Sa Global Correlations

SAXIX Fund

USD 8.80 0.01 0.11%

The current 90-days correlation between Sa Global Fixed and Transamerica Financial Life is 0.07 (i.e., Significant diversification). The correlation of Sa Global 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 Global Correlation With Market

Significant diversification

The correlation between Sa Global Fixed and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Global Fixed 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 Global Fixed. 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 gross domestic product.

Moving together with SAXIX Mutual Fund

0.73	SAREX	Sa Real Estate	Pair Corr
0.97	SAUFX	Sa Fixed Incme	Pair Corr
0.63	SAWMX	Sa Worldwide Moderate	Pair Corr
0.91	DFGBX	Dfa Five Year	Pair Corr
0.76	TEDPX	Tiaa Cref Emerging	Pair Corr
0.76	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.63	FLRRX	Franklin Low Duration	Pair Corr
0.82	FXIDX	Fixed Income Shares	Pair Corr
0.62	IFACX	Income Fund	Pair Corr
0.81	ACCSX	Access Capital Munity	Pair Corr
0.77	CKKRX	Columbia Income Builder	Pair Corr
0.73	BRKRX	Mfs Blended Research	Pair Corr
0.88	MINFX	Mfs International Value	Pair Corr
0.79	GIGGX	Deutsche Gnma	Pair Corr
0.81	HEMZX	Virtus Emerging Markets	Pair Corr
0.75	NSITX	Northern Short-intermedia	Pair Corr
0.84	NECRX	Loomis Sayles E	Pair Corr
0.66	IRFIX	Cohen Steers Interna	Pair Corr

Moving against SAXIX Mutual Fund

0.45	SMPIX	Semiconductor Ultrasector	Pair Corr
0.39	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	IAAEX	BTO	VETXX	GCFSX	RMBLX	MCBXX	MSVIX	TFIFX
IAAEX		0.32	0.0	0.14	0.55	0.0	0.64	0.43	IAAEX
BTO	0.32		0.0	0.24	0.9	0.0	0.8	0.88	BTO
VETXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VETXX
GCFSX	0.14	0.24	0.0		0.2	0.0	-0.07	0.52	GCFSX
RMBLX	0.55	0.9	0.0	0.2		0.0	0.86	0.84	RMBLX
MCBXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MCBXX
MSVIX	0.64	0.8	0.0	-0.07	0.86	0.0		0.68	MSVIX
TFIFX	0.43	0.88	0.0	0.52	0.84	0.0	0.68		TFIFX
	IAAEX	BTO	VETXX	GCFSX	RMBLX	MCBXX	MSVIX	TFIFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RMBLX	+ 0.9	BTO
TFIFX	+ 0.88	BTO
MSVIX	+ 0.86	RMBLX
TFIFX	+ 0.84	RMBLX
MSVIX	+ 0.8	BTO
TFIFX	+ 0.68	MSVIX

High negative correlations

MSVIX	- 0.07	GCFSX
TFIFX	- 0.0	MCBXX
MSVIX	- 0.0	MCBXX
MCBXX	- 0.0	RMBLX
MCBXX	- 0.0	GCFSX
TFIFX	- 0.0	VETXX

Risk-Adjusted Indicators

There is a big difference between SAXIX Mutual Fund performing well and Sa Global 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 Global'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
IAAEX	0.79	(0.11)	0.00	(0.31)	0.00	0.00	1.41	(1.48)	9.17
BTO	1.07	(0.08)	0.00	(0.15)	0.00	0.00	2.30	(2.35)	6.87
VETXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.74	0.04	0.11	(0.56)	1.04	(0.76)	1.80	(2.41)	4.68
RMBLX	1.11	(0.12)	0.00	(0.19)	0.00	0.00	2.20	(3.09)	6.78
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSVIX	0.96	(0.18)	0.00	(0.27)	0.00	0.00	1.40	(2.19)	10.85
TFIFX	0.95	(0.06)	0.00	(0.13)	0.00	0.00	1.50	(3.03)	6.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC