Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SMOAX Fund  USD 12.03  0.01  0.08%   
The current 90-days correlation between Saat Moderate Strategy and Calamos Dynamic Convertible is 0.16 (i.e., Average diversification). The correlation of Saat Moderate 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.

Saat Moderate Correlation With Market

Good diversification

The correlation between Saat Moderate Strategy and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Moderate Strategy 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 Saat Moderate Strategy. 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 nation.

Moving together with Saat Mutual Fund

  0.96SAAAX Simt Multi AssetPairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.81SSCGX Simt Small CapPairCorr
  0.83SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.79SSMAX Siit Small MidPairCorr
  0.73TFCAX Tax Free ConservativePairCorr
  0.73TFCYX Tax Free ConservativePairCorr
  0.81SSPIX Simt Sp 500PairCorr
  0.84SSTDX Saat Servative StrategyPairCorr
  0.97SBDAX Stet California MunicipalPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.95STVYX Simt Tax ManagedPairCorr
  0.67SCFYX Simt E FixedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.66CFVAX Catholic Values FixedPairCorr
  0.68SCOAX Siit E FixedPairCorr
  0.66CFVYX Catholic Values FixedPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.65SCXIX Sei Insti MgdPairCorr
  0.97SCYYX Stet California MunicipalPairCorr
  0.97SUMAX Stet Short DurationPairCorr
  0.79SUSYX Simt Managed VolatilityPairCorr
  0.76SUSAX Siit Ultra ShortPairCorr
  0.7SDGFX Sdit Short DurationPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.97SDYAX Simt Dynamic AssetPairCorr
  0.79SVOAX Simt Managed VolatilityPairCorr
  0.97SDYYX Simt Dynamic AssetPairCorr
  1.0SVSAX Saat Servative StrategyPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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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   
VAADX
+ 1.0
XNCVX
LCFYX
+ 1.0
XNCVX
LCFYX
+ 1.0
VAADX
PCNTX
+ 0.99
XNCVX
ARBOX
+ 0.99
XNCVX
PCNTX
+ 0.99
VAADX
  
High negative correlations   
LCFYX
- 0.2
CCD
VAADX
- 0.19
CCD
XNCVX
- 0.19
CCD
ARBOX
- 0.16
CCD
PCNTX
- 0.13
CCD

Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Moderate 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 Saat Moderate'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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