Simt Large Correlations

SLYCX Fund  USD 15.79  0.14  0.89%   
The current 90-days correlation between Simt Large Cap and Deutsche Gold Precious is -0.52 (i.e., Excellent diversification). The correlation of Simt Large 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 Large Correlation With Market

Very poor diversification

The correlation between Simt Large Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large 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 Large 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

  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.87VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.87VINIX Vanguard InstitutionalPairCorr
  0.87VIIIX Vanguard InstitutionalPairCorr
  0.83CPAYX Columbia Pacific/asiaPairCorr
  0.95CASAX Columbia PacificasiaPairCorr
  0.86CCCZX Center St BrookfieldPairCorr
  0.86CASCX Columbia PacificasiaPairCorr
  0.97MGHRX Morgan Stanley InstiPairCorr
  0.97MSEQX Growth Portfolio ClassPairCorr
  0.83MSHLX Growth Portfolio ClassPairCorr
  0.61CVX Chevron Corp Earnings Call This WeekPairCorr

Moving against Simt Mutual Fund

  0.45TRV The Travelers CompaniesPairCorr
  0.33WMT WalmartPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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