Simt Tax-managed Correlations

Mutual Funds . USA . 
Fund . Simt Tax Managed Managed
TMMAX Fund  USD 17.95  0.03  0.17%   
The current 90-days correlation between Simt Tax Managed and Simt Tax Managed Large is 0.8 (i.e., Very poor diversification). The correlation of Simt Tax-managed 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 Tax-managed Correlation With Market

Very good diversification

The correlation between Simt Tax Managed Managed and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Tax Managed Managed 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 Tax Managed Managed. 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 nation.

Moving together with Simt Mutual Fund

  0.85SAAAX Simt Multi AssetPairCorr
  0.95SRWAX Saat Market GrowthPairCorr
  0.76SSCGX Simt Small CapPairCorr
  0.76SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.75SSMAX Siit Small MidPairCorr
  0.72TFCAX Tax Free ConservativePairCorr
  0.73TFCYX Tax Free ConservativePairCorr
  0.75SSPIX Simt Sp 500PairCorr
  0.76SSTDX Saat Servative StrategyPairCorr
  0.9SBDAX Stet California MunicipalPairCorr
  0.87STDAX Saat Defensive StrategyPairCorr
  0.87ENIAX Siit Opportunistic IncomePairCorr
  0.95STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  1.0STVYX Simt Tax ManagedPairCorr
  0.94SCMSX Saat E MarketPairCorr
  0.91SCLAX Simt Multi AssetPairCorr
  0.95SCPAX Siit Large CapPairCorr
  0.9SCYYX Stet California MunicipalPairCorr
  0.9SUMAX Stet Short DurationPairCorr
  0.79SUSYX Simt Managed VolatilityPairCorr
  0.71SUSAX Siit Ultra ShortPairCorr
  0.63SDGFX Sdit Short DurationPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.79SVOAX Simt Managed VolatilityPairCorr
  0.94SDYYX Simt Dynamic AssetPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.95SEAIX 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 Tax-managed 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 Tax-managed'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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