Simt Global Correlations

Mutual Funds . USA . 
Fund . Simt Global Managed
SGLYX Fund  USD 11.12  0.02  0.18%   
The current 90-days correlation between Simt Global Managed and Simt Multi Asset Income is -0.29 (i.e., Very good diversification). The correlation of Simt Global 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 Global Correlation With Market

Poor diversification

The correlation between Simt Global Managed and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Global Managed 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 Global Managed. 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

  0.81SAAAX Simt Multi AssetPairCorr
  0.92SRWAX Saat Market GrowthPairCorr
  0.93SSCGX Simt Small CapPairCorr
  0.94SSEAX Siit Screened WorldPairCorr
  0.93SSGAX Saat Aggressive StrategyPairCorr
  0.92SASDX Saat Aggressive StrategyPairCorr
  0.9SSMAX Siit Small MidPairCorr
  0.84TFCAX Tax Free ConservativePairCorr
  0.84TFCYX Tax Free ConservativePairCorr
  0.9SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.85SBDAX Stet California MunicipalPairCorr
  0.71STAYX Stet Tax AdvantagedPairCorr
  0.83STDAX Saat Defensive StrategyPairCorr
  0.84ENIAX Siit Opportunistic IncomePairCorr
  0.92STLYX Simt Tax ManagedPairCorr
  0.9STMPX Simt Tax ManagedPairCorr
  0.88STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.92SCMSX Saat E MarketPairCorr
  0.87SCLAX Simt Multi AssetPairCorr
  0.92SCPAX Siit Large CapPairCorr
  0.85SCYYX Stet California MunicipalPairCorr
  0.85SUMAX Stet Short DurationPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.79SUSAX Siit Ultra ShortPairCorr
  0.65SDGFX Sdit Short DurationPairCorr
  0.89SDLAX Siit Dynamic AssetPairCorr
  0.88SVAYX Simt Large CapPairCorr
  0.89SDYAX Simt Dynamic AssetPairCorr
  0.98SVOAX Simt Managed VolatilityPairCorr
  0.91SDYYX Simt Dynamic AssetPairCorr
  0.93SVSAX Saat Servative StrategyPairCorr
  0.93SEAIX 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 Global 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 Global'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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