Sa Small Correlations

SAUMX Fund

USD 27.56 0.17 0.61%

The current 90-days correlation between Sa Small and Tiaa Cref Lifestyle Moderate is -0.09 (i.e., Good diversification). The correlation of Sa Small 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 Small Correlation With Market

Poor diversification

The correlation between Sa Small Company and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Small Company 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 Small Company. 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 SAUMX Mutual Fund

0.93	SAMKX	Sa Mkt Fd	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
1.0	VSCIX	Vanguard Small Cap	Pair Corr
1.0	VSCPX	Vanguard Small Cap	Pair Corr
1.0	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
1.0	DFSTX	Us Small Cap	Pair Corr
0.99	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.99	TRZVX	T Rowe Price	Pair Corr
0.88	PRSVX	T Rowe Price	Pair Corr
0.69	SMPIX	Semiconductor Ultrasector	Pair Corr
0.63	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against SAUMX Mutual Fund

0.64	SAUFX	Sa Fixed Incme	Pair Corr
0.58	SAHMX	Sa International Value	Pair Corr
0.52	SAXIX	Sa Global Fixed	Pair Corr
0.46	SAEMX	Sa Emerging Markets	Pair Corr
0.46	SAISX	Sa International Small	Pair Corr
0.67	TRIGX	T Rowe Price	Pair Corr
0.65	ACCOX	International Value	Pair Corr
0.62	JDFNX	Janus Flexible Bond	Pair Corr
0.56	TTEEX	T Rowe Price	Pair Corr
0.56	TREMX	T Rowe Price	Pair Corr
0.5	VEMBX	Vanguard Emerging Markets	Pair Corr
0.49	FPPAX	Mfs Prudent Investor	Pair Corr
0.36	HSXIX	Hartford Schroders	Pair Corr
0.32	LAIIX	Lord Abbett Intermediate	Pair Corr

Related Correlations Analysis

	TSMPX	IRSOX	RRPPX	SXMAX	JULMX	TRBOX
TSMPX		0.99	0.63	0.61	0.84	0.99	TSMPX
IRSOX	0.99		0.58	0.57	0.81	1.0	IRSOX
RRPPX	0.63	0.58		0.5	0.89	0.6	RRPPX
SXMAX	0.61	0.57	0.5		0.62	0.57	SXMAX
JULMX	0.84	0.81	0.89	0.62		0.83	JULMX
TRBOX	0.99	1.0	0.6	0.57	0.83		TRBOX
	TSMPX	IRSOX	RRPPX	SXMAX	JULMX	TRBOX

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Risk-Adjusted Indicators

There is a big difference between SAUMX Mutual Fund performing well and Sa Small 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 Small'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
TSMPX	0.48	(0.05)	0.00	0.33	0.00	0.00	0.87	(0.92)	2.82
IRSOX	0.60	(0.06)	0.00	0.30	0.00	0.00	1.14	(1.20)	3.44
RRPPX	0.36	0.05	0.17	0.06	0.45	(0.40)	0.63	(0.69)	2.13
SXMAX	0.52	(0.08)	0.00	(0.28)	0.00	0.00	0.76	(0.96)	8.55
JULMX	0.31	0.01	0.00	(0.05)	0.00	0.00	0.65	(0.65)	1.89
TRBOX	0.69	(0.06)	0.00	0.28	0.00	0.00	1.25	(1.47)	4.03

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