Simt High Correlations

Mutual Funds . USA . 
Fund . Simt High Yield
SEIYX Fund  USD 5.13  0.01  0.20%   
The current 90-days correlation between Simt High Yield and Vanguard Target Retirement is 0.43 (i.e., Very weak diversification). The correlation of Simt High 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 High Correlation With Market

Very weak diversification

The correlation between Simt High Yield and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield 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 High Yield. 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

  0.8SAAAX Simt Multi AssetPairCorr
  0.75SRWAX Saat Market GrowthPairCorr
  0.82SRYRX Simt Real ReturnPairCorr
  0.82SSEAX Siit Screened WorldPairCorr
  0.74SSGAX Saat Aggressive StrategyPairCorr
  0.72SASDX Saat Aggressive StrategyPairCorr
  0.82TFCAX Tax Free ConservativePairCorr
  0.84TFCYX Tax Free ConservativePairCorr
  0.91SSTDX Saat Servative StrategyPairCorr
  0.79SBDAX Stet California MunicipalPairCorr
  0.86STAYX Stet Tax AdvantagedPairCorr
  0.89STDAX Saat Defensive StrategyPairCorr
  0.86ENIAX Siit Opportunistic IncomePairCorr
  0.75SCFYX Simt E FixedPairCorr
  0.88SCMSX Saat E MarketPairCorr
  0.61SCLAX Simt Multi AssetPairCorr
  0.75CFVAX Catholic Values FixedPairCorr
  0.76SCOAX Siit E FixedPairCorr
  0.76CFVYX Catholic Values FixedPairCorr
  0.74SCXIX Sei Insti MgdPairCorr
  0.81SCYYX Stet California MunicipalPairCorr
  0.85SUMAX Stet Short DurationPairCorr
  0.81SUSAX Siit Ultra ShortPairCorr
  0.78SDGFX Sdit Short DurationPairCorr
  0.9SVSAX Saat Servative StrategyPairCorr
  0.73SEAIX 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 High 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 High'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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