Simt Sp Correlations

Mutual Funds . USA . 
Fund . Simt Sp 500
SSPIX Fund  USD 101.13  0.14  0.14%   
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 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt 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

  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.95SBDAX Stet California MunicipalPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.91SUSAX Siit Ultra ShortPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  1.0SEAIX Saat Aggressive StrategyPairCorr
  0.9SVTAX Simt Global ManagedPairCorr
  0.94SEDIX Saat Defensive StrategyPairCorr
  0.99SECAX Siit Small CapPairCorr
  0.96SEDAX Siit Emerging MarketsPairCorr
  0.97SEEIX Sei Instit InternationalPairCorr
  0.98SEHAX Siit Equity FactorPairCorr
  0.78SEIRX Simt Real EstatePairCorr
  0.96SEITX Sit International EquityPairCorr
  0.97SEIYX Simt High YieldPairCorr
  1.0SELCX Simt Large CapPairCorr
  0.97AAEZX Enhanced Fixed IncomePairCorr
  0.98SXMAX Saat Moderate StrategyPairCorr
  0.93SGMAX Siit Global ManagedPairCorr
  0.97SGYAX Siit High YieldPairCorr
  0.97SHYAX Simt High YieldPairCorr
  1.0SISAX Saat Tax ManagedPairCorr
  0.95SITEX Sit Emerging MarketsPairCorr
  1.0SKTAX Saat E MarketPairCorr
  0.96SMAAX Aig Government MoneyPairCorr
  0.99SMYFX Simt Small CapPairCorr
  0.99LCIAX Siit Large CapPairCorr
  0.75TCSGX Sdit Short DurationPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr

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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