Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SAUPX Fund  USD 12.36  0.01  0.08%   
The current 90-days correlation between Strategic Asset Mana and Fidelity Series Government is 0.49 (i.e., Very weak diversification). The correlation of Strategic Asset 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.

Strategic Asset Correlation With Market

Very weak diversification

The correlation between Strategic Asset Management and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management 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 Strategic Asset Management. 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 american community survey.

Moving together with Strategic Mutual Fund

  1.0PFIJX Strategic Asset ManaPairCorr
  0.78PFILX Strategic Asset ManaPairCorr
  1.0PFIFX Strategic Asset ManaPairCorr
  0.77PFIGX Strategic Asset ManaPairCorr
  1.0PFIPX Strategic Asset ManaPairCorr
  0.79SAIPX Strategic Asset ManaPairCorr
  0.68PFRSX Real Estate SecuritiesPairCorr
  0.76PFUMX Finisterre UnconstrainedPairCorr
  0.8PGBAX Global Diversified IncomePairCorr
  0.81PGBLX Global Diversified IncomePairCorr
  0.78PGDCX Global Diversified IncomePairCorr
  0.8PGDIX Global Diversified IncomePairCorr
  0.77PGDRX Diversified Real AssetPairCorr
  0.73STCCX Short Term IncomePairCorr
  0.69PGRUX Global Real EstatePairCorr
  0.66PGSLX Principal Global SusPairCorr
  0.68PGRKX Global Real EstatePairCorr
  0.73PYHIX High Yield FundPairCorr
  0.83SCIPX Strategic Asset ManaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Asset 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 Strategic Asset'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.

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