Strategic Asset Correlations

PIFIX Fund

USD 12.17 0.06 0.49%

The current 90-days correlation between Strategic Asset Mana and T Rowe Price is -0.03 (i.e., Good 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 0.49 (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 gross domestic product.

Moving together with Strategic Mutual Fund

1.0	PFIJX	Strategic Asset Mana	Pair Corr
0.85	PFIEX	International Equity	Pair Corr
1.0	PFIFX	Strategic Asset Mana	Pair Corr
0.9	PFISX	International Small Pany	Pair Corr
0.93	PFIPX	Strategic Asset Mana	Pair Corr
0.83	SAIPX	Strategic Asset Mana	Pair Corr
0.68	PFLJX	Principal Lifetime 2050	Pair Corr
0.71	PFRSX	Real Estate Securities	Pair Corr
0.94	SAUPX	Strategic Asset Mana	Pair Corr
0.67	PFUMX	Finisterre Unconstrained	Pair Corr
0.85	PGBAX	Global Diversified Income	Pair Corr
0.83	PGBLX	Global Diversified Income	Pair Corr
0.85	PGDCX	Global Diversified Income	Pair Corr
0.83	PGDIX	Global Diversified Income	Pair Corr
0.86	PGDRX	Diversified Real Asset	Pair Corr
0.73	STCCX	Short Term Income	Pair Corr
0.81	PGRUX	Global Real Estate	Pair Corr
0.61	PGSLX	Principal Global Sus	Pair Corr
0.8	PGRKX	Global Real Estate	Pair Corr
0.65	PYHIX	High Yield Fund	Pair Corr
0.63	SCBPX	Strategic Asset Mana	Pair Corr
0.81	SCIPX	Strategic Asset Mana	Pair Corr
0.81	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.77	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.77	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.77	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.87	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.88	PHJQX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	TRBCX	GABFX	HBAIX	PLKTX	GMLVX	JAAIX
TRBCX		-0.19	0.41	0.6	0.4	0.28	TRBCX
GABFX	-0.19		0.46	0.58	0.45	0.26	GABFX
HBAIX	0.41	0.46		0.81	0.84	0.8	HBAIX
PLKTX	0.6	0.58	0.81		0.7	0.6	PLKTX
GMLVX	0.4	0.45	0.84	0.7		0.72	GMLVX
JAAIX	0.28	0.26	0.8	0.6	0.72		JAAIX
	TRBCX	GABFX	HBAIX	PLKTX	GMLVX	JAAIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GMLVX	+ 0.84	HBAIX
PLKTX	+ 0.81	HBAIX
JAAIX	+ 0.8	HBAIX
JAAIX	+ 0.72	GMLVX
GMLVX	+ 0.7	PLKTX
PLKTX	+ 0.6	TRBCX

High negative correlations

GABFX

- 0.19

TRBCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRBCX	0.97	(0.07)	0.00	0.22	0.00	0.00	1.78	(2.66)	5.59
GABFX	0.78	0.00	0.09	(0.06)	0.86	(0.92)	1.81	(1.36)	4.45
HBAIX	0.39	0.03	0.10	0.00	0.58	(0.37)	0.77	(0.90)	2.45
PLKTX	0.58	(0.06)	0.00	0.33	0.00	0.00	1.06	(1.34)	3.50
GMLVX	0.63	0.07	0.12	0.16	0.81	(0.67)	1.15	(1.54)	3.61
JAAIX	0.15	0.00	0.30	(0.34)	0.13	(0.21)	0.31	(0.25)	1.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC