Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PFIJX Fund  USD 12.25  0.05  0.41%   
The current 90-days correlation between Strategic Asset Mana and Cornerstone Moderately Aggressive is -0.03 (i.e., Good 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

Good diversification

The correlation between Strategic Asset Management and DJI is -0.11 (i.e., Good 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 Your Equity Center 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 inflation.

Moving together with Strategic Mutual Fund

  0.98SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.97SAGPX Strategic Asset ManaPairCorr
  0.9PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.82PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.89PFLJX Principal Lifetime 2050PairCorr
  0.88PFPPX Midcap GrowthPairCorr
  0.75PFRSX Real Estate SecuritiesPairCorr
  1.0SAUPX Strategic Asset ManaPairCorr
  0.92PFUMX Finisterre UnconstrainedPairCorr
  0.98PGBAX Global Diversified IncomePairCorr
  0.98PGBLX Global Diversified IncomePairCorr
  0.86PGBEX Blue Chip FundPairCorr
  0.86PGBGX Blue Chip FundPairCorr
  0.86PGBHX Blue Chip FundPairCorr
  0.96PGDCX Global Diversified IncomePairCorr
  0.98PGDIX Global Diversified IncomePairCorr
  0.87PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.87STCCX Short Term IncomePairCorr
  0.9PGRTX Smallcap GrowthPairCorr
  0.84PGRUX Global Real EstatePairCorr
  0.75PGSLX Principal Global SusPairCorr
  0.84PGRKX Global Real EstatePairCorr
  0.88PGWIX Midcap GrowthPairCorr
  0.91SCBPX Strategic Asset ManaPairCorr
  0.93SCIPX Strategic Asset ManaPairCorr
  0.9SCGPX Strategic Asset ManaPairCorr
  0.9PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.89PHJGX Principal Lifetime HybridPairCorr
  0.89PHJBX Principal Lifetime HybridPairCorr
  0.96PHJDX Principal Lifetime HybridPairCorr
  0.91PHJNX Principal Lifetime HybridPairCorr
  0.92PHJQX Principal Lifetime HybridPairCorr
  0.97PHJJX Principal Lifetime HybridPairCorr

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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