Strategic Asset Correlations

SCIPX Fund  USD 12.27  0.04  0.33%   
The current 90-days correlation between Strategic Asset Mana and Strategic Asset Management is 0.86 (i.e., Very poor 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

Modest diversification

The correlation between Strategic Asset Management and DJI is 0.28 (i.e., Modest 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

  0.97SABPX Strategic Asset ManaPairCorr
  0.97SACAX Strategic Asset ManaPairCorr
  0.92SAGPX Strategic Asset ManaPairCorr
  0.94PFIJX Strategic Asset ManaPairCorr
  0.69PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.73PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  1.0SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.82PFRSX Real Estate SecuritiesPairCorr
  0.94SAUPX Strategic Asset ManaPairCorr
  0.72PGBAX Global Diversified IncomePairCorr
  0.76PGBLX Global Diversified IncomePairCorr
  0.88PGBEX Blue Chip FundPairCorr
  0.87PGBGX Blue Chip FundPairCorr
  0.87PGBHX Blue Chip FundPairCorr
  0.76PGDCX Global Diversified IncomePairCorr
  0.69PGDIX Global Diversified IncomePairCorr
  0.76PGDRX Diversified Real AssetPairCorr
  0.96PGRTX Smallcap GrowthPairCorr
  0.74PGRUX Global Real EstatePairCorr
  0.79PGSLX Principal Global SusPairCorr
  0.74PGRKX Global Real EstatePairCorr
  0.96SCBPX Strategic Asset ManaPairCorr
  0.96SCGPX Strategic Asset ManaPairCorr
  0.97PHJEX Principal Lifetime HybridPairCorr
  0.96PHJFX Principal Lifetime HybridPairCorr
  0.96PHJGX Principal Lifetime HybridPairCorr
  0.96PHJBX Principal Lifetime HybridPairCorr
  0.96PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.46 (0.08) 0.00 (1.38) 0.00 
 0.62 
 6.10 
SACAX  0.61 (0.09) 0.00 (0.48) 0.00 
 0.99 
 7.91 
SAGPX  0.54 (0.09) 0.00 (2.53) 0.00 
 0.84 
 7.32 
PFIJX  0.23 (0.02) 0.00 (0.12) 0.00 
 0.42 
 1.91 
PFIEX  0.63 (0.11) 0.00 (0.63) 0.00 
 1.01 
 3.86 
PFIFX  0.23 (0.02) 0.00 (0.12) 0.00 
 0.42 
 1.82 
PFISX  0.56 (0.11) 0.00 (0.33) 0.00 
 1.29 
 3.91 
PFIPX  0.23 (0.02) 0.00 (0.13) 0.00 
 0.42 
 1.90 
SAIPX  0.31 (0.03) 0.00 (0.21) 0.00 
 0.56 
 2.09 
PFLJX  0.59 (0.09) 0.00 (0.48) 0.00 
 0.93 
 6.74