Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PSWIX Fund  USD 23.21  0.02  0.09%   
The current 90-days correlation between Strategic Asset Mana and Prudential High Yield is 0.53 (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

Good diversification

The correlation between Strategic Asset Management and DJI is -0.1 (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 gross domestic product.

Moving together with Strategic Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  1.0SAGPX Strategic Asset ManaPairCorr
  0.97PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.96PFIFX Strategic Asset ManaPairCorr
  0.96PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.98PFLJX Principal Lifetime 2050PairCorr
  0.98PFPPX Midcap GrowthPairCorr
  0.66PFRSX Real Estate SecuritiesPairCorr
  0.97SAUPX Strategic Asset ManaPairCorr
  0.94PFUMX Finisterre UnconstrainedPairCorr
  0.96PGBAX Global Diversified IncomePairCorr
  0.95PGBLX Global Diversified IncomePairCorr
  0.98PGBEX Blue Chip FundPairCorr
  0.98PGBGX Blue Chip FundPairCorr
  0.98PGBHX Blue Chip FundPairCorr
  0.94PGDCX Global Diversified IncomePairCorr
  0.95PGDIX Global Diversified IncomePairCorr
  0.94PGDRX Diversified Real AssetPairCorr
  0.97PGLSX Global Multi StrategyPairCorr
  0.87STCCX Short Term IncomePairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.83PGRUX Global Real EstatePairCorr
  0.78PGSLX Principal Global SusPairCorr
  0.83PGRKX Global Real EstatePairCorr
  0.98PGWIX Midcap GrowthPairCorr
  0.98SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX Strategic Asset ManaPairCorr
  0.98SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.97PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  0.98PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX 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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