Sa International Correlations

SAHMX Fund  USD 13.66  0.06  0.44%   
The current 90-days correlation between Sa International Value and Short Precious Metals is 0.07 (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

Significant diversification

The correlation between Sa International Value and DJI is 0.05 (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

  0.72SAEMX Sa Emerging MarketsPairCorr
  0.9SAISX 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
  0.93VTRIX Vanguard InternationalPairCorr
  0.95RRIGX T Rowe PricePairCorr
  0.65LIIAX Columbia Porate IncomePairCorr
  0.83CIFRX Columbia Porate IncomePairCorr

Moving against SAHMX Mutual Fund

  0.47SABTX Sa ValuePairCorr
  0.46SAUMX Sa SmallPairCorr
  0.43SAMKX Sa Mkt FdPairCorr
  0.71BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.68TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.62DIS Walt DisneyPairCorr
  0.54CSCO Cisco SystemsPairCorr
  0.44VFINX Vanguard 500 IndexPairCorr
  0.44VFIAX Vanguard 500 IndexPairCorr
  0.41AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.38FRAAX Franklin Growth OppoPairCorr
  0.33JCE Nuveen Core EquityPairCorr

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   
INIVXEPGFX
EPGFXIOGYX
INIVXIOGYX
UIPMXEPGIX
EPGFXEPGIX
INIVXEPGIX
  
High negative correlations   
EPGFXSPPIX
UIPMXSPPIX
INIVXSPPIX
IOGYXSPPIX
EPGIXSPPIX
GLRBXVGSBX

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.