Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SCGPX Fund  USD 17.70  0.13  0.74%   
The current 90-days correlation between Strategic Asset Mana and Us Government Securities is -0.04 (i.e., Good diversification). The correlation of Strategic Asset 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.

Strategic Asset Correlation With Market

Average diversification

The correlation between Strategic Asset Management and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management 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 Strategic Asset Management. 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 american community survey.

Moving together with Strategic Mutual Fund

  0.78PHTNX Principal Lifetime HybridPairCorr
  0.88PMDAX Small Midcap DividendPairCorr
  0.83PSBMX Smallcap Fund FkaPairCorr
  0.99PSIJX Smallcap GrowthPairCorr
  0.96PCWPX Strategic Asset ManaPairCorr
  0.64FFIFX American FundsPairCorr
  0.88FAIFX American FundsPairCorr
  0.89IFACX Income FundPairCorr
  0.88IFAFX Income FundPairCorr
  0.88AMECX Income FundPairCorr
  0.89RIDBX Income FundPairCorr
  0.88CIMEX Income FundPairCorr
  0.88RIDFX Income FundPairCorr
  0.89CIMCX Income FundPairCorr
  0.88CIMFX Income FundPairCorr
  0.64SMPSX Semiconductor UltrasectorPairCorr
  0.72GSWPX Goldman Sachs SmallmidPairCorr

Moving against Strategic Mutual Fund

  0.38POEIX Origin Emerging MarketsPairCorr
  0.6SSAGX Virtus Seix GovernmentPairCorr
  0.53LFRIX Floating RatePairCorr
  0.39DGFZX Destinations Global FixedPairCorr
  0.36LALDX Lord Abbett ShortPairCorr

Related Correlations Analysis

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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   
TWACX
+ 0.92
PYUSX
TWACX
+ 0.77
SIGVX
SIGVX
+ 0.73
UGSDX
PYUSX
+ 0.68
SIGVX
PYUSX
+ 0.49
USGFX
TWACX
+ 0.46
UGSDX
  
High negative correlations   
USGFX
- 0.27
UGSDX
USGFX
- 0.16
SIGVX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Asset 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 Strategic Asset'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.

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