Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PIFIX Fund  USD 12.85  0.01  0.08%   
The current 90-days correlation between Strategic Asset Mana and Allianzgi Technology Fund is -0.1 (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

Poor diversification

The correlation between Strategic Asset Management and DJI is 0.79 (i.e., Poor 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

  0.96SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.96SAGPX Strategic Asset ManaPairCorr
  1.0PFIJX Strategic Asset ManaPairCorr
  0.98PFIEX International EquityPairCorr
  0.88PFIFX Strategic Asset ManaPairCorr
  0.95PFISX International Small PanyPairCorr
  1.0PFIPX Strategic Asset ManaPairCorr
  0.97SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  1.0SAUPX Strategic Asset ManaPairCorr
  0.94PFUMX Finisterre UnconstrainedPairCorr
  0.65PGBAX Global Diversified IncomePairCorr
  0.64PGBLX Global Diversified IncomePairCorr
  0.84PGBEX Blue Chip FundPairCorr
  0.84PGBGX Blue Chip FundPairCorr
  0.84PGBHX Blue Chip FundPairCorr
  0.61PGDIX Global Diversified IncomePairCorr
  0.75PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.9STCCX Short Term IncomePairCorr
  0.97PGRTX Smallcap GrowthPairCorr
  0.72PGRUX Global Real EstatePairCorr
  0.7PGSLX Principal Global SusPairCorr
  0.96SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX Strategic Asset ManaPairCorr
  0.95SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  1.0PHJFX Principal Lifetime HybridPairCorr
  0.86PHJGX Principal Lifetime HybridPairCorr
  0.99PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  0.99PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.99PHJJX Principal Lifetime HybridPairCorr
  1.0PHJMX Principal Lifetime HybridPairCorr
  0.99PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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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