Moderately Aggressive Correlations

Mutual Funds . USA . 
Fund . Moderately Aggressive Balanced
SAMIX Fund  USD 11.04  0.25  2.21%   
The current 90-days correlation between Moderately Aggressive and Salient Alternative Beta is 0.97 (i.e., Almost no 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%

Almost no diversification

The correlation between Moderately Aggressive Balanced and DJI is 0.95 (i.e., Almost no 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

  1.0SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  1.0SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  1.0SAMCX Salient Mlp FundPairCorr
  0.95SSCCX Small CapitalizationPairCorr
  0.95SSCPX Small CapitalizationPairCorr
  0.95SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.67SBHIX Health BiotchnologyPairCorr
  0.67SBMBX Energy Basic MaterialsPairCorr
  0.93SBMCX Moderate BalancedPairCorr
  0.93SBMIX Moderate BalancedPairCorr
  0.93STPCX Technology CommunicationsPairCorr
  0.93STPIX Technology CommunicationsPairCorr
  0.84SCAAX Conservative BalancedPairCorr
  0.85SUMCX Conservative BalancedPairCorr
  0.76SEPIX Energy Basic MaterialsPairCorr
  0.67SEPCX Energy Basic MaterialsPairCorr
  0.88SFPCX Financial ServicesPairCorr
  0.85SFPAX Financial ServicesPairCorr
  0.89SFPIX Financial ServicesPairCorr
  0.93SLCGX Large CapitalizationPairCorr
  0.91SLCVX Large Cap ValuePairCorr
  0.93SLGCX Large CapitalizationPairCorr
  0.93SLGYX Large CapitalizationPairCorr
  0.91SLVCX Large Cap ValuePairCorr
  0.91SLVYX Large Cap ValuePairCorr
  0.93SMACX Moderately ConservativePairCorr
  0.93SMICX Moderately ServativePairCorr

Moving against Moderately Mutual Fund

  0.68SIBPX Investment Quality BondPairCorr
  0.68SQBAX Investment Quality BondPairCorr
  0.62SQBCX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABAX  0.80 (0.02) 0.00 (0.14) 0.00 
 0.00 
 1.31 
(1.58)
 5.75 
SABIX  0.80 (0.02) 0.00 (0.14) 0.00 
 0.00 
 1.36 
(1.57)
 5.81 
SABCX  0.84 (0.06) 0.00 (0.18) 0.00 
 0.00 
 1.37 
(2.01)
 5.79 
SAMAX  0.71 (0.02) 0.00 (0.14) 0.00 
 0.00 
 1.21 
(1.37)
 4.98 
SAMCX  0.71 (0.02) 0.00 (0.14) 0.00 
 0.00 
 1.14 
(1.38)
 4.95 
SAMIX  0.75 (0.05) 0.00 (0.18) 0.00 
 0.00 
 1.20 
(1.63)
 5.03 
SSCCX  1.59 (0.15) 0.00 (0.24) 0.00 
 0.00 
 3.03 
(3.12)
 9.19 
SSCPX  1.24 (0.19) 0.00 (0.29) 0.00 
 0.00 
 2.29 
(3.19)
 8.51 
SSCYX  1.26 (0.19) 0.00 (0.29) 0.00 
 0.00 
 2.25 
(3.11)
 8.66 
SBCCX  0.67 (0.04) 0.00 (0.19) 0.00 
 0.00 
 0.96 
(1.53)
 4.20 

Trending Assets

SAMAX
Moderately Aggressive
11.22  0.56  5.25 
SBCCX
Moderately Conservative
10.02  -0.19  -1.86 
SABIX
Aggressive Balanced
11.17  0.64  6.08 
SSCYX
Small Capitalization
4.88  -0.17  -3.37 
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