Sa Us Correlations

SAMKX Fund

USD 37.49 0.20 0.54%

The current 90-days correlation between Sa Mkt Fd and Sa Value is 0.75 (i.e., Poor diversification). The correlation of Sa Us 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 Us Correlation With Market

Very poor diversification

The correlation between Sa Mkt Fd and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Mkt Fd 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 Mkt Fd. 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 industry.

Moving together with SAMKX Mutual Fund

0.96	SABTX	Sa Value	Pair Corr
0.95	SAUMX	Sa Small	Pair Corr
0.91	SAWMX	Sa Worldwide Moderate	Pair Corr
1.0	VTSAX	Vanguard Total Stock	Pair Corr
1.0	VFIAX	Vanguard 500 Index	Pair Corr
1.0	VTSMX	Vanguard Total Stock	Pair Corr
1.0	VITSX	Vanguard Total Stock	Pair Corr
1.0	VSMPX	Vanguard Total Stock	Pair Corr
1.0	VSTSX	Vanguard Total Stock	Pair Corr
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.89	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.89	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.89	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.89	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.83	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.89	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.88	CFCRX	Columbia Flexible Capital	Pair Corr
0.99	ILESX	Fisher Investments	Pair Corr
0.94	VTWAX	Vanguard Total World	Pair Corr
0.99	VWELX	Vanguard Wellington	Pair Corr
0.94	SAGAX	Ridgeworth Innovative	Pair Corr
0.99	MLMAX	Global E Portfolio	Pair Corr
0.97	VSEQX	Vanguard Strategic Equity	Pair Corr
0.93	TLCYX	Touchstone Large Cap	Pair Corr
1.0	VFTAX	Vanguard Ftse Social	Pair Corr

Moving against SAMKX Mutual Fund

0.43	SAHMX	Sa International Value	Pair Corr
0.41	SAISX	Sa International Small	Pair Corr

Related Correlations Analysis

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

High negative correlations

SAISX	- 0.48	SABTX
SAHMX	- 0.47	SABTX
SAUMX	- 0.46	SAISX
SAUMX	- 0.45	SAHMX
SAREX	- 0.18	SABTX
SAUMX	- 0.12	SAREX

Risk-Adjusted Indicators

There is a big difference between SAMKX Mutual Fund performing well and Sa Us 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 Us' 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
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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