Sa International Correlations

SAHMX Fund  USD 13.72  0.15  1.11%   
The current 90-days correlation between Sa International Value and Jhancock Diversified Macro is 0.46 (i.e., Very weak diversification). The correlation of Sa International 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 International Correlation With Market

Significant diversification

The correlation between Sa International Value and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Value 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 International Value. 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 SAHMX Mutual Fund

  0.74SAEMX Sa Emerging MarketsPairCorr
  0.91SAISX Sa International SmallPairCorr
  0.86DOXFX Dodge Cox InternationalPairCorr
  0.92OANIX Oakmark InternationalPairCorr
  0.83DODFX Dodge International StockPairCorr
  0.87OAKIX Oakmark InternationalPairCorr
  0.92OAYIX Oakmark InternationalPairCorr
  0.92OAZIX Oakmark InternationalPairCorr
  0.96FINVX Fidelity Series IntePairCorr
  0.89VTRIX Vanguard InternationalPairCorr
  0.95RRIGX T Rowe PricePairCorr
  0.87VTISX Vanguard Total InterPairCorr
  0.87VTSNX Vanguard Total InterPairCorr
  0.87VTPSX Vanguard Total InterPairCorr

Moving against SAHMX Mutual Fund

  0.63DAAIX Dunham AppreciationPairCorr
  0.46VSTSX Vanguard Total StockPairCorr
  0.46VSMPX Vanguard Total StockPairCorr
  0.46VITSX Vanguard Total StockPairCorr
  0.46VTSAX Vanguard Total StockPairCorr
  0.45DPG Duff And PhelpsPairCorr
  0.43VFFSX Vanguard 500 IndexPairCorr
  0.43VFIAX Vanguard 500 IndexPairCorr
  0.43VINIX Vanguard InstitutionalPairCorr
  0.41SAMKX Sa Mkt FdPairCorr
  0.4FCYIX Industrials PortfolioPairCorr
  0.68CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.64AMLPX Maingate MlpPairCorr
  0.63FGRIX Fidelity Growth IncomePairCorr
  0.58AVEMX Ave Maria ValuePairCorr
  0.52VISGX Vanguard Small CapPairCorr
  0.51DFSVX Us Small CapPairCorr
  0.5DODGX Dodge Stock FundPairCorr
  0.49VIGIX Vanguard Growth IndexPairCorr
  0.48CMGIX Blackrock Mid CapPairCorr
  0.46HGORX Hartford GrowthPairCorr
  0.45XFINX Angel Oak FinancialPairCorr

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   
LIGFXSMILX
LIGFXGPTCX
GPTCXFPTPX
TCVCXFPTPX
GPTCXTCVCX
HNIDXJDJRX
  
High negative correlations   
SMILXHNIDX
SMILXJDJRX

Risk-Adjusted Indicators

There is a big difference between SAHMX Mutual Fund performing well and Sa International 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 International'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.