Saat Moderate Correlations

SMSIX Fund  USD 12.15  0.09  0.74%   
The current 90-days correlation between Saat Moderate Strategy and Qs Growth Fund is 0.8 (i.e., Very poor diversification). The correlation of Saat Moderate 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 Moderate Correlation With Market

Poor diversification

The correlation between Saat Moderate Strategy and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Moderate Strategy 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 Moderate Strategy. 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 gross domestic product.

Moving together with Saat Mutual Fund

  0.68SAAAX Simt Multi AssetPairCorr
  0.75SRWAX Saat Market GrowthPairCorr
  0.9SSEAX Siit Screened WorldPairCorr
  0.8TFCAX Tax Free ConservativePairCorr
  0.73TFCYX Tax Free ConservativePairCorr
  0.99SSTDX Saat Servative StrategyPairCorr
  0.72STAYX Stet Tax AdvantagedPairCorr
  0.95STDAX Saat Defensive StrategyPairCorr
  0.78ENIAX Siit Opportunistic IncomePairCorr
  0.88STVYX Simt Tax ManagedPairCorr
  0.91SCLAX Simt Multi AssetPairCorr
  0.83CFVAX Catholic Values FixedPairCorr
  0.82CFVYX Catholic Values FixedPairCorr
  0.75SUSYX Simt Managed VolatilityPairCorr
  0.8SUSAX Siit Ultra ShortPairCorr
  0.76SDGFX Sdit Short DurationPairCorr
  0.64SVOAX Simt Managed VolatilityPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.72SEATX Stet Tax AdvantagedPairCorr

Moving against Saat Mutual Fund

  0.45SSCGX Simt Small CapPairCorr
  0.37SSMAX Siit Small MidPairCorr
  0.36STMPX Simt Tax ManagedPairCorr
  0.38SECAX Siit Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Moderate 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 Moderate'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.