Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SAIPX Fund  USD 12.93  0.04  0.31%   
The current 90-days correlation between Strategic Asset Mana and Financials Ultrasector Profund is 0.15 (i.e., Average 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 signals in metropolitan statistical area.

Moving together with Strategic Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.97PFIJX Strategic Asset ManaPairCorr
  0.94PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.89PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.96SAUPX Strategic Asset ManaPairCorr
  0.88PFUMX Finisterre UnconstrainedPairCorr
  0.87PGBEX Blue Chip FundPairCorr
  0.87PGBGX Blue Chip FundPairCorr
  0.87PGBHX Blue Chip FundPairCorr
  0.84PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.83STCCX Short Term IncomePairCorr
  0.96PGRTX Smallcap GrowthPairCorr
  0.97SCBPX Strategic Asset ManaPairCorr
  0.98SCIPX Strategic Asset ManaPairCorr
  0.97SCGPX Strategic Asset ManaPairCorr
  0.96PHJEX Principal Lifetime HybridPairCorr
  0.95PHJFX Principal Lifetime HybridPairCorr
  0.96PHJGX Principal Lifetime HybridPairCorr
  0.96PHJBX Principal Lifetime HybridPairCorr
  0.95PHJDX Principal Lifetime HybridPairCorr
  0.96PHJNX Principal Lifetime HybridPairCorr
  0.97PHJQX Principal Lifetime HybridPairCorr
  0.96PHJJX Principal Lifetime HybridPairCorr
  0.96PHJMX Principal Lifetime HybridPairCorr
  0.96PHJYX 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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