Sa Emerging Correlations

SAEMX Fund

USD 9.82 0.01 0.10%

The current 90-days correlation between Sa Emerging Markets and Aqr Diversified Arbitrage is 0.02 (i.e., Significant diversification). The correlation of Sa Emerging 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.

Sa Emerging Correlation With Market

Modest diversification

The correlation between Sa Emerging Markets and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets 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 Sa Emerging Markets. 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 population.

Moving together with SAEMX Mutual Fund

0.93	SAISX	Sa International Small	Pair Corr
0.82	SAHMX	Sa International Value	Pair Corr
0.79	SAREX	Sa Real Estate	Pair Corr
0.69	SAWMX	Sa Worldwide Moderate	Pair Corr
0.97	VEMAX	Vanguard Emerging Markets	Pair Corr
0.97	VEIEX	Vanguard Emerging Markets	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.97	VEMRX	Vanguard Emerging Markets	Pair Corr
0.95	FWWNX	American Funds New	Pair Corr
0.95	FNFWX	American Funds New	Pair Corr
0.92	NEWFX	New World Fund	Pair Corr
0.95	NWFFX	New World Fund	Pair Corr
0.93	NEWCX	New World Fund	Pair Corr
0.97	ODVYX	Oppenheimer Developing	Pair Corr
0.65	PFHCX	Pacific Funds Small	Pair Corr
0.85	NHS	Neuberger Berman High	Pair Corr

Moving against SAEMX Mutual Fund

0.43	SAUFX	Sa Fixed Incme	Pair Corr
0.83	DHEYX	Diamond Hill Short	Pair Corr
0.82	LRRVX	Floating Rate	Pair Corr
0.81	USMSX	Jpmorgan Ultra Short	Pair Corr
0.8	AOUIX	Angel Oak Ultrashort	Pair Corr
0.8	GSFRX	Goldman Sachs High	Pair Corr
0.78	RSFLX	Victory Floating Rate	Pair Corr
0.72	CFDRX	Columbia Mid Cap	Pair Corr
0.71	CRTOX	Conquer Risk Tactical	Pair Corr
0.63	VMFXX	Vanguard Federal Money	Pair Corr
0.58	FSAVX	Automotive Portfolio	Pair Corr
0.55	VIGAX	Vanguard Growth Index	Pair Corr
0.47	ARDC	Ares Dynamic Credit	Pair Corr
0.45	HSUAX	Rational Defensive Growth	Pair Corr
0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.84	USIPX	Ubs Ultra Short	Pair Corr
0.79	AQMIX	Aqr Managed Futures	Pair Corr
0.78	BPTRX	Baron Partners	Pair Corr

Related Correlations Analysis

	QDARX	DSCPX	USCAX	PGBAX	FARIX	SRDAX	TRHBX
QDARX		-0.62	-0.26	-0.32	-0.31	-0.33	-0.29	QDARX
DSCPX	-0.62		0.84	0.58	0.72	-0.02	0.83	DSCPX
USCAX	-0.26	0.84		0.52	0.81	-0.49	0.96	USCAX
PGBAX	-0.32	0.58	0.52		0.62	-0.11	0.38	PGBAX
FARIX	-0.31	0.72	0.81	0.62		-0.42	0.79	FARIX
SRDAX	-0.33	-0.02	-0.49	-0.11	-0.42		-0.45	SRDAX
TRHBX	-0.29	0.83	0.96	0.38	0.79	-0.45		TRHBX
	QDARX	DSCPX	USCAX	PGBAX	FARIX	SRDAX	TRHBX

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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

TRHBX	+ 0.96	USCAX
USCAX	+ 0.84	DSCPX
TRHBX	+ 0.83	DSCPX
FARIX	+ 0.81	USCAX
TRHBX	+ 0.79	FARIX
FARIX	+ 0.72	DSCPX

High negative correlations

DSCPX	- 0.62	QDARX
SRDAX	- 0.49	USCAX
TRHBX	- 0.45	SRDAX
SRDAX	- 0.42	FARIX
SRDAX	- 0.33	QDARX
PGBAX	- 0.32	QDARX

Risk-Adjusted Indicators

There is a big difference between SAEMX Mutual Fund performing well and Sa Emerging 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 Sa Emerging'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
QDARX	0.10	(0.01)	0.00	5.45	0.00	0.00	0.25	(0.25)	0.74
DSCPX	0.77	0.02	0.01	0.06	0.97	(0.88)	1.60	(1.30)	8.80
USCAX	0.96	(0.09)	0.00	(0.13)	0.00	0.00	1.74	(1.81)	10.83
PGBAX	0.15	(0.01)	0.00	(0.40)	0.00	0.00	0.25	(0.34)	0.93
FARIX	0.28	(0.01)	(0.08)	(0.12)	0.34	(0.37)	0.65	(0.53)	2.12
SRDAX	0.15	0.04	0.07	(0.99)	0.00	(0.21)	0.38	(0.29)	1.05
TRHBX	0.98	(0.06)	0.00	(0.08)	0.00	0.00	1.82	(1.77)	10.23

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