Simt Sp Correlations

SSPIX Fund  USD 100.38  0.34  0.34%   
The current 90-days correlation between Simt Sp 500 and Simt Small Cap is 0.96 (i.e., Almost no diversification). The correlation of Simt Sp 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 Sp Correlation With Market

Almost no diversification

The correlation between Simt Sp 500 and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Sp 500 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 Sp 500. 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

  0.94SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.99SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.99SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.92TFCYX Tax Free ConservativePairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.77SBDAX Stet California MunicipalPairCorr
  0.9STDAX Saat Defensive StrategyPairCorr
  0.91ENIAX Siit Opportunistic IncomePairCorr
  1.0STLYX Simt Tax ManagedPairCorr
  0.99STMPX Simt Tax ManagedPairCorr
  0.99STMSX Simt Tax ManagedPairCorr
  0.96STVYX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.93SCLAX Simt Multi AssetPairCorr
  1.0SCPAX Siit Large CapPairCorr
  0.78SCYYX Stet California MunicipalPairCorr
  0.87SUMAX Stet Short DurationPairCorr
  0.97SUSYX Simt Managed VolatilityPairCorr
  0.89SUSAX Siit Ultra ShortPairCorr
  0.7SDGFX Sdit Short DurationPairCorr
  1.0SDLAX Siit Dynamic AssetPairCorr
  0.99SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.97SVOAX Simt Managed VolatilityPairCorr
  1.0SDYYX Simt Dynamic AssetPairCorr
  0.96SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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