Sa Real Correlations

SAREX Fund

USD 11.18 0.16 1.41%

The current 90-days correlation between Sa Real Estate and Qs Defensive Growth is 0.17 (i.e., Average diversification). The correlation of Sa Real 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 Real Correlation With Market

Significant diversification

The correlation between Sa Real Estate and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Real Estate 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 Real Estate. 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 income.

Moving together with SAREX Mutual Fund

0.84	O	Realty Income	Pair Corr
0.8	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.87	HR	Healthcare Realty Trust	Pair Corr
0.89	KW	Kennedy Wilson Holdings	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.89	WY	Weyerhaeuser	Pair Corr
0.89	ADC-PA	Agree Realty	Pair Corr
0.79	DOUG	Douglas Elliman	Pair Corr
0.92	VICI	VICI Properties	Pair Corr
0.61	MITT-PB	AG Mortgage Investment	Pair Corr
0.89	ELME	Elme Communities	Pair Corr
0.75	EPRT	Essential Properties	Pair Corr
0.64	WELL	Welltower	Pair Corr
0.82	ESBA	Empire State Realty	Pair Corr
0.82	ESRT	Empire State Realty	Pair Corr
0.67	WHLR	Wheeler Real Estate	Pair Corr
0.84	EXPI	eXp World Holdings	Pair Corr

Moving against SAREX Mutual Fund

0.42	DX	Dynex Capital	Pair Corr
0.6	MITT-PC	AG Mortgage Investment	Pair Corr
0.54	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	LMLRX	GGRYX	TRBCX	TEGAX	EIPIX	HGOIX	RPNCX
LMLRX		0.95	0.61	0.83	0.75	0.43	0.74	LMLRX
GGRYX	0.95		0.4	0.71	0.76	0.21	0.56	GGRYX
TRBCX	0.61	0.4		0.61	0.18	0.96	0.77	TRBCX
TEGAX	0.83	0.71	0.61		0.75	0.5	0.86	TEGAX
EIPIX	0.75	0.76	0.18	0.75		0.06	0.64	EIPIX
HGOIX	0.43	0.21	0.96	0.5	0.06		0.74	HGOIX
RPNCX	0.74	0.56	0.77	0.86	0.64	0.74		RPNCX
	LMLRX	GGRYX	TRBCX	TEGAX	EIPIX	HGOIX	RPNCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between SAREX Mutual Fund performing well and Sa Real 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 Real'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
LMLRX	0.28	(0.01)	(0.17)	0.06	0.38	(0.29)	0.61	(0.54)	2.14
GGRYX	0.42	(0.02)	(0.12)	0.03	0.58	(0.46)	0.86	(0.76)	3.17
TRBCX	0.89	0.07	0.01	0.31	1.06	(0.94)	1.78	(2.18)	5.70
TEGAX	1.01	0.11	0.02	1.71	1.31	(1.03)	2.17	(1.83)	7.72
EIPIX	0.84	0.01	(0.03)	0.10	1.69	(0.77)	1.76	(1.45)	9.39
HGOIX	0.99	0.11	0.03	0.37	1.40	(0.98)	1.99	(2.30)	6.55
RPNCX	1.00	0.13	0.06	0.32	1.23	(1.00)	2.11	(2.04)	9.16

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