Simt Multi-asset Correlations

Mutual Funds . USA . 
Fund . Simt Multi Asset Accumulation
SAAAX Fund  USD 7.24  0.01  0.14%   
The current 90-days correlation between Simt Multi Asset and Specialized Technology Fund is 0.7 (i.e., Poor diversification). The correlation of Simt Multi-asset 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 Multi-asset Correlation With Market

Poor diversification

The correlation between Simt Multi Asset Accumulation and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Multi Asset Accumulation 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 Multi Asset Accumulation. 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

  0.97SRWAX Saat Market GrowthPairCorr
  0.69SSEAX Siit Screened WorldPairCorr
  0.96SSGAX Saat Aggressive StrategyPairCorr
  0.96SASDX Saat Aggressive StrategyPairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.61STAYX Stet Tax AdvantagedPairCorr
  0.65STDAX Saat Defensive StrategyPairCorr
  0.66STLYX Simt Tax ManagedPairCorr
  0.79STVYX Simt Tax ManagedPairCorr
  0.95SCMSX Saat E MarketPairCorr
  0.94SCLAX Simt Multi AssetPairCorr
  0.89SUSYX Simt Managed VolatilityPairCorr
  0.88SVAYX Simt Large CapPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.68SVSAX 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 Multi-asset 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 Multi-asset'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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