Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SAUPX Fund  USD 12.44  0.02  0.16%   
The current 90-days correlation between Strategic Asset Mana and Strategic Asset Management is 0.89 (i.e., Very poor 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 -0.06 (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 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

  0.98SABPX Strategic Asset ManaPairCorr
  0.97SACAX Strategic Asset ManaPairCorr
  0.98SAGPX Strategic Asset ManaPairCorr
  1.0PFIJX Strategic Asset ManaPairCorr
  0.93PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.95PFISX International Small PanyPairCorr
  0.98PFIPX Strategic Asset ManaPairCorr
  0.99SAIPX Strategic Asset ManaPairCorr
  0.96PFLJX Principal Lifetime 2050PairCorr
  0.96PFPPX Midcap GrowthPairCorr
  0.73PFRSX Real Estate SecuritiesPairCorr
  0.97PFUMX Finisterre UnconstrainedPairCorr
  0.99PGBAX Global Diversified IncomePairCorr
  0.98PGBLX Global Diversified IncomePairCorr
  0.95PGBEX Blue Chip FundPairCorr
  0.95PGBGX Blue Chip FundPairCorr
  0.95PGBHX Blue Chip FundPairCorr
  0.99PGDCX Global Diversified IncomePairCorr
  0.99PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.94STCCX Short Term IncomePairCorr
  0.96PGRTX Smallcap GrowthPairCorr
  0.85PGRUX Global Real EstatePairCorr
  0.78PGSLX Principal Global SusPairCorr
  0.87PGRKX Global Real EstatePairCorr
  0.96PGWIX Midcap GrowthPairCorr
  0.97SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  0.97SCGPX Strategic Asset ManaPairCorr
  0.97PHJEX Principal Lifetime HybridPairCorr
  0.98PHJFX Principal Lifetime HybridPairCorr
  0.96PHJGX Principal Lifetime HybridPairCorr
  0.96PHJBX Principal Lifetime HybridPairCorr
  0.96PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.99PHJQX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.39  0.15  0.02 (2.65) 0.24 
(0.44)
 1.21 
(0.83)
 2.84 
SACAX  0.54  0.21  0.09 (2.36) 0.43 
(0.61)
 1.64 
(1.27)
 3.89 
SAGPX  0.47  0.19  0.06 (2.23) 0.36 
(0.53)
 1.49 
(1.10)
 3.45 
PFIJX  0.22  0.08 (0.14)(3.74) 0.00 
(0.29)
 0.69 
(0.40)
 1.61 
PFIEX  0.56  0.12  0.05  0.41  0.47 
(0.62)
 1.33 
(1.13)
 3.32 
PFIFX  0.23  0.03 (0.19) 0.25  0.04 
(0.28)
 0.60 
(0.40)
 1.51 
PFISX  0.48  0.17  0.09  0.85  0.24 
(0.57)
 1.29 
(0.85)
 2.75 
PFIPX  0.22  0.03 (0.17) 0.26  0.06 
(0.28)
 0.57 
(0.40)
 1.59 
SAIPX  0.28  0.11 (0.06)(3.24) 0.00 
(0.33)
 0.89 
(0.46)
 1.97 
PFLJX  0.53  0.09  0.07  0.25  0.43 
(0.59)
 1.62 
(1.27)
 3.85 

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