Simt Multi-asset Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Capital
SMLYX Fund  USD 10.06  0.01  0.1%   
The current 90-days correlation between Simt Multi Asset and Ivy Natural Resources is -0.22 (i.e., Very good diversification). The correlation of Simt Multi-asset 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 Multi-asset Correlation With Market

Very weak diversification

The correlation between Simt Multi Asset Capital and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Capital 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 Multi Asset Capital. 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

  0.98SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.79SRYRX Simt Real ReturnPairCorr
  0.9SSCGX Simt Small CapPairCorr
  0.94SSEAX Siit Screened WorldPairCorr
  0.86SSGAX Saat Aggressive StrategyPairCorr
  0.85SASDX Saat Aggressive StrategyPairCorr
  0.87SSMAX Siit Small MidPairCorr
  0.93TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.84SBDAX Stet California MunicipalPairCorr
  0.9STDAX Saat Defensive StrategyPairCorr
  0.98ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.89STMPX Simt Tax ManagedPairCorr
  0.89STMSX Simt Tax ManagedPairCorr
  0.89STVYX Simt Tax ManagedPairCorr
  0.72SCFYX Simt E FixedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  1.0SCLAX Simt Multi AssetPairCorr
  0.7CFVAX Catholic Values FixedPairCorr
  0.73SCOAX Siit E FixedPairCorr
  0.72SCXIX Sei Insti MgdPairCorr
  0.95SCYYX Stet California MunicipalPairCorr
  0.97SUMAX Stet Short DurationPairCorr
  0.83SUSYX Simt Managed VolatilityPairCorr
  0.95SUSAX Siit Ultra ShortPairCorr
  0.9SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.83SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.31STAYX Stet Tax AdvantagedPairCorr
  0.41SEATX 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 Multi-asset 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 Multi-asset'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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