Sa Emerging Correlations

SAEMX Fund

USD 10.71 0.01 0.09%

The current 90-days correlation between Sa Emerging Markets and Firsthand Alternative Energy is 0.26 (i.e., Modest diversification). The correlation of Sa Emerging 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.

Sa Emerging Correlation With Market

Average diversification

The correlation between Sa Emerging Markets and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets 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 Sa Emerging Markets. 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 population.

Moving together with SAEMX Mutual Fund

0.71	SAISX	Sa International Small	Pair Corr
0.7	SAHMX	Sa International Value	Pair Corr
0.88	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.94	FWWNX	American Funds New	Pair Corr
0.94	FNFWX	American Funds New	Pair Corr
0.96	NEWFX	New World Fund	Pair Corr
0.96	NWFFX	New World Fund	Pair Corr
0.96	NEWCX	New World Fund	Pair Corr
0.95	ODVYX	Oppenheimer Developing	Pair Corr
0.63	BTMPX	Ishares Msci Eafe	Pair Corr
0.65	BTMKX	Blackrock International	Pair Corr
0.63	MDIIX	Blackrock Intern Index	Pair Corr

Moving against SAEMX Mutual Fund

0.57	FMFFX	Fs Managed Futures	Pair Corr
0.36	FSMMX	Fs Multi Strategy	Pair Corr
0.33	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.33	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	SPMJX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	ALTEX	XEMOX	SMFPX	IEFCX	DLDCX	XGNTX	ENPSX	GRHAX
ALTEX		-0.33	-0.35	-0.21	0.13	0.64	-0.26	0.08	ALTEX
XEMOX	-0.33		0.98	0.84	0.7	-0.31	0.86	0.62	XEMOX
SMFPX	-0.35	0.98		0.88	0.75	-0.23	0.9	0.71	SMFPX
IEFCX	-0.21	0.84	0.88		0.91	-0.02	0.99	0.72	IEFCX
DLDCX	0.13	0.7	0.75	0.91		0.32	0.87	0.82	DLDCX
XGNTX	0.64	-0.31	-0.23	-0.02	0.32		-0.11	0.4	XGNTX
ENPSX	-0.26	0.86	0.9	0.99	0.87	-0.11		0.68	ENPSX
GRHAX	0.08	0.62	0.71	0.72	0.82	0.4	0.68		GRHAX
	ALTEX	XEMOX	SMFPX	IEFCX	DLDCX	XGNTX	ENPSX	GRHAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ENPSX	+ 0.99	IEFCX
SMFPX	+ 0.98	XEMOX
DLDCX	+ 0.91	IEFCX
ENPSX	+ 0.9	SMFPX
IEFCX	+ 0.88	SMFPX
ENPSX	+ 0.87	DLDCX

High negative correlations

SMFPX	- 0.35	ALTEX
XEMOX	- 0.33	ALTEX
XGNTX	- 0.31	XEMOX
ENPSX	- 0.26	ALTEX
XGNTX	- 0.23	SMFPX
IEFCX	- 0.21	ALTEX

Risk-Adjusted Indicators

There is a big difference between SAEMX Mutual Fund performing well and Sa Emerging 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 Sa Emerging'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
ALTEX	1.27	(0.10)	(0.07)	0.03	1.52	(1.34)	2.10	(2.18)	7.75
XEMOX	0.73	0.19	0.07	2.08	0.65	(0.83)	1.81	(1.31)	5.86
SMFPX	0.67	0.16	0.04	1.88	0.63	(0.81)	1.37	(1.01)	4.99
IEFCX	0.85	0.06	(0.06)	(1.42)	1.26	(0.78)	1.64	(1.96)	5.20
DLDCX	0.89	0.04	(0.07)	1.27	1.26	(0.89)	1.58	(2.05)	4.99
XGNTX	0.55	(0.03)	0.00	(0.29)	0.00	0.00	1.23	(1.26)	3.30
ENPSX	1.35	0.08	(0.03)	(4.11)	1.86	(1.36)	2.58	(3.15)	8.91
GRHAX	1.03	0.10	0.05	0.28	0.92	(1.08)	2.47	(1.61)	4.78

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC