Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SCUPX Fund  USD 12.70  0.01  0.08%   
The current 90-days correlation between Strategic Asset Mana and Absolute Convertible Arbitrage is 0.1 (i.e., Average 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

Almost no diversification

The correlation between Strategic Asset Management and DJI is 0.91 (i.e., Almost no 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 persons.

Moving together with Strategic Mutual Fund

  0.96SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.95SAGPX Strategic Asset ManaPairCorr
  1.0PFIJX Strategic Asset ManaPairCorr
  0.97PFIEX International EquityPairCorr
  0.97PFIFX Strategic Asset ManaPairCorr
  0.95PFISX International Small PanyPairCorr
  0.97PFIPX Strategic Asset ManaPairCorr
  0.96SAIPX Strategic Asset ManaPairCorr
  0.94PFLJX Principal Lifetime 2050PairCorr
  1.0SAUPX Strategic Asset ManaPairCorr
  0.93PFUMX Finisterre UnconstrainedPairCorr
  0.63PGBAX Global Diversified IncomePairCorr
  0.67PGBLX Global Diversified IncomePairCorr
  0.81PGBEX Blue Chip FundPairCorr
  0.81PGBGX Blue Chip FundPairCorr
  0.81PGBHX Blue Chip FundPairCorr
  0.65PGDIX Global Diversified IncomePairCorr
  0.91PGDRX Diversified Real AssetPairCorr
  0.95PGLSX Global Multi StrategyPairCorr
  0.87STCCX Short Term IncomePairCorr
  0.94PGRTX Smallcap GrowthPairCorr
  0.74PGRUX Global Real EstatePairCorr
  0.72PGSLX Principal Global SusPairCorr
  0.73PGRKX Global Real EstatePairCorr
  0.93SCBPX Strategic Asset ManaPairCorr
  0.94SCIPX Strategic Asset ManaPairCorr
  0.92SCGPX Strategic Asset ManaPairCorr
  0.97PHJEX Principal Lifetime HybridPairCorr
  0.97PHJFX Principal Lifetime HybridPairCorr
  0.97PHJGX Principal Lifetime HybridPairCorr
  0.97PHJBX Principal Lifetime HybridPairCorr
  0.97PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX Principal Lifetime HybridPairCorr
  0.97PHJJX Principal Lifetime HybridPairCorr
  0.97PHJMX Principal Lifetime HybridPairCorr
  0.96PHJTX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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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