Sa Worldwide Correlations

SAWMX Fund

USD 13.34 0.01 0.07%

The current 90-days correlation between Sa Worldwide Moderate and Cref Money Market is 0.2 (i.e., Modest diversification). The correlation of Sa Worldwide 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 Worldwide Correlation With Market

Very poor diversification

The correlation between Sa Worldwide Moderate and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Worldwide Moderate 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 Worldwide Moderate. 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 state.

Moving together with SAWMX Mutual Fund

0.73	SABTX	Sa Value	Pair Corr
0.94	SAEMX	Sa Emerging Markets	Pair Corr
0.71	SAISX	Sa International Small	Pair Corr
0.97	SAHMX	Sa International Value	Pair Corr
0.86	SAMKX	Sa Mkt Fd	Pair Corr
0.93	SAUFX	Sa Fixed Incme	Pair Corr
0.94	SAUMX	Sa Small	Pair Corr
0.76	SAXIX	Sa Global Fixed	Pair Corr
0.71	CIBFX	Capital Income Builder	Pair Corr
0.71	CAIBX	Capital Income Builder	Pair Corr
0.67	CIBCX	Capital Income Builder	Pair Corr
0.96	RIRAX	Capital Income Builder	Pair Corr
0.67	RIREX	Capital Income Builder	Pair Corr
0.96	RIRFX	Capital Income Builder	Pair Corr
0.67	CIRCX	Capital Income Builder	Pair Corr
0.96	CIREX	Capital Income Builder	Pair Corr
0.71	RIRBX	Capital Income Builder	Pair Corr
0.85	PFN	Pimco Income Strategy	Pair Corr
0.88	SMYIX	Qs Global Equity	Pair Corr
0.96	GSBUX	Goldman Sachs Income	Pair Corr
0.69	IFAAX	Infrastructure Fund	Pair Corr
0.69	PRCGX	Perritt Microcap Opp	Pair Corr
0.63	MEFOX	Meehan Focus	Pair Corr
0.75	FVDFX	Fidelity Value Discovery	Pair Corr
0.9	FYHTX	Fidelity Modity Strategy	Pair Corr
0.94	SILVX	Summit Global Investments	Pair Corr
0.94	MENIX	Madison Funds	Pair Corr
0.95	IDXKX	Voya Index Solution	Pair Corr
0.75	VTMFX	Vanguard Tax Managed	Pair Corr
0.88	RGGIX	T Rowe Price	Pair Corr
0.72	DSPIX	Dreyfus Institutional	Pair Corr

Moving against SAWMX Mutual Fund

0.49

NXJ

Nuveen New Jersey

Pair Corr

Related Correlations Analysis

	PLMPX	ELBIX	IATXX	TEIMX	QCMMIX
PLMPX		0.99	0.0	1.0	0.95	PLMPX
ELBIX	0.99		0.0	0.99	0.95	ELBIX
IATXX	0.0	0.0		0.0	0.0	IATXX
TEIMX	1.0	0.99	0.0		0.94	TEIMX
QCMMIX	0.95	0.95	0.0	0.94		QCMMIX
	PLMPX	ELBIX	IATXX	TEIMX	QCMMIX

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

TEIMX	+ 1.0	PLMPX
ELBIX	+ 0.99	PLMPX
TEIMX	+ 0.99	ELBIX
QCMMIX	+ 0.95	PLMPX
QCMMIX	+ 0.95	ELBIX
QCMMIX	+ 0.94	TEIMX

High negative correlations

QCMMIX	- 0.0	IATXX
TEIMX	- 0.0	IATXX
IATXX	- 0.0	ELBIX
IATXX	- 0.0	PLMPX

Risk-Adjusted Indicators

There is a big difference between SAWMX Mutual Fund performing well and Sa Worldwide 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 Worldwide'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLMPX	0.20	0.07	0.07	0.98	(0.28)	0.52	(0.27)	1.16
ELBIX	0.22	0.07	0.04	0.67	(0.29)	0.56	(0.41)	2.07
IATXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEIMX	0.22	0.06	0.03	0.73	(0.33)	0.58	(0.39)	1.18
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.03	0.00	0.03

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