Simt Core Correlations

Mutual Funds . USA . 
Fund . Simt E Fixed
SCFYX Fund  USD 9.57  0.01  0.10%   
The current 90-days correlation between Simt E Fixed and Sit Emerging Markets is -0.11 (i.e., Good diversification). The correlation of Simt Core 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 Core Correlation With Market

Average diversification

The correlation between Simt E Fixed and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt E Fixed 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 E Fixed. 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 manufacturing.

Moving together with Simt Mutual Fund

  0.9SRYRX Simt Real ReturnPairCorr
  0.83SSEAX Siit Screened WorldPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.74TFCYX Tax Free ConservativePairCorr
  0.9SSTDX Saat Servative StrategyPairCorr
  0.82SBDAX Stet California MunicipalPairCorr
  0.84STAYX Stet Tax AdvantagedPairCorr
  0.81STDAX Saat Defensive StrategyPairCorr
  0.78ENIAX Siit Opportunistic IncomePairCorr
  0.64SCMSX Saat E MarketPairCorr
  0.96CFVAX Catholic Values FixedPairCorr
  0.96SCOAX Siit E FixedPairCorr
  0.95CFVYX Catholic Values FixedPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.84SCYYX Stet California MunicipalPairCorr
  0.88SUMAX Stet Short DurationPairCorr
  0.82SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.9SVSAX Saat Servative StrategyPairCorr

Moving against Simt Mutual Fund

  0.57SSCGX Simt Small CapPairCorr
  0.43SSMAX Siit Small MidPairCorr
  0.42SECAX Siit Small CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SGLYX
+ 0.9
SEFCX
SEFCX
+ 0.88
SEQFX
SEFCX
+ 0.88
SLIYX
SLIYX
+ 0.81
SEQFX
SGLYX
+ 0.73
SEQFX
SGLYX
+ 0.69
SLIYX
  
High negative correlations   
SSPIX
- 0.27
SLIYX
SSPIX
- 0.04
SEQFX

Risk-Adjusted Indicators

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