Sa International Correlations

SAHMX Fund

USD 13.59 0.14 1.04%

The current 90-days correlation between Sa International Value and Sa Value is 0.22 (i.e., Modest diversification). The correlation of Sa International 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 International Correlation With Market

Average diversification

The correlation between Sa International Value and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Value 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 International Value. 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 SAHMX Mutual Fund

0.66	SAEMX	Sa Emerging Markets	Pair Corr
0.97	SAISX	Sa International Small	Pair Corr
0.8	DOXFX	Dodge Cox International	Pair Corr
0.91	OANIX	Oakmark International	Pair Corr
0.8	DODFX	Dodge International Stock	Pair Corr
0.91	OAKIX	Oakmark International	Pair Corr
0.91	OAYIX	Oakmark International	Pair Corr
0.91	OAZIX	Oakmark International	Pair Corr
0.96	FINVX	Fidelity Series Inte	Pair Corr
0.92	VTRIX	Vanguard International	Pair Corr
0.95	RRIGX	T Rowe Price	Pair Corr

Moving against SAHMX Mutual Fund

0.68	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.47	SABTX	Sa Value	Pair Corr
0.45	SAUMX	Sa Small	Pair Corr
0.43	SAMKX	Sa Mkt Fd	Pair Corr
0.68	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.68	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.68	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.68	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.68	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.68	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.64	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.64	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.59	BXFCX	Barings Global Floating	Pair Corr
0.55	AMGOX	Alger Mid Cap	Pair Corr
0.45	FIOOX	Fidelity Series 1000	Pair Corr
0.45	VFINX	Vanguard 500 Index	Pair Corr
0.42	SFLNX	Schwab Fundamental Large	Pair Corr
0.41	GAB	Gabelli Equity Trust	Pair Corr
0.41	AMGXX	Pimco Funds	Pair Corr
0.32	TRAIX	T Rowe Price	Pair Corr

Related Correlations Analysis

	SABTX	SAEMX	SAISX	SAHMX	SAMKX	SAREX	SAUFX	SAUMX	SAXIX	SAWMX
SABTX		0.02	-0.48	-0.47	0.96	-0.18	0.44	0.98	0.06	0.88	SABTX
SAEMX	0.02		0.69	0.66	0.1	0.02	0.16	-0.04	0.17	0.41	SAEMX
SAISX	-0.48	0.69		0.97	-0.41	0.4	0.03	-0.46	0.33	-0.03	SAISX
SAHMX	-0.47	0.66	0.97		-0.43	0.3	-0.03	-0.45	0.24	-0.04	SAHMX
SAMKX	0.96	0.1	-0.41	-0.43		-0.12	0.5	0.95	0.11	0.91	SAMKX
SAREX	-0.18	0.02	0.4	0.3	-0.12		0.55	-0.12	0.76	0.02	SAREX
SAUFX	0.44	0.16	0.03	-0.03	0.5	0.55		0.5	0.86	0.58	SAUFX
SAUMX	0.98	-0.04	-0.46	-0.45	0.95	-0.12	0.5		0.12	0.87	SAUMX
SAXIX	0.06	0.17	0.33	0.24	0.11	0.76	0.86	0.12		0.28	SAXIX
SAWMX	0.88	0.41	-0.03	-0.04	0.91	0.02	0.58	0.87	0.28		SAWMX
	SABTX	SAEMX	SAISX	SAHMX	SAMKX	SAREX	SAUFX	SAUMX	SAXIX	SAWMX

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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

SAUMX	+ 0.98	SABTX
SAHMX	+ 0.97	SAISX
SAMKX	+ 0.96	SABTX
SAUMX	+ 0.95	SAMKX
SAWMX	+ 0.91	SAMKX
SAWMX	+ 0.88	SABTX

High negative correlations

SAISX	- 0.48	SABTX
SAHMX	- 0.47	SABTX
SAUMX	- 0.46	SAISX
SAUMX	- 0.45	SAHMX
SAMKX	- 0.43	SAHMX
SAMKX	- 0.41	SAISX

Risk-Adjusted Indicators

There is a big difference between SAHMX Mutual Fund performing well and Sa International 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 International'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
SABTX	0.62	(0.03)	(0.03)	0.10	0.51	(0.67)	1.19	(0.90)	4.93
SAEMX	0.65	(0.06)	0.00	(0.25)	0.00	0.00	1.36	(1.30)	4.64
SAISX	0.60	(0.10)	0.00	(0.12)	0.00	0.00	1.38	(1.35)	3.96
SAHMX	0.58	(0.07)	0.00	(0.32)	0.00	0.00	1.36	(1.31)	3.26
SAMKX	0.55	0.00	(0.02)	0.13	0.63	(0.59)	1.07	(1.46)	4.10
SAREX	0.69	0.03	(0.09)	0.53	0.82	(0.72)	1.21	(1.30)	3.56
SAUFX	0.07	0.01	(0.93)	(0.40)	0.00	(0.12)	0.10	(0.10)	0.42
SAUMX	0.79	(0.02)	0.03	0.11	0.74	(0.92)	1.74	(1.32)	6.40
SAXIX	0.08	0.01	(0.88)	1.80	0.00	(0.14)	0.11	(0.11)	0.45
SAWMX	0.34	(0.02)	(0.22)	0.08	0.31	(0.41)	0.67	(0.72)	1.80

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