Saaex Correlations

SAAEX Fund

USD 10.64 0.03 0.28%

The correlation of Saaex 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saaex. 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 income.

Moving together with Saaex Mutual Fund

0.62	NHS	Neuberger Berman High	Pair Corr
0.71	PFE	Pfizer Inc	Pair Corr
0.69	MRK	Merck Company	Pair Corr

Moving against Saaex Mutual Fund

0.33	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.31	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.98	0.98	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.98	0.98	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.98	0.98	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.98	0.98	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.98	0.98	VFFSX
VGTSX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98		1.0	VGTSX
VTIAX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Saaex Mutual Fund performing well and Saaex 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 Saaex'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
VTSAX	0.66	0.12	0.11	0.27	0.54	(0.76)	2.07	(1.17)	5.05
VFIAX	0.65	0.11	0.11	0.25	0.56	(0.75)	2.02	(1.11)	4.88
VTSMX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VITSX	0.66	0.12	0.11	0.26	0.55	(0.75)	2.07	(1.17)	5.05
VSTSX	0.66	0.12	0.12	0.26	0.55	(0.73)	2.08	(1.17)	5.04
VSMPX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VFINX	0.66	0.12	0.11	0.26	0.54	(0.77)	2.02	(1.11)	4.88
VFFSX	0.65	0.11	0.11	0.25	0.56	(0.72)	2.02	(1.11)	4.88
VGTSX	0.46	0.15	0.11	0.52	0.17	(0.52)	1.31	(0.84)	3.09
VTIAX	0.46	0.15	0.10	0.52	0.19	(0.52)	1.35	(0.86)	3.10

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Saaex Correlations

Moving together with Saaex Mutual Fund

Moving against Saaex Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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