Sanlam Global Correlations

0P0001PGKH

337.85 4.19 1.23%

The current 90-days correlation between Sanlam Global Artificial and Amundi MSCI UK is 0.41 (i.e., Very weak diversification). The correlation of Sanlam Global 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.

Sanlam Global Correlation With Market

Significant diversification

The correlation between Sanlam Global Artificial and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanlam Global Artificial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sanlam Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sanlam Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sanlam Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sanlam Global Artificial to buy it.

Moving against Sanlam Fund

0.83	PMGZ	PMGR Securities 2025	Pair Corr
0.74	IUGA	Invesco Pan European	Pair Corr
0.71	0P0000XSLC	Polar Capital Funds	Pair Corr
0.62	TPV	Triple Point Venture	Pair Corr
0.54	0P0001O7DO	iShares Continental	Pair Corr

Related Correlations Analysis

	0P0001PY0U	PMGZ	0P0000SQPL	0P0000X4FW	0P0000T360	0P0000KKC4	TPV	AOF
0P0001PY0U		0.53	-0.09	0.4	0.25	0.92	-0.33	0.29	0P0001PY0U
PMGZ	0.53		-0.75	-0.39	-0.42	0.27	0.42	0.22	PMGZ
0P0000SQPL	-0.09	-0.75		0.72	0.63	0.21	-0.72	-0.07	0P0000SQPL
0P0000X4FW	0.4	-0.39	0.72		0.77	0.66	-0.76	0.18	0P0000X4FW
0P0000T360	0.25	-0.42	0.63	0.77		0.48	-0.75	-0.05	0P0000T360
0P0000KKC4	0.92	0.27	0.21	0.66	0.48		-0.57	0.29	0P0000KKC4
TPV	-0.33	0.42	-0.72	-0.76	-0.75	-0.57		-0.06	TPV
AOF	0.29	0.22	-0.07	0.18	-0.05	0.29	-0.06		AOF
	0P0001PY0U	PMGZ	0P0000SQPL	0P0000X4FW	0P0000T360	0P0000KKC4	TPV	AOF

Click cells to compare fundamentals

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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

0P0000KKC4	+ 0.92	0P0001PY0U
0P0000T360	+ 0.77	0P0000X4FW
0P0000X4FW	+ 0.72	0P0000SQPL
0P0000KKC4	+ 0.66	0P0000X4FW
0P0000T360	+ 0.63	0P0000SQPL
PMGZ	+ 0.53	0P0001PY0U

High negative correlations

TPV	- 0.76	0P0000X4FW
TPV	- 0.75	0P0000T360
0P0000SQPL	- 0.75	PMGZ
TPV	- 0.72	0P0000SQPL
TPV	- 0.57	0P0000KKC4
0P0000T360	- 0.42	PMGZ

Risk-Adjusted Indicators

There is a big difference between Sanlam Fund performing well and Sanlam Global 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 Sanlam Global'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0P0001PY0U	0.64	0.08	0.17	1.11	0.65	(0.65)	1.39	(1.18)	4.64
PMGZ	0.04	0.01	0.00	(0.35)	0.00	0.00	0.00	0.00	0.42
0P0000SQPL	0.47	(0.03)	0.00	(0.48)	0.00	0.00	0.92	(1.22)	3.50
0P0000X4FW	0.52	0.00	0.06	(0.07)	0.63	(0.75)	1.02	(1.21)	3.88
0P0000T360	0.61	(0.03)	0.00	(0.24)	0.00	0.00	1.42	(1.40)	4.87
0P0000KKC4	0.45	0.07	0.20	0.33	0.47	(0.50)	1.17	(1.01)	3.20
TPV	0.07	0.00	0.00	(0.01)	0.00	0.00	0.00	0.00	2.29
AOF	0.09	0.04	0.00	13.14	0.00	0.00	0.00	0.00	3.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sanlam Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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