Simt Sp Correlations

Mutual Funds . USA . 
Fund . Simt Sp 500
SSPIX Fund  USD 102.06  0.07  0.07%   
The current 90-days correlation between Simt Sp 500 and Simt Small Cap is 0.89 (i.e., Very poor diversification). The correlation of Simt Sp 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 Sp Correlation With Market

Almost no diversification

The correlation between Simt Sp 500 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 Sp 500 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 Sp 500. 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 gross domestic product.

Moving together with Simt Mutual Fund

  0.99SRWAX Saat Market GrowthPairCorr
  0.98SSCGX Simt Small CapPairCorr
  0.98SSEAX Siit Screened WorldPairCorr
  0.97SSMAX Siit Small MidPairCorr
  0.94TFCAX Tax Free ConservativePairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.94SBDAX Stet California MunicipalPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.96STMSX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.96SCLAX Simt Multi AssetPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.95SCYYX Stet California MunicipalPairCorr
  0.92SUSYX Simt Managed VolatilityPairCorr
  0.91SUSAX Siit Ultra ShortPairCorr
  0.79SDGFX Sdit Short DurationPairCorr
  0.99SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.99SDYAX Simt Dynamic AssetPairCorr
  0.99SDYYX Simt Dynamic AssetPairCorr
  1.0SEAIX Saat Aggressive StrategyPairCorr
  0.88SVTAX Simt Global ManagedPairCorr
  0.94SEDIX Saat Defensive StrategyPairCorr
  0.99SECAX Siit Small CapPairCorr
  0.95SEDAX Siit Emerging MarketsPairCorr
  0.96SEEIX Sei Instit InternationalPairCorr
  0.95SEFCX Sit International EquityPairCorr
  0.98SEHAX Siit Equity FactorPairCorr
  0.76SEIRX Simt Real EstatePairCorr
  0.95SEITX Sit International EquityPairCorr
  0.81SEIMX Stet Intermediate TermPairCorr
  0.97SEIYX Simt High YieldPairCorr
  0.96SEMCX Simt Mid CapPairCorr
  1.0SELCX Simt Large CapPairCorr
  0.94SENYX Stet New YorkPairCorr
  0.98SEQFX Sit Emerging MarketsPairCorr
  0.95SEPAX Stet PennsylvaniaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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