Saat Defensive Correlations

STDAX Fund

USD 11.12 0.14 1.24%

The correlation of Saat Defensive 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 Defensive Correlation With Market

Average diversification

The correlation between Saat Defensive Strategy and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Defensive 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 Defensive 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 nation.

Moving together with Saat Mutual Fund

0.87	SSTDX	Saat Servative Strategy	Pair Corr
0.8	ENIAX	Siit Opportunistic Income	Pair Corr
0.69	SCMSX	Saat E Market	Pair Corr
0.89	SVSAX	Saat Servative Strategy	Pair Corr

Related Correlations Analysis

	FHYIX	JYHRX	SCFFX	MZHIX	PYRLX	RTHAX	NHCCX
FHYIX		0.55	0.64	0.54	0.52	0.95	0.78	FHYIX
JYHRX	0.55		0.96	0.96	0.96	0.47	-0.03	JYHRX
SCFFX	0.64	0.96		0.98	0.97	0.54	0.1	SCFFX
MZHIX	0.54	0.96	0.98		0.98	0.43	-0.01	MZHIX
PYRLX	0.52	0.96	0.97	0.98		0.4	-0.05	PYRLX
RTHAX	0.95	0.47	0.54	0.43	0.4		0.8	RTHAX
NHCCX	0.78	-0.03	0.1	-0.01	-0.05	0.8		NHCCX
	FHYIX	JYHRX	SCFFX	MZHIX	PYRLX	RTHAX	NHCCX

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

MZHIX	+ 0.98	SCFFX
PYRLX	+ 0.98	MZHIX
PYRLX	+ 0.97	SCFFX
SCFFX	+ 0.96	JYHRX
MZHIX	+ 0.96	JYHRX
PYRLX	+ 0.96	JYHRX

High negative correlations

NHCCX	- 0.05	PYRLX
NHCCX	- 0.03	JYHRX
NHCCX	- 0.01	MZHIX

Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Defensive 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 Defensive'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
FHYIX	0.08	0.01	(0.27)	0.68	0.00	(0.16)	0.22	(0.22)	0.55
JYHRX	0.09	0.00	(0.19)	0.07	0.00	(0.16)	0.15	(0.15)	0.91
SCFFX	0.07	0.00	(0.24)	0.08	0.00	(0.12)	0.20	(0.10)	0.71
MZHIX	0.12	0.00	(0.20)	0.05	0.07	(0.17)	0.25	(0.25)	1.00
PYRLX	0.11	0.00	(0.25)	0.06	0.06	(0.14)	0.24	(0.24)	0.94
RTHAX	0.06	0.01	(0.29)	0.70	0.00	(0.13)	0.21	(0.10)	0.42
NHCCX	0.11	0.01	(0.26)	(0.58)	0.05	(0.17)	0.42	(0.21)	1.05

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