Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PFIPX Fund  USD 12.17  0.02  0.16%   
The current 90-days correlation between Strategic Asset Mana and Fidelity Asset Manager is 0.94 (i.e., Almost no 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

Significant diversification

The correlation between Strategic Asset Management and DJI is 0.05 (i.e., Significant 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 american community survey.

Moving together with Strategic Mutual Fund

  0.9PFIJX Strategic Asset ManaPairCorr
  0.9PFILX Strategic Asset ManaPairCorr
  0.9PFIFX Strategic Asset ManaPairCorr
  0.99PFIGX Strategic Asset ManaPairCorr
  0.68PFISX International Small PanyPairCorr
  0.74SAIPX Strategic Asset ManaPairCorr
  0.65PXASX Principal Lifetime 2030PairCorr
  0.61PFRSX Real Estate SecuritiesPairCorr
  0.9SAUPX Strategic Asset ManaPairCorr
  0.79PFUMX Finisterre UnconstrainedPairCorr
  0.93PGBAX Global Diversified IncomePairCorr
  0.94PGBLX Global Diversified IncomePairCorr
  0.93PGDCX Global Diversified IncomePairCorr
  0.94PGDIX Global Diversified IncomePairCorr
  0.79STCCX Short Term IncomePairCorr
  0.69PGRUX Global Real EstatePairCorr
  0.68PGRVX Global Real EstatePairCorr
  0.79PGSLX Principal Global SusPairCorr
  0.68PGRKX Global Real EstatePairCorr
  0.9PYHIX High Yield FundPairCorr
  0.85SCIPX Strategic Asset ManaPairCorr
  0.85PHJFX 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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