 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 Mid Correlation With Market

Good diversification

The correlation between Simt Mid Cap and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid Cap 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 Mid Cap. 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 main economic indicators.

Moving together with Simt Mutual Fund

  0.96SSCGX Simt Small CapPairCorr
  0.91TFCAX Tax Free ConservativePairCorr
  0.92SBDAX Stet California MunicipalPairCorr
  0.93SCLAX Simt Multi AssetPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.85SUSAX Siit Ultra ShortPairCorr
  0.7SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.87SEDIX Saat Defensive StrategyPairCorr
  0.96SECAX Siit Small CapPairCorr
  0.9SEDAX Siit Emerging MarketsPairCorr
  0.94SEEIX Sei Instit InternationalPairCorr
  0.94SEFCX Sit International EquityPairCorr
  0.99SEHAX Siit Equity FactorPairCorr
  0.73SEIRX Simt Real EstatePairCorr
  0.95SEITX Sit International EquityPairCorr
  0.94SEIYX Simt High YieldPairCorr
  0.94SEQFX Sit Emerging MarketsPairCorr
  1.0SFDYX Simt Mid CapPairCorr
  0.9AAEZX Enhanced Fixed IncomePairCorr
  0.95WEUSX Siit World EquityPairCorr
  0.99SXMAX Saat Moderate StrategyPairCorr
  0.95SGMAX Siit Global ManagedPairCorr
  0.91SGYAX Siit High YieldPairCorr
  0.92SHYAX Simt High YieldPairCorr
  0.97TMLCX Simt Tax ManagedPairCorr
  0.97SIPIX Simt Mid CapPairCorr
  0.97SISAX Saat Tax ManagedPairCorr
  0.89SITEX Sit Emerging MarketsPairCorr
  0.89COIAX Conservative IncomePairCorr
  0.93SMAAX Aig Government MoneyPairCorr
  0.95SMSDX Saat Moderate StrategyPairCorr
  0.93SMSIX Saat Moderate StrategyPairCorr
  0.96TRMVX Simt Large CapPairCorr
  0.98LCIAX Siit Large CapPairCorr
  0.97SPIIX Simt Sp 500PairCorr

Moving against Simt Mutual Fund

  0.34GABFX Gmo Asset AllocationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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