Simt Global Correlations

Mutual Funds . USA . 
Fund . Simt Global Managed
SGLYX Fund  USD 10.66  0.09  0.85%   
The current 90-days correlation between Simt Global Managed and Simt Multi Asset Income is 0.42 (i.e., Very weak 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

Poor diversification

The correlation between Simt Global Managed and DJI is 0.68 (i.e., Poor 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

  0.9SRWAX Saat Market GrowthPairCorr
  0.82SSCGX Simt Small CapPairCorr
  0.61SSGAX Saat Aggressive StrategyPairCorr
  0.63SASDX Saat Aggressive StrategyPairCorr
  0.85SSMAX Siit Small MidPairCorr
  0.93SSPIX Simt Sp 500PairCorr
  0.79SBDAX Stet California MunicipalPairCorr
  0.82STAYX Stet Tax AdvantagedPairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.88STMPX Simt Tax ManagedPairCorr
  0.85STMSX Simt Tax ManagedPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.76SCFYX Simt E FixedPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.77CFVAX Catholic Values FixedPairCorr
  0.75SCOAX Siit E FixedPairCorr
  0.78CFVYX Catholic Values FixedPairCorr
  0.89SCPAX Siit Large CapPairCorr
  0.78SCXIX Sei Insti MgdPairCorr
  0.79SCYYX Stet California MunicipalPairCorr
  0.95SUSYX Simt Managed VolatilityPairCorr
  0.87SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  0.94SDYYX Simt Dynamic AssetPairCorr
  0.62SEAIX Saat Aggressive StrategyPairCorr

Moving against Simt Mutual Fund

  0.33ENIAX Siit Opportunistic IncomePairCorr
  0.36SECYX Sdit Ultra ShortPairCorr
  0.35SECPX Sdit Ultra ShortPairCorr

Related Correlations Analysis

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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.

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