Simt Core Correlations

Mutual Funds . USA . 
Fund . Simt E Fixed
SCFYX Fund  USD 9.49  0.04  0.42%   
The current 90-days correlation between Simt E Fixed and Sit Emerging Markets is 0.04 (i.e., Significant diversification). The correlation of Simt Core 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 Core Correlation With Market

Good diversification

The correlation between Simt E Fixed and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt E Fixed 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 E Fixed. 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

  0.7SAAAX Simt Multi AssetPairCorr
  0.66SRYRX Simt Real ReturnPairCorr
  0.61TFCAX Tax Free ConservativePairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.62SSTDX Saat Servative StrategyPairCorr
  0.68SBDAX Stet California MunicipalPairCorr
  0.65SCLAX Simt Multi AssetPairCorr
  0.99CFVAX Catholic Values FixedPairCorr
  0.89SCOAX Siit E FixedPairCorr
  0.88CFVYX Catholic Values FixedPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.69SCYYX Stet California MunicipalPairCorr
  0.64SUMAX Stet Short DurationPairCorr
  0.67SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.62SVSAX Saat Servative StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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