Simt Small Correlations

Mutual Funds . USA . 
Fund . Simt Small Cap
SPWIX Fund  USD 33.27  0.02  0.06%   
The current 90-days correlation between Simt Small Cap and Ab Small Cap is 0.84 (i.e., Very poor diversification). The correlation of Simt Small 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 Small Correlation With Market

Very weak diversification

The correlation between Simt Small Cap 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 Small Cap 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 Small Cap. 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 gross domestic product.

Moving together with Simt Mutual Fund

  0.79SRWAX Saat Market GrowthPairCorr
  1.0SSCGX Simt Small CapPairCorr
  0.83SSGAX Saat Aggressive StrategyPairCorr
  0.83SASDX Saat Aggressive StrategyPairCorr
  0.96SSMAX Siit Small MidPairCorr
  0.91SSPIX Simt Sp 500PairCorr
  0.61SSTDX Saat Servative StrategyPairCorr
  0.87STLYX Simt Tax ManagedPairCorr
  0.89STMPX Simt Tax ManagedPairCorr
  0.89STMSX Simt Tax ManagedPairCorr
  0.73STVYX Simt Tax ManagedPairCorr
  0.71SCMSX Saat E MarketPairCorr
  0.61SCLAX Simt Multi AssetPairCorr
  0.84SCPAX Siit Large CapPairCorr
  0.82SUSYX Simt Managed VolatilityPairCorr
  0.79SDLAX Siit Dynamic AssetPairCorr
  0.85SVAYX Simt Large CapPairCorr
  0.93SDYAX Simt Dynamic AssetPairCorr
  0.82SVOAX Simt Managed VolatilityPairCorr
  0.93SDYYX Simt Dynamic AssetPairCorr
  0.62SVSAX Saat Servative StrategyPairCorr
  0.83SEAIX 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 Small 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 Small'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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