Sa International Correlations

SAHMX Fund  USD 13.57  0.07  0.51%   
The current 90-days correlation between Sa International Value and Transamerica Intermediate Muni 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

Significant diversification

The correlation between Sa International Value and DJI is 0.06 (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

  0.7SAEMX Sa Emerging MarketsPairCorr
  0.9SAISX Sa International SmallPairCorr
  0.84DOXFX Dodge Cox InternationalPairCorr
  0.87OANIX Oakmark InternationalPairCorr
  0.81DODFX Dodge International StockPairCorr
  0.87OAKIX Oakmark InternationalPairCorr
  0.92OAYIX Oakmark InternationalPairCorr
  0.92OAZIX Oakmark InternationalPairCorr
  0.88FINVX Fidelity Series IntePairCorr
  0.93VTRIX Vanguard InternationalPairCorr
  0.88RRIGX T Rowe PricePairCorr
  0.86VTISX Vanguard Total InterPairCorr
  0.86VTSNX Vanguard Total InterPairCorr
  0.86VTPSX Vanguard Total InterPairCorr

Moving against SAHMX Mutual Fund

  0.65DAAIX Dunham AppreciationPairCorr
  0.47SABTX Sa ValuePairCorr
  0.47SAUMX Sa SmallPairCorr
  0.47VSTSX Vanguard Total StockPairCorr
  0.47VSMPX Vanguard Total StockPairCorr
  0.47VITSX Vanguard Total StockPairCorr
  0.47VTSAX Vanguard Total StockPairCorr
  0.44VFFSX Vanguard 500 IndexPairCorr
  0.44VFIAX Vanguard 500 IndexPairCorr
  0.44VINIX Vanguard InstitutionalPairCorr
  0.43SAMKX Sa Mkt FdPairCorr
  0.7CLM Cornerstone StrategicPairCorr
  0.65AMLPX Maingate MlpPairCorr
  0.63FGRIX Fidelity Growth IncomePairCorr
  0.59AVEMX Ave Maria ValuePairCorr
  0.53VISGX Vanguard Small CapPairCorr
  0.51DODGX Dodge Stock FundPairCorr
  0.51DFSVX Us Small CapPairCorr
  0.5VIGIX Vanguard Growth IndexPairCorr
  0.5CMGIX Blackrock Mid 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   
BBINXTIMTX
USCBXTIMTX
BBINXUSCBX
BBINXANBIX
ANBIXTIMTX
USCBXANBIX
  
High negative correlations   
BBINXLWPXX
BBINXICAXX
LWPXXICAXX
LWPXXUSCBX
ICAXXUSCBX
LWPXXANBIX

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.