Simt Large Correlations

Mutual Funds . USA . 
Fund . Simt Large Cap
SEUIX Fund  USD 28.84  0.11  0.38%   
The current 90-days correlation between Simt Large Cap and Cmg Ultra Short is 0.17 (i.e., Average diversification). The correlation of Simt Large 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 Large Correlation With Market

Good diversification

The correlation between Simt Large Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Large Cap 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 Large Cap. 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

  0.71SAAAX Simt Multi AssetPairCorr
  0.76SRWAX Saat Market GrowthPairCorr
  0.77SSEAX Siit Screened WorldPairCorr
  0.76SSGAX Saat Aggressive StrategyPairCorr
  0.76SASDX Saat Aggressive StrategyPairCorr
  0.72SSPIX Simt Sp 500PairCorr
  0.66STAYX Stet Tax AdvantagedPairCorr
  0.78STLYX Simt Tax ManagedPairCorr
  0.64SCFYX Simt E FixedPairCorr
  0.76SCMSX Saat E MarketPairCorr
  0.64SCOAX Siit E FixedPairCorr
  0.76SCPAX Siit Large CapPairCorr
  0.63SUSAX Siit Ultra ShortPairCorr
  0.76SDLAX Siit Dynamic AssetPairCorr
  0.76SEAIX Saat Aggressive StrategyPairCorr
  0.71SEDIX Saat Defensive StrategyPairCorr
  0.64SECAX Siit Small CapPairCorr
  0.72SEDAX Siit Emerging MarketsPairCorr
  0.66SEEIX Sei Instit InternationalPairCorr
  0.66SEFCX Sit International EquityPairCorr
  0.8SEHAX Siit Equity FactorPairCorr
  0.78SEIYX Simt High YieldPairCorr
  0.84SEMCX Simt Mid CapPairCorr
  0.66SELCX Simt Large CapPairCorr
  0.71SEQFX Sit Emerging MarketsPairCorr
  0.75AAEZX Enhanced Fixed IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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