Sa Real Correlations

SAREX Fund

USD 12.60 0.07 0.55%

The current 90-days correlation between Sa Real Estate and Realty Income is 0.69 (i.e., Poor 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 0.08 (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

0.76	HR	Healthcare Realty Trust	Pair Corr
0.73	VICI	VICI Properties	Pair Corr

Moving against SAREX Mutual Fund

0.33	PW	Power REIT	Pair Corr
0.46	EMITF	Elbit Imaging	Pair Corr

Related Correlations Analysis

	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE
O		-0.21	0.76	0.18	-0.3	-0.43	-0.54	0.05	0.28	-0.76	O
DX	-0.21		0.04	0.59	0.62	0.61	0.41	-0.4	0.2	0.46	DX
FR	0.76	0.04		0.41	-0.1	-0.12	-0.14	-0.06	0.78	-0.77	FR
HR	0.18	0.59	0.41		0.42	0.44	0.07	-0.3	0.39	0.02	HR
KW	-0.3	0.62	-0.1	0.42		0.43	0.46	-0.05	0.05	0.54	KW
OZ	-0.43	0.61	-0.12	0.44	0.43		0.51	-0.42	0.18	0.41	OZ
PK	-0.54	0.41	-0.14	0.07	0.46	0.51		-0.08	0.27	0.41	PK
PW	0.05	-0.4	-0.06	-0.3	-0.05	-0.42	-0.08		-0.12	-0.1	PW
RC	0.28	0.2	0.78	0.39	0.05	0.18	0.27	-0.12		-0.55	RC
UE	-0.76	0.46	-0.77	0.02	0.54	0.41	0.41	-0.1	-0.55		UE
	O	DX	FR	HR	KW	OZ	PK	PW	RC	UE

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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

RC	+ 0.78	FR
FR	+ 0.76	O
KW	+ 0.62	DX
OZ	+ 0.61	DX
HR	+ 0.59	DX
UE	+ 0.54	KW

High negative correlations

UE	- 0.77	FR
UE	- 0.76	O
UE	- 0.55	RC
PK	- 0.54	O
OZ	- 0.43	O
PW	- 0.42	OZ

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
O	0.78	(0.07)	0.00	0.57	0.00	0.00	1.38	(1.84)	5.16
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37
FR	0.84	(0.12)	0.00	(0.14)	0.00	0.00	1.48	(1.78)	3.74
HR	1.14	0.08	(0.03)	(5.18)	1.34	(1.23)	2.01	(2.54)	5.89
KW	1.34	(0.05)	(0.03)	0.08	1.64	(1.52)	2.88	(2.71)	10.81
OZ	1.06	0.09	0.03	0.28	1.47	(1.18)	2.77	(2.09)	8.57
PK	1.35	(0.10)	(0.02)	0.06	1.55	(1.45)	2.99	(2.71)	10.98
PW	6.62	0.89	0.05	(0.17)	7.00	(9.26)	11.11	(10.85)	119.44
RC	1.25	(0.24)	0.00	(0.10)	0.00	0.00	2.95	(2.57)	8.18
UE	0.83	0.10	0.03	0.34	0.83	(0.90)	1.78	(1.57)	4.48

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