Strategic Asset Correlations

SCIPX Fund

USD 12.54 0.02 0.16%

The current 90-days correlation between Strategic Asset Mana and Vanguard Financials Index is -0.02 (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

Good diversification

The correlation between Strategic Asset Management and DJI is -0.01 (i.e., Good 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

0.86	SABPX	Strategic Asset Mana	Pair Corr
0.74	SACAX	Strategic Asset Mana	Pair Corr
0.71	SAGPX	Strategic Asset Mana	Pair Corr
0.74	PFIJX	Strategic Asset Mana	Pair Corr
0.71	PFILX	Strategic Asset Mana	Pair Corr
0.73	PFIFX	Strategic Asset Mana	Pair Corr
0.8	PFIGX	Strategic Asset Mana	Pair Corr
0.85	PFIPX	Strategic Asset Mana	Pair Corr
0.88	SAIPX	Strategic Asset Mana	Pair Corr
0.85	PXASX	Principal Lifetime 2030	Pair Corr
0.73	PFLJX	Principal Lifetime 2050	Pair Corr
0.71	SAUPX	Strategic Asset Mana	Pair Corr
0.85	PFUMX	Finisterre Unconstrained	Pair Corr
0.67	PGBAX	Global Diversified Income	Pair Corr
0.71	PGBLX	Global Diversified Income	Pair Corr
0.64	PGBGX	Blue Chip Fund	Pair Corr
0.64	PGBHX	Blue Chip Fund	Pair Corr
0.62	PGDCX	Global Diversified Income	Pair Corr
0.7	PGDIX	Global Diversified Income	Pair Corr
0.7	PGDRX	Diversified Real Asset	Pair Corr
0.87	PGLSX	Global Multi Strategy	Pair Corr
0.88	PYASX	Principal Lifetime 2040	Pair Corr
0.83	PYHIX	High Yield Fund	Pair Corr
0.72	SCGPX	Strategic Asset Mana	Pair Corr
0.76	PHJEX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	VFAIX	FIKBX	RGFIX	XFINX	FNPIX	PFSQX	FTIXX
VFAIX		0.97	0.0	0.65	0.96	1.0	0.4	VFAIX
FIKBX	0.97		0.0	0.66	0.99	0.96	0.42	FIKBX
RGFIX	0.0	0.0		0.0	0.0	0.0	0.0	RGFIX
XFINX	0.65	0.66	0.0		0.63	0.68	0.83	XFINX
FNPIX	0.96	0.99	0.0	0.63		0.95	0.38	FNPIX
PFSQX	1.0	0.96	0.0	0.68	0.95		0.44	PFSQX
FTIXX	0.4	0.42	0.0	0.83	0.38	0.44		FTIXX
	VFAIX	FIKBX	RGFIX	XFINX	FNPIX	PFSQX	FTIXX

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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

PFSQX	+ 1.0	VFAIX
FNPIX	+ 0.99	FIKBX
FIKBX	+ 0.97	VFAIX
FNPIX	+ 0.96	VFAIX
PFSQX	+ 0.96	FIKBX
PFSQX	+ 0.95	FNPIX

High negative correlations

FTIXX	- 0.0	RGFIX
PFSQX	- 0.0	RGFIX
FNPIX	- 0.0	RGFIX
XFINX	- 0.0	RGFIX
RGFIX	- 0.0	FIKBX
RGFIX	- 0.0	VFAIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VFAIX	0.77	0.10	0.16	0.17	0.52	(0.91)	1.77	(1.22)	8.51
FIKBX	0.81	0.25	0.17	(1.44)	0.53	(0.99)	1.88	(1.15)	9.76
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.11	0.02	(0.20)	1.66	0.13	(0.13)	0.22	(0.14)	1.15
FNPIX	1.06	0.29	0.14	(1.15)	0.90	(1.14)	2.09	(1.83)	11.72
PFSQX	0.79	0.08	0.14	0.16	0.52	(0.97)	1.58	(1.42)	8.34
FTIXX	0.03	0.01	0.00	(0.18)	0.00	0.00	0.00	0.00	1.01

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