Moderately Aggressive Correlations

SAMIX Fund  USD 11.53  0.01  0.09%   
The current 90-days correlation between Moderately Aggressive and Salient Alternative Beta is -0.1 (i.e., Good diversification). The correlation of Moderately Aggressive 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.

Moderately Aggressive Correlation With Market

ModeratelyDowDiversified AwayModeratelyDowDiversified Away100%

Significant diversification

The correlation between Moderately Aggressive Balanced and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderately Aggressive Balanced 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 Moderately Aggressive Balanced. 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 Moderately Mutual Fund

  0.94SABAX Salient Alternative BetaPairCorr
  0.86SABIX Aggressive BalancedPairCorr
  0.94SABCX Salient Alternative BetaPairCorr
  0.9SAMAX Moderately AggressivePairCorr
  0.94SAMCX Salient Mlp FundPairCorr
  0.86SSCCX Small CapitalizationPairCorr
  0.82SSCPX Small CapitalizationPairCorr
  0.82SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  1.0SBMCX Moderate BalancedPairCorr
  0.94SBMIX Moderate BalancedPairCorr
  0.91STPAX Technology CommunicationsPairCorr
  0.91STPCX Technology CommunicationsPairCorr
  0.95STPIX Technology CommunicationsPairCorr
  0.93SCAAX Conservative BalancedPairCorr
  0.93SUMCX Conservative BalancedPairCorr
  0.87SFPCX Financial ServicesPairCorr
  0.9SFPAX Financial ServicesPairCorr
  0.9SFPIX Financial ServicesPairCorr
  0.92SLCGX Large CapitalizationPairCorr
  0.9SLCVX Large Cap ValuePairCorr
  0.91SLGCX Large CapitalizationPairCorr
  0.92SLGYX Large CapitalizationPairCorr
  0.91SLVCX Large Cap ValuePairCorr
  0.9SLVYX Large Cap ValuePairCorr
  0.94SMACX Moderately ConservativePairCorr

Moving against Moderately Mutual Fund

  0.49SIBPX Investment Quality BondPairCorr
  0.47SIEYX International EquityPairCorr
  0.47SIECX International EquityPairCorr
  0.46SIEPX International EquityPairCorr
  0.88USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.5SQBAX Investment Quality BondPairCorr
  0.5SQBCX Investment Quality BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Moderately Mutual Fund performing well and Moderately Aggressive 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 Moderately Aggressive'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.