Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SMSDX Fund  USD 12.08  0.03  0.25%   
The current 90-days correlation between Saat Moderate Strategy and World Energy Fund is -0.07 (i.e., Good 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

Very weak diversification

The correlation between Saat Moderate Strategy and DJI is 0.53 (i.e., Very weak 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

  0.96SBDAX Stet California MunicipalPairCorr
  0.96STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.96STLYX Simt Tax ManagedPairCorr
  0.91STMPX Simt Tax ManagedPairCorr
  0.91STMSX Simt Tax ManagedPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.99SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.61CFVAX Catholic Values FixedPairCorr
  0.65SCOAX Siit E FixedPairCorr
  0.62CFVYX Catholic Values FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.62SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.96SUMAX Stet Short DurationPairCorr
  0.63SUSAX Siit Ultra ShortPairCorr
  0.62SDGFX Sdit Short DurationPairCorr
  0.95SVAYX Simt Large CapPairCorr
  0.96SDYYX Simt Dynamic AssetPairCorr
  1.0SVSAX Saat Servative StrategyPairCorr
  0.87SEAIX Saat Aggressive StrategyPairCorr

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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