Saat Tax-managed Correlations

Mutual Funds . USA . 
Fund . Saat Tax Managed Aggressive
SISAX Fund  USD 26.35  0.03  0.11%   
The current 90-days correlation between Saat Tax Managed and Saat E Market is 0.95 (i.e., Almost no diversification). The correlation of Saat Tax-managed 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.

Saat Tax-managed Correlation With Market

Weak diversification

The correlation between Saat Tax Managed Aggressive and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Tax Managed Aggressive 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 Saat Tax Managed Aggressive. 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 nation.

Moving together with Saat Mutual Fund

  0.82SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.94SSCGX Simt Small CapPairCorr
  0.74SSEAX Siit Screened WorldPairCorr
  0.82SSGAX Saat Aggressive StrategyPairCorr
  0.85SASDX Saat Aggressive StrategyPairCorr
  0.98SSMAX Siit Small MidPairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.87SSTDX Saat Servative StrategyPairCorr
  0.69SBDAX Stet California MunicipalPairCorr
  0.81STAYX Stet Tax AdvantagedPairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.95STMPX Simt Tax ManagedPairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.82SCFYX Simt E FixedPairCorr
  0.85SCMSX Saat E MarketPairCorr
  0.94SCLAX Simt Multi AssetPairCorr
  0.82CFVAX Catholic Values FixedPairCorr
  0.81SCOAX Siit E FixedPairCorr
  0.82CFVYX Catholic Values FixedPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.83SCXIX Sei Insti MgdPairCorr
  0.68SCYYX Stet California MunicipalPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.96SDYAX Simt Dynamic AssetPairCorr
  0.93SVOAX Simt Managed VolatilityPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  0.81SVSAX Saat Servative StrategyPairCorr
  0.78SEAIX Saat Aggressive StrategyPairCorr
  0.81SEATX Stet Tax AdvantagedPairCorr

Moving against Saat Mutual Fund

  0.48ENIAX Siit Opportunistic IncomePairCorr
  0.43STDAX Saat Defensive StrategyPairCorr
  0.41TFCYX Tax Free ConservativePairCorr
  0.36TFCAX Tax Free ConservativePairCorr
  0.47SECYX Sdit Ultra ShortPairCorr
  0.46SUSAX Siit Ultra ShortPairCorr
  0.45SECPX Sdit Ultra ShortPairCorr
  0.43SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Tax-managed 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 Saat Tax-managed'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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