Sa International Correlations
SAISX Fund | USD 21.34 0.04 0.19% |
The current 90-days correlation between Sa International Small and Sa International Value is 0.79 (i.e., Poor 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
Weak diversification
The correlation between Sa International Small and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Small and DJI in the same portfolio, assuming nothing else is changed.
SAISX |
Moving together with SAISX Mutual Fund
0.71 | SAEMX | Sa Emerging Markets | PairCorr |
0.97 | SAHMX | Sa International Value | PairCorr |
1.0 | DFISX | International Small Pany | PairCorr |
0.96 | VFSNX | Vanguard Ftse All | PairCorr |
0.99 | GICIX | Goldman Sachs Intern | PairCorr |
0.99 | GIRLX | Goldman Sachs Intern | PairCorr |
0.99 | GICUX | Goldman Sachs Intern | PairCorr |
0.91 | FISMX | Fidelity International | PairCorr |
0.99 | GICCX | Goldman Sachs Intern | PairCorr |
0.99 | GICAX | Goldman Sachs Intern | PairCorr |
0.99 | MISAX | Victory Trivalent | PairCorr |
0.93 | MCISX | Victory Trivalent | PairCorr |
0.72 | GAAKX | Gmo Alternative Allo | PairCorr |
0.79 | GAAGX | Gmo Alternative Allo | PairCorr |
0.7 | GPBFX | Gmo E Plus | PairCorr |
Moving against SAISX Mutual Fund
0.48 | SABTX | Sa Value | PairCorr |
0.46 | SAUMX | Sa Small | PairCorr |
0.4 | SAMKX | Sa Mkt Fd | PairCorr |
0.7 | BTCFX | Bitcoin Strategy Profund Steady Growth | PairCorr |
0.65 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
0.45 | VFIAX | Vanguard 500 Index | PairCorr |
0.42 | DSPIX | Dreyfus Institutional | PairCorr |
0.42 | VINIX | Vanguard Institutional | PairCorr |
0.37 | SWSFX | Ultra Short Fixed | PairCorr |
Related Correlations Analysis
-0.47 | -0.46 | -0.43 | 0.24 | SAHMX | ||
-0.47 | 0.98 | 0.96 | 0.16 | SABTX | ||
-0.46 | 0.98 | 0.96 | 0.26 | SAUMX | ||
-0.43 | 0.96 | 0.96 | 0.21 | SAMKX | ||
0.24 | 0.16 | 0.26 | 0.21 | SAXIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SAISX 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SAHMX | 0.58 | (0.06) | 0.00 | (0.36) | 0.00 | 1.36 | 3.26 | |||
SABTX | 0.60 | (0.05) | (0.09) | 0.08 | 0.48 | 1.19 | 4.93 | |||
SAUMX | 0.75 | 0.00 | 0.05 | 0.13 | 0.53 | 1.74 | 6.40 | |||
SAMKX | 0.51 | 0.03 | 0.00 | 0.17 | 0.47 | 1.07 | 4.10 | |||
SAXIX | 0.08 | 0.01 | (0.95) | 0.65 | 0.00 | 0.11 | 0.45 |