Sa Us Correlations

SAUFX Fund

USD 9.69 0.01 0.10%

The current 90-days correlation between Sa Fixed Incme and Fidelity Advisor Financial is -0.15 (i.e., Good diversification). The correlation of Sa Us 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 Us Correlation With Market

Good diversification

The correlation between Sa Fixed Incme and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Fixed Incme 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 Fixed Incme. 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 census.

Moving together with SAUFX Mutual Fund

0.62	SAUMX	Sa Small	Pair Corr
0.9	SAXIX	Sa Global Fixed	Pair Corr
0.7	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.63	XFINX	Angel Oak Financial	Pair Corr
0.65	VISGX	Vanguard Small Cap	Pair Corr
0.74	CSPEX	Smallcap World	Pair Corr
0.8	MNEVX	Mainstay Conservative Etf	Pair Corr
0.77	RYRCX	Retailing Fund Class	Pair Corr

Related Correlations Analysis

	FFSIX	GCFSX	MSVIX	IAAEX	RPFGX	RGFIX
FFSIX		0.96	0.88	0.92	1.0	0.0	FFSIX
GCFSX	0.96		0.9	0.88	0.97	0.0	GCFSX
MSVIX	0.88	0.9		0.94	0.89	0.0	MSVIX
IAAEX	0.92	0.88	0.94		0.93	0.0	IAAEX
RPFGX	1.0	0.97	0.89	0.93		0.0	RPFGX
RGFIX	0.0	0.0	0.0	0.0	0.0		RGFIX
	FFSIX	GCFSX	MSVIX	IAAEX	RPFGX	RGFIX

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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

RPFGX	+ 1.0	FFSIX
RPFGX	+ 0.97	GCFSX
GCFSX	+ 0.96	FFSIX
IAAEX	+ 0.94	MSVIX
RPFGX	+ 0.93	IAAEX
IAAEX	+ 0.92	FFSIX

High negative correlations

RGFIX	- 0.0	RPFGX
RGFIX	- 0.0	IAAEX
RGFIX	- 0.0	MSVIX
RGFIX	- 0.0	GCFSX
RGFIX	- 0.0	FFSIX

Risk-Adjusted Indicators

There is a big difference between SAUFX Mutual Fund performing well and Sa Us 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 Us' 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
FFSIX	0.82	0.05	0.13	0.16	0.48	(0.98)	1.85	(1.15)	9.78
GCFSX	0.65	0.00	(0.01)	0.13	0.59	(0.85)	1.52	(1.41)	6.07
MSVIX	0.75	(0.04)	(0.01)	0.10	0.67	(0.87)	1.78	(1.37)	5.71
IAAEX	0.53	(0.04)	(0.12)	0.08	0.50	(0.60)	1.03	(0.91)	3.17
RPFGX	0.79	0.02	0.07	0.14	0.55	(0.97)	1.85	(1.40)	7.59
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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