Sa Emerging Correlations
SAEMX Fund | USD 10.71 0.01 0.09% |
The current 90-days correlation between Sa Emerging Markets and Small Cap Stock is 0.16 (i.e., Average 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.
SAEMX |
Moving together with SAEMX Mutual Fund
0.95 | VEMAX | Vanguard Emerging Markets | PairCorr |
0.91 | VEIEX | Vanguard Emerging Markets | PairCorr |
0.91 | VEMIX | Vanguard Emerging Markets | PairCorr |
0.91 | VEMRX | Vanguard Emerging Markets | PairCorr |
0.97 | FWWNX | American Funds New | PairCorr |
0.97 | FNFWX | American Funds New | PairCorr |
0.91 | NEWFX | New World Fund | PairCorr |
0.91 | NWFFX | New World Fund | PairCorr |
0.91 | NEWCX | New World Fund | PairCorr |
0.91 | ODVYX | Oppenheimer Developing | PairCorr |
0.85 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against SAEMX Mutual Fund
0.33 | XPPRX | Voya Prime Rate | PairCorr |
0.41 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
0.4 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
0.85 | -0.16 | 0.83 | -0.51 | 0.85 | USCAX | ||
0.85 | -0.34 | 0.98 | -0.59 | 1.0 | TSRPX | ||
-0.16 | -0.34 | -0.35 | 0.69 | -0.35 | JDJRX | ||
0.83 | 0.98 | -0.35 | -0.54 | 0.98 | WMCVX | ||
-0.51 | -0.59 | 0.69 | -0.54 | -0.63 | OIDAX | ||
0.85 | 1.0 | -0.35 | 0.98 | -0.63 | PASVX | ||
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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
| High negative correlations
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
USCAX | 0.88 | 0.02 | 0.07 | 0.14 | 0.68 | 2.07 | 7.45 | |||
TSRPX | 0.85 | 0.21 | 0.10 | 4.11 | 0.61 | 2.07 | 7.55 | |||
JDJRX | 0.43 | (0.01) | (0.16) | 0.08 | 0.49 | 1.00 | 2.54 | |||
WMCVX | 0.86 | 0.17 | 0.06 | 1.96 | 0.66 | 1.99 | 7.94 | |||
OIDAX | 0.59 | (0.02) | 0.00 | 0.90 | 0.00 | 1.16 | 4.20 | |||
PASVX | 0.72 | 0.17 | 0.07 | 4.42 | 0.47 | 1.74 | 6.47 |