Saat Defensive Correlations

Mutual Funds . USA . 
Fund . Saat Defensive Strategy
STDAX Fund  USD 11.17  0.01  0.09%   
The current 90-days correlation between Saat Defensive Strategy and Prudential Core Conservative is -0.11 (i.e., Good diversification). The correlation of Saat Defensive 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 Defensive Correlation With Market

Significant diversification

The correlation between Saat Defensive Strategy and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Defensive 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 Defensive 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

  0.86SRYRX Simt Real ReturnPairCorr
  0.65SSCGX Simt Small CapPairCorr
  0.67SSGAX Saat Aggressive StrategyPairCorr
  0.73SSMAX Siit Small MidPairCorr
  0.73SSTDX Saat Servative StrategyPairCorr
  0.62SBDAX Stet California MunicipalPairCorr
  0.9ENIAX Siit Opportunistic IncomePairCorr
  0.68STLYX Simt Tax ManagedPairCorr
  0.68STMPX Simt Tax ManagedPairCorr
  0.69STMSX Simt Tax ManagedPairCorr
  0.61STVYX Simt Tax ManagedPairCorr
  0.61SCFYX Simt E FixedPairCorr
  0.67SCMSX Saat E MarketPairCorr
  0.65CFVAX Catholic Values FixedPairCorr
  0.66SCOAX Siit E FixedPairCorr
  0.64SCPAX Siit Large CapPairCorr
  0.64SCXIX Sei Insti MgdPairCorr
  0.67SUMAX Stet Short DurationPairCorr
  0.66SUSYX Simt Managed VolatilityPairCorr
  0.66SDGFX Sdit Short DurationPairCorr
  0.71SVAYX Simt Large CapPairCorr
  0.66SVOAX Simt Managed VolatilityPairCorr
  0.76SVSAX Saat Servative StrategyPairCorr
  0.66SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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