Sa Global Correlations

SAXIX Fund

USD 8.92 0.01 0.11%

The current 90-days correlation between Sa Global Fixed and Sa Value is -0.02 (i.e., Good diversification). The correlation of Sa Global 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 Global Correlation With Market

Significant diversification

The correlation between Sa Global Fixed and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Global Fixed 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 Global Fixed. 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 SAXIX Mutual Fund

0.82	SABTX	Sa Value	Pair Corr
0.84	SAEMX	Sa Emerging Markets	Pair Corr
0.87	SAISX	Sa International Small	Pair Corr
0.85	SAHMX	Sa International Value	Pair Corr
0.81	SAMKX	Sa Mkt Fd	Pair Corr
0.74	SAREX	Sa Real Estate	Pair Corr
0.96	SAUFX	Sa Fixed Incme	Pair Corr
0.85	SAWMX	Sa Worldwide Moderate	Pair Corr
0.61	PFOAX	Pimco Foreign Bond	Pair Corr
0.61	PFOCX	Pimco Foreign Bond	Pair Corr
0.64	PFONX	Pimco International Bond	Pair Corr
0.76	NHS	Neuberger Berman High	Pair Corr
0.81	FLRAX	Nuveen Large Cap	Pair Corr
0.75	IFRIX	Voya Floating Rate	Pair Corr
0.65	CEDAX	Destra International	Pair Corr
0.83	BIIVX	Blackrock International	Pair Corr
0.84	OANEX	Oakmark International	Pair Corr
0.79	XAGDX	Alpine Global Dynamic	Pair Corr
0.62	CCWCX	Capital World Bond	Pair Corr

Related Correlations Analysis

	SABTX	SAISX	SAHMX	SAMKX	SAUFX	SAUMX	SAXIX	MNDVUX	NWWAX
SABTX		0.94	0.92	0.98	0.91	0.76	0.82	0.74	0.0	SABTX
SAISX	0.94		0.99	0.97	0.93	0.67	0.87	0.64	0.0	SAISX
SAHMX	0.92	0.99		0.96	0.91	0.61	0.85	0.59	0.0	SAHMX
SAMKX	0.98	0.97	0.96		0.89	0.75	0.81	0.71	0.0	SAMKX
SAUFX	0.91	0.93	0.91	0.89		0.62	0.96	0.62	0.0	SAUFX
SAUMX	0.76	0.67	0.61	0.75	0.62		0.52	0.83	0.0	SAUMX
SAXIX	0.82	0.87	0.85	0.81	0.96	0.52		0.51	0.0	SAXIX
MNDVUX	0.74	0.64	0.59	0.71	0.62	0.83	0.51		0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NWWAX
	SABTX	SAISX	SAHMX	SAMKX	SAUFX	SAUMX	SAXIX	MNDVUX	NWWAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SAHMX	+ 0.99	SAISX
SAMKX	+ 0.98	SABTX
SAMKX	+ 0.97	SAISX
SAMKX	+ 0.96	SAHMX
SAXIX	+ 0.96	SAUFX
SAISX	+ 0.94	SABTX

High negative correlations

NWWAX	- 0.0	MNDVUX
NWWAX	- 0.0	SAXIX
NWWAX	- 0.0	SAUMX
NWWAX	- 0.0	SAUFX
NWWAX	- 0.0	SAMKX
NWWAX	- 0.0	SAHMX

Risk-Adjusted Indicators

There is a big difference between SAXIX Mutual Fund performing well and Sa Global 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 Global'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
SABTX	0.65	0.16	0.02	(1.54)	0.62	(0.73)	1.58	(1.08)	4.58
SAISX	0.49	0.26	0.20	(54.99)	0.00	(0.59)	1.33	(0.82)	2.71
SAHMX	0.51	0.24	0.17	(18.22)	0.00	(0.66)	1.25	(0.82)	3.25
SAMKX	0.67	0.25	0.11	(2.12)	0.57	(0.75)	1.91	(1.21)	4.97
SAUFX	0.11	0.02	(0.62)	(1.73)	0.00	(0.15)	0.21	(0.21)	0.74
SAUMX	0.79	0.30	0.16	(1.98)	0.64	(0.96)	2.30	(1.26)	6.08
SAXIX	0.10	0.01	(0.67)	2.87	0.00	(0.16)	0.23	(0.23)	0.68
MNDVUX	0.60	0.08	0.06	0.25	0.49	(0.71)	1.53	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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