Sa International Correlations

Mutual Funds . USA . 
Fund . Sa International Value
SAHMX Fund  USD 14.49  0.01  0.07%   
The current 90-days correlation between Sa International Value and Rbc Short Duration is -0.03 (i.e., Good diversification). The correlation of Sa International 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 International Correlation With Market

Weak diversification

The correlation between Sa International Value and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Value 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 International Value. 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 SAHMX Mutual Fund

  0.82SAEMX Sa Emerging MarketsPairCorr
  0.96SAISX Sa International SmallPairCorr
  0.91SAXIX Sa Global FixedPairCorr
  0.68DOXFX Dodge Cox InternationalPairCorr
  0.78OANIX Oakmark International Potential GrowthPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.98OAKIX Oakmark International Potential GrowthPairCorr
  0.98OAYIX Oakmark International Potential GrowthPairCorr
  0.98OAZIX Oakmark International Potential GrowthPairCorr
  0.97FINVX Fidelity Series IntePairCorr
  0.76VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.75ANDNX Aqr InternationalPairCorr
  0.87PSDAX Short Duration MunicipalPairCorr
  0.69GSIUX Goldman Sachs EmergingPairCorr
  0.73TIBOX Thornburg InvestmentPairCorr
  0.65CEBRX Columbia Emerging MarketsPairCorr
  0.61FKNRX Franklin New YorkPairCorr
  0.74TSIIX Thornburg StrategicPairCorr

Moving against SAHMX Mutual Fund

  0.6SAUMX Sa SmallPairCorr
  0.46VTSAX Vanguard Total StockPairCorr
  0.42SAMKX Sa Mkt FdPairCorr
  0.47VTSMX Vanguard Total StockPairCorr
  0.46VSMPX Vanguard Total StockPairCorr
  0.46VSTSX Vanguard Total StockPairCorr
  0.46VITSX Vanguard Total StockPairCorr
  0.43VFIAX Vanguard 500 IndexPairCorr
  0.43VFINX Vanguard 500 IndexPairCorr
  0.43VFFSX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SAHMX Mutual Fund performing well and Sa International 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 International'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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