Simt Large Correlations

SLYCX Fund  USD 15.76  0.03  0.19%   
The current 90-days correlation between Simt Large Cap and Dunham Porategovernment Bond is 0.14 (i.e., Average 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 0.91 (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

  0.9SAAAX Simt Multi AssetPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.86SSGAX Saat Aggressive StrategyPairCorr
  0.88SASDX Saat Aggressive StrategyPairCorr
  0.97SSMAX Siit Small MidPairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  1.0SSPIX Simt Sp 500PairCorr
  0.94SSTDX Saat Servative StrategyPairCorr
  0.81SBDAX Stet California MunicipalPairCorr
  0.88STDAX Saat Defensive StrategyPairCorr
  0.96ENIAX Siit Opportunistic IncomePairCorr
  1.0STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.97STMSX Simt Tax ManagedPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.95SCLAX Simt Multi AssetPairCorr
  0.91SCYYX Stet California MunicipalPairCorr
  0.94SUMAX Stet Short DurationPairCorr
  0.94SUSYX Simt Managed VolatilityPairCorr
  0.61SUSAX Siit Ultra ShortPairCorr
  0.75SDGFX Sdit Short DurationPairCorr
  0.99SVAYX Simt Large CapPairCorr
  1.0SDYAX Simt Dynamic AssetPairCorr
  0.94SVOAX Simt Managed VolatilityPairCorr
  1.0SDYYX Simt Dynamic AssetPairCorr
  1.0SEAIX Saat Aggressive StrategyPairCorr
  0.68SVTAX Simt Global ManagedPairCorr

Moving against Simt Mutual Fund

  0.35SEATX Stet Tax AdvantagedPairCorr

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.