Simt Large Correlations

Mutual Funds . USA . 
Fund . Simt Large Cap
SLYCX Fund  USD 15.60  0.01  0.06%   
The current 90-days correlation between Simt Large Cap and Siit Dynamic Asset is -0.06 (i.e., Good 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

Almost no diversification

The correlation between Simt Large Cap and DJI is 0.93 (i.e., Almost no 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

  0.94TFCAX Tax Free ConservativePairCorr
  0.94TFCYX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.95SBDAX Stet California MunicipalPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.9SUSAX Siit Ultra ShortPairCorr
  0.96SVOAX Simt Managed VolatilityPairCorr
  1.0SEAIX Saat Aggressive StrategyPairCorr
  0.92SVTAX Simt Global ManagedPairCorr
  0.94SEDIX Saat Defensive StrategyPairCorr
  0.99SECAX Siit Small CapPairCorr
  0.95SEDAX Siit Emerging MarketsPairCorr
  0.97SEEIX Sei Instit InternationalPairCorr
  0.98SEHAX Siit Equity FactorPairCorr
  0.8SEIRX Simt Real EstatePairCorr
  0.96SEITX Sit International EquityPairCorr
  0.97SEIYX Simt High YieldPairCorr
  1.0SELCX Simt Large CapPairCorr
  0.96AAEZX Enhanced Fixed IncomePairCorr
  0.99SXMAX Saat Moderate StrategyPairCorr
  0.94SGMAX Siit Global ManagedPairCorr
  0.97SGYAX Siit High YieldPairCorr
  0.96SHYAX Simt High YieldPairCorr
  1.0SISAX Saat Tax ManagedPairCorr
  0.95SITEX Sit Emerging MarketsPairCorr
  1.0SKTAX Saat E MarketPairCorr
  0.96SMAAX Aig Government MoneyPairCorr
  0.99SMYFX Simt Small CapPairCorr
  0.98LCIAX Siit Large CapPairCorr
  0.73TCSGX Sdit Short DurationPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr

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.

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