Sa Emerging Correlations

SAEMX Fund

USD 10.44 0.06 0.57%

The current 90-days correlation between Sa Emerging Markets and T Rowe Price is 0.16 (i.e., Average diversification). The correlation of Sa Emerging 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.

Sa Emerging Correlation With Market

Average diversification

The correlation between Sa Emerging Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets 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 Sa Emerging Markets. 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 population.

Moving together with SAEMX Mutual Fund

0.88	SAISX	Sa International Small	Pair Corr
0.79	SAHMX	Sa International Value	Pair Corr
0.77	SAUFX	Sa Fixed Incme	Pair Corr
0.73	SAXIX	Sa Global Fixed	Pair Corr
0.96	VEMAX	Vanguard Emerging Markets	Pair Corr
0.96	VEIEX	Vanguard Emerging Markets	Pair Corr
0.96	VEMIX	Vanguard Emerging Markets	Pair Corr
0.96	VEMRX	Vanguard Emerging Markets	Pair Corr
0.75	FWWNX	American Funds New	Pair Corr
0.74	FNFWX	American Funds New	Pair Corr
0.74	NEWFX	New World Fund	Pair Corr
0.74	NWFFX	New World Fund	Pair Corr
0.72	NEWCX	New World Fund	Pair Corr
0.91	ODVYX	Oppenheimer Developing	Pair Corr
0.87	VGTSX	Vanguard Total Inter	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.8	VICSX	Vanguard Intermediate-ter	Pair Corr
0.78	HRBDX	Harbor Bond Fund	Pair Corr
0.65	GIOIX	Guggenheim Macro Opp	Pair Corr
0.74	ARBOX	Absolute Convertible	Pair Corr
0.67	UTF	Cohen And Steers	Pair Corr
0.68	SGDLX	Sprott Gold Equity	Pair Corr
0.78	USGDX	Morgan Stanley Government	Pair Corr
0.66	DBIWX	Dws Global Macro	Pair Corr

Moving against SAEMX Mutual Fund

0.52	SAUMX	Sa Small	Pair Corr
0.37	VTSAX	Vanguard Total Stock	Pair Corr
0.37	VTSMX	Vanguard Total Stock	Pair Corr
0.33	SAMKX	Sa Mkt Fd	Pair Corr
0.33	VFIAX	Vanguard 500 Index	Pair Corr
0.37	VSMPX	Vanguard Total Stock	Pair Corr
0.37	VSTSX	Vanguard Total Stock	Pair Corr
0.37	VITSX	Vanguard Total Stock	Pair Corr
0.33	VFINX	Vanguard 500 Index	Pair Corr
0.33	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	PAVLX	PCLVX	JDVNX	PCPAX	ENGRX	DOXGX	FMIQX
PAVLX		0.88	0.24	0.88	0.44	0.99	0.08	PAVLX
PCLVX	0.88		0.31	1.0	0.2	0.85	0.24	PCLVX
JDVNX	0.24	0.31		0.32	0.03	0.23	0.94	JDVNX
PCPAX	0.88	1.0	0.32		0.2	0.85	0.24	PCPAX
ENGRX	0.44	0.2	0.03	0.2		0.48	-0.2	ENGRX
DOXGX	0.99	0.85	0.23	0.85	0.48		0.07	DOXGX
FMIQX	0.08	0.24	0.94	0.24	-0.2	0.07		FMIQX
	PAVLX	PCLVX	JDVNX	PCPAX	ENGRX	DOXGX	FMIQX

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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

PCPAX	+ 1.0	PCLVX
DOXGX	+ 0.99	PAVLX
FMIQX	+ 0.94	JDVNX
PCLVX	+ 0.88	PAVLX
PCPAX	+ 0.88	PAVLX
DOXGX	+ 0.85	PCLVX

High negative correlations

FMIQX

- 0.2

ENGRX

Risk-Adjusted Indicators

There is a big difference between SAEMX Mutual Fund performing well and Sa Emerging 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 Sa Emerging'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
PAVLX	0.62	0.04	0.09	0.01	0.76	(0.70)	1.20	(1.16)	3.20
PCLVX	0.73	(0.04)	0.00	(0.12)	0.00	0.00	1.24	(1.43)	7.92
JDVNX	0.85	(0.18)	0.00	(0.31)	0.00	0.00	1.18	(1.95)	10.15
PCPAX	0.73	(0.04)	0.00	(0.12)	0.00	0.00	1.23	(1.42)	7.87
ENGRX	0.97	0.04	0.04	0.01	1.78	(1.02)	4.31	(3.65)	10.33
DOXGX	0.63	0.06	0.08	0.01	0.89	(0.61)	1.30	(1.41)	3.35
FMIQX	0.85	(0.20)	0.00	(0.35)	0.00	0.00	1.17	(1.51)	10.22

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