Sa Real Correlations
| SAREX Fund | USD 12.60 0.16 1.29% |
The current 90-days correlation between Sa Real Estate and Morningstar Municipal Bond is 0.02 (i.e., Significant diversification). The correlation of Sa Real 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 Real Correlation With Market
Average diversification
The correlation between Sa Real Estate and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Real Estate and DJI in the same portfolio, assuming nothing else is changed.
SAREX |
Moving together with SAREX Mutual Fund
Moving against SAREX Mutual Fund
Related Correlations Analysis
| 0.98 | 0.87 | 0.89 | 0.95 | 0.76 | 0.95 | MSTPX | ||
| 0.98 | 0.88 | 0.89 | 0.97 | 0.8 | 0.96 | PRINX | ||
| 0.87 | 0.88 | 0.99 | 0.89 | 0.86 | 0.9 | VCITX | ||
| 0.89 | 0.89 | 0.99 | 0.89 | 0.84 | 0.9 | BIDKX | ||
| 0.95 | 0.97 | 0.89 | 0.89 | 0.87 | 0.97 | PRFHX | ||
| 0.76 | 0.8 | 0.86 | 0.84 | 0.87 | 0.88 | AFB | ||
| 0.95 | 0.96 | 0.9 | 0.9 | 0.97 | 0.88 | PAMFX | ||
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Risk-Adjusted Indicators
There is a big difference between SAREX Mutual Fund performing well and Sa Real 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 Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTPX | 0.11 | 0.02 | (0.26) | (0.14) | 0.13 | 0.30 | 1.10 | |||
| PRINX | 0.16 | 0.02 | (0.24) | (0.13) | 0.21 | 0.44 | 1.59 | |||
| VCITX | 0.17 | 0.01 | (0.23) | 0.31 | 0.23 | 0.35 | 1.57 | |||
| BIDKX | 0.15 | 0.01 | (0.27) | 0.27 | 0.19 | 0.27 | 1.36 | |||
| PRFHX | 0.15 | 0.02 | (0.23) | (0.09) | 0.21 | 0.44 | 1.61 | |||
| AFB | 0.49 | 0.03 | (0.13) | (0.34) | 0.62 | 1.12 | 2.88 | |||
| PAMFX | 0.14 | 0.02 | (0.29) | (0.10) | 0.18 | 0.30 | 1.30 |