Simt Mid Correlations

Mutual Funds . USA . 
Fund . Simt Mid Cap
SIPIX Fund  USD 31.07  0.17  0.54%   
The current 90-days correlation between Simt Mid Cap and Simt Mid Cap is 1.0 (i.e., No risk reduction). The correlation of Simt Mid 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 Mid Correlation With Market

Good diversification

The correlation between Simt Mid Cap and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Mid 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 Mid 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

  0.73SSCGX Simt Small CapPairCorr
  0.7SSEAX Siit Screened WorldPairCorr
  0.74SSMAX Siit Small MidPairCorr
  0.92TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.69STAYX Stet Tax AdvantagedPairCorr
  0.94SCLAX Simt Multi AssetPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.92SCYYX Stet California MunicipalPairCorr
  0.74SUSYX Simt Managed VolatilityPairCorr
  0.7SDGFX Sdit Short DurationPairCorr
  0.74SVOAX Simt Managed VolatilityPairCorr
  0.94SVSAX 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 Mid 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 Mid'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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