Sa International Correlations

SAISX Fund

USD 21.39 0.02 0.09%

The current 90-days correlation between Sa International Small and Sa International Value is 0.84 (i.e., Very poor 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

Very weak diversification

The correlation between Sa International Small and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa International Small 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 Small. 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 state.

Moving together with SAISX Mutual Fund

0.89	SAEMX	Sa Emerging Markets	Pair Corr
0.96	SAHMX	Sa International Value	Pair Corr
0.62	SAUFX	Sa Fixed Incme	Pair Corr
0.88	SAXIX	Sa Global Fixed	Pair Corr
1.0	DFISX	International Small Pany	Pair Corr
0.67	VFSNX	Vanguard Ftse All	Pair Corr
0.99	GICIX	Goldman Sachs Intern	Pair Corr
0.77	GIRLX	Goldman Sachs Intern	Pair Corr
0.77	GICUX	Goldman Sachs Intern	Pair Corr
0.99	FISMX	Fidelity International	Pair Corr
0.99	GICCX	Goldman Sachs Intern	Pair Corr
0.73	GICAX	Goldman Sachs Intern	Pair Corr
0.75	MISAX	Victory Trivalent	Pair Corr
0.74	MCISX	Victory Trivalent	Pair Corr
0.71	EAMLX	Eaton Vance National	Pair Corr
0.86	RIBIX	Rbc Impact Bond	Pair Corr
0.68	PCCMX	Pimco Short Duration	Pair Corr
0.71	ARCNX	Aqr Risk Balanced	Pair Corr
0.68	GSCJX	Goldman Sachs Income	Pair Corr
0.9	DIFIX	Mfs Diversified Income	Pair Corr
0.76	PEGPX	Pimco Esg Income	Pair Corr
0.61	MHEIX	Mh Elite Income	Pair Corr
0.71	VFFIX	Victory Incore	Pair Corr

Moving against SAISX Mutual Fund

0.52	SAUMX	Sa Small	Pair Corr
0.33	SAMKX	Sa Mkt Fd	Pair Corr
0.66	SMPIX	Semiconductor Ultrasector	Pair Corr
0.66	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	SAHMX	SABTX	SAUMX	SAMKX	SAXIX
SAHMX		0.37	-0.6	-0.42	0.91	SAHMX
SABTX	0.37		0.48	0.62	0.4	SABTX
SAUMX	-0.6	0.48		0.93	-0.52	SAUMX
SAMKX	-0.42	0.62	0.93		-0.31	SAMKX
SAXIX	0.91	0.4	-0.52	-0.31		SAXIX
	SAHMX	SABTX	SAUMX	SAMKX	SAXIX

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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

SAMKX	+ 0.93	SAUMX
SAXIX	+ 0.91	SAHMX
SAMKX	+ 0.62	SABTX
SAUMX	+ 0.48	SABTX
SAXIX	+ 0.4	SABTX
SABTX	+ 0.37	SAHMX

High negative correlations

SAUMX	- 0.6	SAHMX
SAXIX	- 0.52	SAUMX
SAMKX	- 0.42	SAHMX
SAXIX	- 0.31	SAMKX

Risk-Adjusted Indicators

There is a big difference between SAISX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SAHMX	0.63	0.17	0.25	0.46	0.54	(0.71)	1.33	(1.16)	3.62
SABTX	0.70	0.03	0.03	0.00	1.01	(0.69)	1.39	(1.42)	3.50
SAUMX	0.87	(0.11)	0.00	(0.14)	0.00	0.00	1.58	(2.17)	3.93
SAMKX	0.80	(0.05)	0.00	(0.09)	0.00	0.00	1.53	(1.73)	4.23
SAXIX	0.10	0.01	0.24	2.56	0.00	(0.16)	0.23	(0.23)	0.69

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