Sa International Correlations

Mutual Funds . USA . 
Fund . Sa International Value
SAHMX Fund  USD 15.70  0.03  0.19%   
The current 90-days correlation between Sa International Value and Sa Value is 0.14 (i.e., Average diversification). The correlation of Sa International 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 International Correlation With Market

Average diversification

The correlation between Sa International Value and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Value 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 International Value. 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 population.

Moving together with SAHMX Mutual Fund

  0.93SABTX Sa ValuePairCorr
  0.98SAEMX Sa Emerging MarketsPairCorr
  0.99SAISX Sa International SmallPairCorr
  0.97SAMKX Sa Mkt FdPairCorr
  0.78SAREX Sa Real EstatePairCorr
  0.91SAUFX Sa Fixed IncmePairCorr
  0.94SAUMX Sa SmallPairCorr
  0.84SAXIX Sa Global FixedPairCorr
  0.98SAWMX Sa Worldwide ModeratePairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.99OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.99OAKIX Oakmark InternationalPairCorr
  0.99OAYIX Oakmark InternationalPairCorr
  0.99OAZIX Oakmark InternationalPairCorr
  0.99FINVX Fidelity Series IntePairCorr
  0.98VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.92FSMMX Fs Multi StrategyPairCorr
  0.98BTMPX Ishares Msci EafePairCorr
  0.98BTMKX Blackrock InternationalPairCorr
  0.98MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.69MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.74SPMJX Invesco Steelpath MlpPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.96ROFCX Royce OpportunityPairCorr
  0.98FAQTX American Funds 2035PairCorr
  0.77FPHAX Pharmaceuticals PortfolioPairCorr
  0.97JFQUX Jpmorgan InvestorPairCorr
  0.74NREEX Neuberger Berman RealPairCorr
  0.91RPEIX T Rowe PricePairCorr
  0.97GGCCX Gabelli GrowthPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.96MIGFX Massachusetts InvestorsPairCorr
  0.98NTDSX Nationwide DestinationPairCorr
  0.96MIMSX Bny Mellon MidPairCorr
  0.98PDARX Diversified Real AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SAHMX Mutual Fund performing well and Sa International 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 International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABTX  0.65  0.02  0.00  0.16  0.64 
(0.73)
 1.58 
(1.08)
 4.58 
SAEMX  0.50  0.24  0.23  1.34  0.00 
(0.65)
 1.31 
(0.81)
 3.41 
SAISX  0.47  0.21  0.17  1.14  0.00 
(0.57)
 1.28 
(0.82)
 2.61 
SAHMX  0.48  0.20  0.12  2.94  0.00 
(0.61)
 1.24 
(0.82)
 2.41 
SAMKX  0.66  0.10  0.10  0.24  0.57 
(0.75)
 1.91 
(1.21)
 4.97 
SAREX  0.63  0.12 (0.03)(0.74) 0.79 
(0.72)
 1.71 
(1.39)
 4.52 
SAUFX  0.10  0.03 (0.65)(1.96) 0.00 
(0.15)
 0.21 
(0.21)
 0.74 
SAUMX  0.82  0.09  0.09  0.22  0.80 
(0.96)
 2.30 
(1.70)
 6.08 
SAXIX  0.10  0.01 (0.65)(1.84) 0.00 
(0.16)
 0.23 
(0.23)
 0.68 
SAWMX  0.34  0.16  0.05 (2.81) 0.00 
(0.43)
 1.02 
(0.73)
 2.13 

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