Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SXMAX Fund  USD 19.05  0.03  0.16%   
The current 90-days correlation between Saat Moderate Strategy and Simt Managed Volatility is 0.93 (i.e., Almost no 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

Very poor diversification

The correlation between Saat Moderate Strategy and DJI is 0.86 (i.e., Very 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 nation.

Moving together with Saat Mutual Fund

  0.84SRWAX Saat Market GrowthPairCorr
  0.96SSCGX Simt Small CapPairCorr
  0.9SSGAX Saat Aggressive StrategyPairCorr
  0.89SASDX Saat Aggressive StrategyPairCorr
  0.97SSMAX Siit Small MidPairCorr
  0.74TFCAX Tax Free ConservativePairCorr
  0.77TFCYX Tax Free ConservativePairCorr
  0.96SSPIX Simt Sp 500PairCorr
  0.88STDAX Saat Defensive StrategyPairCorr
  0.88ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.95STMPX Simt Tax ManagedPairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.67SCMSX Saat E MarketPairCorr
  0.96SCPAX Siit Large CapPairCorr
  0.99SUSYX Simt Managed VolatilityPairCorr
  0.76SUSAX Siit Ultra ShortPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.98SVAYX Simt Large CapPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.99SVOAX Simt Managed VolatilityPairCorr
  0.94SDYYX Simt Dynamic AssetPairCorr
  0.9SEAIX Saat Aggressive StrategyPairCorr

Moving against Saat Mutual Fund

  0.61SCFYX Simt E FixedPairCorr
  0.61CFVAX Catholic Values FixedPairCorr
  0.61SCOAX Siit E FixedPairCorr
  0.61CFVYX Catholic Values FixedPairCorr
  0.61SCXIX Sei Insti MgdPairCorr
  0.62SEGMX Sdit Gnma FundPairCorr
  0.33SEEIX Sei Instit InternationalPairCorr
  0.32SEFCX Sit International EquityPairCorr

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.

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