Sa International Correlations

SAHMX Fund  USD 13.57  0.07  0.51%   
The current 90-days correlation between Sa International Value and Technology Ultrasector Profund is 0.09 (i.e., Significant 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

Average diversification

The correlation between Sa International Value and DJI is 0.12 (i.e., Average 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

  0.7SAEMX Sa Emerging MarketsPairCorr
  0.97SAISX Sa International SmallPairCorr
  0.74DOXFX Dodge Cox InternationalPairCorr
  0.83OANIX Oakmark InternationalPairCorr
  0.84DODFX Dodge International StockPairCorr
  0.92OAKIX Oakmark InternationalPairCorr
  0.83OAYIX Oakmark InternationalPairCorr
  0.83OAZIX Oakmark InternationalPairCorr
  0.96FINVX Fidelity Series IntePairCorr
  0.93VTRIX Vanguard InternationalPairCorr
  0.95RRIGX T Rowe PricePairCorr

Moving against SAHMX Mutual Fund

  0.67LSHUX Horizon Spin OffPairCorr
  0.67LSHEX Kinetics Spin OffPairCorr
  0.62MLPNX Oppenheimer Steelpath MlpPairCorr
  0.62OSPPX Oppenheimer Steelpath MlpPairCorr
  0.62SPMPX Invesco Steelpath MlpPairCorr
  0.62MLPLX Oppenheimer Steelpath MlpPairCorr
  0.62SPMJX Invesco Steelpath MlpPairCorr
  0.47SABTX Sa ValuePairCorr
  0.46SAUMX Sa SmallPairCorr
  0.43SAMKX Sa Mkt FdPairCorr
  0.68WWNPX Kinetics ParadigmPairCorr
  0.67LSHAX Horizon Spin OffPairCorr
  0.67LSHCX Horizon Spin OffPairCorr
  0.52VSGAX Vanguard Small CapPairCorr
  0.51VSMAX Vanguard Small CapPairCorr
  0.47TILIX Tiaa-cref Large-capPairCorr
  0.46VFINX Vanguard 500 IndexPairCorr
  0.46VFIAX Vanguard 500 IndexPairCorr
  0.44PREIX T Rowe PricePairCorr
  0.44CLXRX Columbia Large CapPairCorr

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   
PGKCXJAGTX
JAGTXTEPIX
PGKCXTEPIX
ROGSXTEPIX
JAGTXROGSX
PGKCXROGSX
  
High negative correlations   
FRBRXDRGTX
FRBRXJAGTX
FRBRXPGKCX
FRBRXTEPIX

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.