Simt Real Correlations

Mutual Funds . USA . 
Fund . Simt Real Estate
SEIRX Fund  USD 16.09  0.05  0.31%   
The current 90-days correlation between Simt Real Estate and Vanguard Reit Index is -0.11 (i.e., Good diversification). The correlation of Simt Real 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 Real Correlation With Market

Very poor diversification

The correlation between Simt Real Estate and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Real Estate 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 Real Estate. 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 metropolitan statistical area.

Moving together with Simt Mutual Fund

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  0.62DOUG Douglas EllimanPairCorr
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  0.87VNO-PM Vornado Realty TrustPairCorr
  0.86VNO-PN Vornado Realty TrustPairCorr
  0.8VNO-PO Vornado Realty TrustPairCorr
  0.84MITT-PA AG Mortgage InvestmentPairCorr
  0.9MITT-PB AG Mortgage InvestmentPairCorr
  0.84MITT-PC AG Mortgage InvestmentPairCorr
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Related Correlations Analysis

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Risk-Adjusted Indicators

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