Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SMSIX Fund  USD 12.47  0.02  0.16%   
The current 90-days correlation between Saat Moderate Strategy and Energy Basic Materials is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Saat Moderate Strategy and DJI is 0.74 (i.e., Poor 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 gross domestic product.

Moving together with Saat Mutual Fund

  0.97SAAAX Simt Multi AssetPairCorr
  0.98SRWAX Saat Market GrowthPairCorr
  0.68SRYRX Simt Real ReturnPairCorr
  0.97SSCGX Simt Small CapPairCorr
  0.99SSEAX Siit Screened WorldPairCorr
  0.99SSGAX Saat Aggressive StrategyPairCorr
  0.99SASDX Saat Aggressive StrategyPairCorr
  0.95SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.93TFCYX Tax Free ConservativePairCorr
  0.98SSPIX Simt Sp 500PairCorr
  1.0SSTDX Saat Servative StrategyPairCorr
  0.93SBDAX Stet California MunicipalPairCorr
  0.65STAYX Stet Tax AdvantagedPairCorr
  0.97STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.98STLYX Simt Tax ManagedPairCorr
  0.96STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.91STVYX Simt Tax ManagedPairCorr
  0.67SCFYX Simt E FixedPairCorr
  1.0SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.65CFVAX Catholic Values FixedPairCorr
  0.68SCOAX Siit E FixedPairCorr
  0.65CFVYX Catholic Values FixedPairCorr
  0.98SCPAX Siit Large CapPairCorr
  0.64SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.96SUMAX Stet Short DurationPairCorr
  0.93SUSYX Simt Managed VolatilityPairCorr
  0.93SUSAX Siit Ultra ShortPairCorr
  0.84SDGFX Sdit Short DurationPairCorr
  0.97SDLAX Siit Dynamic AssetPairCorr
  0.96SVAYX Simt Large CapPairCorr
  0.98SDYAX Simt Dynamic AssetPairCorr
  0.95SVOAX Simt Managed VolatilityPairCorr
  0.98SDYYX Simt Dynamic AssetPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.98SEAIX 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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