Simt Sp Correlations

Mutual Funds . USA . 
Fund . Simt Sp 500
SSPIX Fund  USD 102.47  0.41  0.40%   
The current 90-days correlation between Simt Sp 500 and Simt Small Cap is 0.87 (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

Good diversification

The correlation between Simt Sp 500 and DJI is -0.12 (i.e., Good 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

  0.92SAAAX Simt Multi AssetPairCorr
  0.68SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.94SSTDX Saat Servative StrategyPairCorr
  0.92SBDAX Stet California MunicipalPairCorr
  0.97STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  1.0STLYX Simt Tax ManagedPairCorr
  0.97STMPX Simt Tax ManagedPairCorr
  0.96STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.96SCLAX Simt Multi AssetPairCorr
  0.92SCYYX Stet California MunicipalPairCorr
  0.92SUSYX Simt Managed VolatilityPairCorr
  0.78SDGFX Sdit Short DurationPairCorr
  0.99SVAYX Simt Large CapPairCorr
  1.0SDYAX Simt Dynamic AssetPairCorr
  0.92SVOAX Simt Managed VolatilityPairCorr
  1.0SDYYX Simt Dynamic AssetPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr
  0.8SVTAX Simt Global ManagedPairCorr

Moving against Simt Mutual Fund

  0.36STAYX Stet Tax AdvantagedPairCorr
  0.36SEATX 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 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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