Simt Global Correlations

SGLYX Fund  USD 10.58  0.02  0.19%   
The current 90-days correlation between Simt Global Managed and Simt Multi Asset Income is 0.78 (i.e., Poor diversification). The correlation of Simt Global 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 Global Correlation With Market

Significant diversification

The correlation between Simt Global Managed and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt Global 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 Global 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 manufacturing.

Moving together with Simt Mutual Fund

  0.78SAAAX Simt Multi AssetPairCorr
  0.85SRWAX Saat Market GrowthPairCorr
  0.72SRYRX Simt Real ReturnPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.74SSGAX Saat Aggressive StrategyPairCorr
  0.72SASDX Saat Aggressive StrategyPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.79TFCYX Tax Free ConservativePairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.78SBDAX Stet California MunicipalPairCorr
  0.76STAYX Stet Tax AdvantagedPairCorr
  0.93STDAX Saat Defensive StrategyPairCorr
  0.9ENIAX Siit Opportunistic IncomePairCorr
  0.97STVYX Simt Tax ManagedPairCorr
  0.84SCFYX Simt E FixedPairCorr
  0.91SCMSX Saat E MarketPairCorr
  0.92SCLAX Simt Multi AssetPairCorr
  0.77CFVAX Catholic Values FixedPairCorr
  0.84SCOAX Siit E FixedPairCorr
  0.77CFVYX Catholic Values FixedPairCorr
  0.83SCXIX Sei Insti MgdPairCorr
  0.72SCYYX Stet California MunicipalPairCorr
  0.89SUSYX Simt Managed VolatilityPairCorr
  0.8SUSAX Siit Ultra ShortPairCorr
  0.79SDGFX Sdit Short DurationPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.73SEAIX Saat Aggressive StrategyPairCorr
  0.85SEATX Stet Tax AdvantagedPairCorr

Moving against Simt Mutual Fund

  0.33SSMAX Siit Small MidPairCorr
  0.33STMPX Simt Tax ManagedPairCorr
  0.33STMSX Simt Tax ManagedPairCorr
  0.35SECAX 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   
SEFCXSLIYX
SCFYXSLIYX
SEFCXSEQFX
SEFCXSCFYX
SEQFXSLIYX
SCFYXSEQFX
  
High negative correlations   
SSPIXSCFYX
SSPIXSEFCX
SSPIXSLIYX
SSPIXSEQFX

Risk-Adjusted Indicators

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