Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SMSDX Fund  USD 12.12  0.04  0.33%   
The current 90-days correlation between Saat Moderate Strategy and Gamco Global Telecommunications is 0.67 (i.e., Poor 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 -0.11 (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 unemployment.

Moving together with Saat Mutual Fund

  0.98SRWAX Saat Market GrowthPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.97SSEAX Siit Screened WorldPairCorr
  0.92SSMAX Siit Small MidPairCorr
  0.94TFCAX Tax Free ConservativePairCorr
  0.97SSPIX Simt Sp 500PairCorr
  0.98SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.95STMSX Simt Tax ManagedPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.67SCOAX Siit E FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.92SUSYX Simt Managed VolatilityPairCorr
  0.94SUSAX Siit Ultra ShortPairCorr
  0.84SDGFX Sdit Short DurationPairCorr
  0.98SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.99SEAIX Saat Aggressive StrategyPairCorr
  0.9SVTAX Simt Global ManagedPairCorr
  0.96SEDIX Saat Defensive StrategyPairCorr
  0.95SECAX Siit Small CapPairCorr
  0.97SEDAX Siit Emerging MarketsPairCorr
  0.71SEFIX Sit International FixedPairCorr
  0.97SEEIX Sei Instit InternationalPairCorr
  0.97SEFCX Sit International EquityPairCorr
  0.97SEHAX Siit Equity FactorPairCorr
  0.74SEIRX Simt Real EstatePairCorr
  0.98SEITX Sit International EquityPairCorr
  0.87SEIMX Stet Intermediate TermPairCorr
  0.98SEIYX Simt High YieldPairCorr
  0.95SEMCX Simt Mid CapPairCorr
  0.97SELCX Simt Large CapPairCorr
  0.97SEQFX Sit Emerging MarketsPairCorr
  0.96SEPAX Stet PennsylvaniaPairCorr
  0.92SEVIX Simt Managed VolatilityPairCorr
  0.85SWSAX Siit World SelectPairCorr
  0.95SFDYX Simt Mid CapPairCorr
  0.95AAEZX Enhanced Fixed IncomePairCorr

Related Correlations Analysis

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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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