Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SSCGX Fund  USD 34.59  0.34  0.97%   
The current 90-days correlation between Simt Small Cap and Principal Lifetime Hybrid is 0.92 (i.e., Almost no diversification). The correlation of Simt Small 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 Small Correlation With Market

Almost no diversification

The correlation between Simt Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small 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 Small 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 price.

Moving together with Simt Mutual Fund

  0.88SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.98SSGAX Saat Aggressive StrategyPairCorr
  0.98SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.91TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  0.93SSTDX Saat Servative StrategyPairCorr
  0.91SBDAX Stet California MunicipalPairCorr
  0.92STDAX Saat Defensive StrategyPairCorr
  0.92ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.95STMPX Simt Tax ManagedPairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.97SCMSX Saat E MarketPairCorr
  0.92SCLAX Simt Multi AssetPairCorr
  0.99SCPAX Siit Large CapPairCorr
  0.93SCYYX Stet California MunicipalPairCorr
  0.92SUMAX Stet Short DurationPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.87SUSAX Siit Ultra ShortPairCorr
  0.72SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.94SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX 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 Small 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 Small'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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