Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PFIJX Fund  USD 12.09  0.04  0.33%   
The current 90-days correlation between Strategic Asset Mana and Multisector Bond Sma is 0.19 (i.e., Average diversification). The correlation of Strategic Asset 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.

Strategic Asset Correlation With Market

Very weak diversification

The correlation between Strategic Asset Management and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Strategic Asset Management. 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 inflation.

Moving together with Strategic Mutual Fund

  0.73SABPX Strategic Asset ManaPairCorr
  0.74SACAX Strategic Asset ManaPairCorr
  0.67SAGPX Strategic Asset ManaPairCorr
  0.64PFIEX International EquityPairCorr
  1.0PFIFX Strategic Asset ManaPairCorr
  0.74PFISX International Small PanyPairCorr
  1.0PFIPX Strategic Asset ManaPairCorr
  0.92SAIPX Strategic Asset ManaPairCorr
  0.75PFLJX Principal Lifetime 2050PairCorr
  0.7PFPPX Midcap GrowthPairCorr
  0.99SAUPX Strategic Asset ManaPairCorr
  0.92PGBAX Global Diversified IncomePairCorr
  0.79PGBLX Global Diversified IncomePairCorr
  0.88PGBEX Blue Chip FundPairCorr
  0.88PGBGX Blue Chip FundPairCorr
  0.89PGBHX Blue Chip FundPairCorr
  0.94PGDCX Global Diversified IncomePairCorr
  0.9PGDIX Global Diversified IncomePairCorr
  0.61PGDRX Diversified Real AssetPairCorr
  0.75PGRTX Smallcap GrowthPairCorr
  0.62PYHIX High Yield FundPairCorr
  0.7PGWIX Midcap GrowthPairCorr
  0.72SCBPX Strategic Asset ManaPairCorr
  0.91SCIPX Strategic Asset ManaPairCorr
  0.7SCGPX Strategic Asset ManaPairCorr
  0.96PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.95PHJGX Principal Lifetime HybridPairCorr
  0.95PHJBX Principal Lifetime HybridPairCorr
  0.95PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Asset 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 Strategic Asset'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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