Sa Worldwide Correlations

SAWMX Fund  USD 11.74  0.08  0.69%   
The current 90-days correlation between Sa Worldwide Moderate and Jhancock Diversified Macro is 0.08 (i.e., Significant diversification). The correlation of Sa Worldwide 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 Worldwide Correlation With Market

Poor diversification

The correlation between Sa Worldwide Moderate and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Worldwide Moderate 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 Worldwide Moderate. 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 SAWMX Mutual Fund

  0.61SABTX Sa ValuePairCorr
  0.74SAREX Sa Real EstatePairCorr
  0.71RIRAX Capital Income BuilderPairCorr
  0.71RIREX Capital Income BuilderPairCorr
  0.71RIRCX Capital Income BuilderPairCorr
  0.71RIRFX Capital Income BuilderPairCorr
  0.71CIRCX Capital Income BuilderPairCorr
  0.71CIREX Capital Income BuilderPairCorr
  0.71RIRBX Capital Income BuilderPairCorr
  0.67CAIFX Capital Income BuilderPairCorr
  0.71CIRFX Capital Income BuilderPairCorr
  0.71CIRAX Capital Income BuilderPairCorr
  0.75XDFPX Flaherty Crumrine DynamicPairCorr
  0.67GAB Gabelli Equity TrustPairCorr
  0.67CVMIX Calvert Emerging MarketsPairCorr

Related Correlations Analysis

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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   
DIFIXBDVFX
DIFIXDLTZX
BDVFXDLTZX
OIDAXLIGFX
OIDAXDIFIX
LIGFXJDJRX
  
High negative correlations   
SRDAXXWDIX
SRDAXBDVFX
SRDAXDIFIX
SRDAXDLTZX
SRDAXOIDAX

Risk-Adjusted Indicators

There is a big difference between SAWMX Mutual Fund performing well and Sa Worldwide 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 Worldwide'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.