Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SSCGX Fund  USD 37.87  0.69  1.86%   
The current 90-days correlation between Simt Small Cap and Blrc Sgy Mnp is 0.03 (i.e., Significant diversification). The correlation of Simt Small 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 Small Correlation With Market

Very poor diversification

The correlation between Simt Small Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Small 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 Small 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 rate.

Moving together with Simt Mutual Fund

  0.92SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.91SRYRX Simt Real ReturnPairCorr
  0.9SSEAX Siit Screened WorldPairCorr
  0.97SSGAX Saat Aggressive StrategyPairCorr
  0.97SASDX Saat Aggressive StrategyPairCorr
  0.89SSMAX Siit Small MidPairCorr
  0.86TFCAX Tax Free ConservativePairCorr
  0.86TFCYX Tax Free ConservativePairCorr
  0.94SSPIX Simt Sp 500PairCorr
  0.95SSTDX Saat Servative StrategyPairCorr
  0.9SBDAX Stet California MunicipalPairCorr
  0.83STAYX Stet Tax AdvantagedPairCorr
  0.94STDAX Saat Defensive StrategyPairCorr
  0.92ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.96STMPX Simt Tax ManagedPairCorr
  0.96STMSX Simt Tax ManagedPairCorr
  0.88STVYX Simt Tax ManagedPairCorr
  0.86SCFYX Simt E FixedPairCorr
  0.96SCMSX Saat E MarketPairCorr
  0.95SCLAX Simt Multi AssetPairCorr
  0.86CFVAX Catholic Values FixedPairCorr
  0.87SCOAX Siit E FixedPairCorr
  0.86CFVYX Catholic Values FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.87SCXIX Sei Insti MgdPairCorr
  0.91SCYYX Stet California MunicipalPairCorr
  0.9SUMAX Stet Short DurationPairCorr
  0.83SUSYX Simt Managed VolatilityPairCorr
  0.86SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.96SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.83SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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