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 0.17 (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.

Sa Emerging Correlation With Market

Significant diversification

The correlation between Sa Emerging Markets and DJI is 0.02 (i.e., Significant 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

  0.7SAHMX Sa International ValuePairCorr
  0.93VEMAX Vanguard Emerging MarketsPairCorr
  0.91VEIEX Vanguard Emerging MarketsPairCorr
  0.91VEMIX Vanguard Emerging MarketsPairCorr
  0.91VEMRX Vanguard Emerging MarketsPairCorr
  0.96FWWNX American Funds NewPairCorr
  0.96FNFWX American Funds NewPairCorr
  0.91NEWFX New World FundPairCorr
  0.91NWFFX New World FundPairCorr
  0.91NEWCX New World FundPairCorr
  0.91ODVYX Oppenheimer DevelopingPairCorr
  0.76BISMX Brandes InternationalPairCorr
  0.66MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Moving against SAEMX Mutual Fund

  0.47PG Procter GamblePairCorr
  0.35DIS Walt DisneyPairCorr
  0.34JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.33BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr

Related Correlations Analysis

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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   
PASVXTSRPX
WMCVXTSRPX
PASVXWMCVX
TSRPXUSCAX
PASVXUSCAX
WMCVXUSCAX
  
High negative correlations   
PASVXOIDAX
OIDAXTSRPX
OIDAXWMCVX
OIDAXUSCAX
PASVXJDJRX
WMCVXJDJRX

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.