Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SACAX Fund  USD 23.77  0.03  0.13%   
The current 90-days correlation between Strategic Asset Mana and Bbh Intermediate Municipal is 0.02 (i.e., Significant 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 poor diversification

The correlation between Strategic Asset Management and DJI is 0.85 (i.e., Very 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 World Market Map 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 various price indices.

Moving together with Strategic Mutual Fund

  0.96PFIFX Strategic Asset ManaPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.92PIIIX Diversified InternationalPairCorr
  0.98PLCGX Largecap GrowthPairCorr
  0.92PLFMX Largecap Sp 500PairCorr
  0.98PLFTX Principal Lifetime HybridPairCorr
  0.98PLGAX Largecap GrowthPairCorr
  0.94PLLAX Smallcap Fund FkaPairCorr
  0.97PLMTX Principal Lifetime HybridPairCorr
  0.97PLTHX Principal Lifetime HybridPairCorr
  1.0PLTJX Principal Lifetime 2030PairCorr
  1.0PLTZX Principal Lifetime 2060PairCorr
  1.0PLWIX Principal Lifetime 2020PairCorr
  0.97PLZTX Principal Lifetime HybridPairCorr
  0.98PMAPX Midcap Sp 400PairCorr
  0.89PMBMX Midcap Fund RPairCorr
  0.87PMDDX Small Midcap DividendPairCorr
  0.91PNARX Preferred SecuritiesPairCorr
  0.99CMNWX Principal CapitalPairCorr
  0.91PPARX Preferred SecuritiesPairCorr
  0.9PPSJX Preferred SecuritiesPairCorr
  0.84PRDAX Diversified Real AssetPairCorr
  0.94PSBMX Smallcap Fund FkaPairCorr
  0.93PSBPX Smallcap Fund FkaPairCorr
  0.99PSIJX Smallcap GrowthPairCorr
  1.0LTFIX Principal Lifetime 2055PairCorr
  0.98PSSIX Smallcap Sp 600PairCorr
  1.0PTCMX Principal Lifetime 2030PairCorr
  1.0PTCPX Principal Lifetime 2030PairCorr

Moving against Strategic Mutual Fund

  0.69ERH Allspring Utilities AndPairCorr

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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