Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SESVX Fund  USD 22.21  0.01  0.04%   
The current 90-days correlation between Simt Small Cap and Ab Equity Income is 0.88 (i.e., Very poor diversification). The correlation of Simt Small 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 Small Correlation With Market

Very poor diversification

The correlation between Simt Small Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small 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 Small 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 real.

Moving together with Simt Mutual Fund

  0.91SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.62SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.97SSGAX Saat Aggressive StrategyPairCorr
  0.97SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.94SBDAX Stet California MunicipalPairCorr
  0.61STAYX Stet Tax AdvantagedPairCorr
  0.95STDAX Saat Defensive StrategyPairCorr
  0.94ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.96SCMSX Saat E MarketPairCorr
  0.95SCLAX Simt Multi AssetPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.93SCYYX Stet California MunicipalPairCorr
  0.94SUMAX Stet Short DurationPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.88SUSAX Siit Ultra ShortPairCorr
  0.75SDGFX Sdit Short DurationPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.97SDYAX Simt Dynamic AssetPairCorr
  0.93SVOAX Simt Managed VolatilityPairCorr
  0.97SDYYX Simt Dynamic AssetPairCorr
  0.93SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX 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 Small 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 Small'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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