Strategic Asset Correlations

SCBPX Fund

USD 15.73 0.09 0.57%

The current 90-days correlation between Strategic Asset Mana and Old Westbury Small is 0.88 (i.e., Very poor diversification). The correlation of Strategic Asset 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.

Strategic Asset Correlation With Market

Very weak diversification

The correlation between Strategic Asset Management and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management 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 Strategic Asset Management. 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 american community survey.

Moving together with Strategic Mutual Fund

1.0	SABPX	Strategic Asset Mana	Pair Corr
0.98	SACAX	Strategic Asset Mana	Pair Corr
0.99	SAGPX	Strategic Asset Mana	Pair Corr
0.63	PFIPX	Strategic Asset Mana	Pair Corr
0.87	SAIPX	Strategic Asset Mana	Pair Corr
0.99	PFLJX	Principal Lifetime 2050	Pair Corr
0.63	PFPPX	Midcap Growth	Pair Corr
0.77	PGBEX	Blue Chip Fund	Pair Corr
0.77	PGBGX	Blue Chip Fund	Pair Corr
0.77	PGBHX	Blue Chip Fund	Pair Corr
0.75	PGLSX	Global Multi Strategy	Pair Corr
0.61	PGRTX	Smallcap Growth	Pair Corr
0.63	PGWIX	Midcap Growth	Pair Corr
0.89	SCIPX	Strategic Asset Mana	Pair Corr
0.99	SCGPX	Strategic Asset Mana	Pair Corr
0.92	PHJEX	Principal Lifetime Hybrid	Pair Corr
0.71	PHJFX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJGX	Principal Lifetime Hybrid	Pair Corr
0.92	PHJBX	Principal Lifetime Hybrid	Pair Corr
0.91	PHJDX	Principal Lifetime Hybrid	Pair Corr
0.89	PHJNX	Principal Lifetime Hybrid	Pair Corr
0.8	PHJQX	Principal Lifetime Hybrid	Pair Corr

Moving against Strategic Mutual Fund

0.41

PYHIX

High Yield Fund

Pair Corr

Related Correlations Analysis

	OWSMX	CMPAX	TISVX	CIPNX	TVOYX	HSCVX	GLVIX
OWSMX		0.69	0.12	0.76	0.8	0.74	0.89	OWSMX
CMPAX	0.69		-0.52	0.92	0.91	0.99	0.72	CMPAX
TISVX	0.12	-0.52		-0.48	-0.44	-0.48	0.02	TISVX
CIPNX	0.76	0.92	-0.48		0.97	0.93	0.81	CIPNX
TVOYX	0.8	0.91	-0.44	0.97		0.92	0.82	TVOYX
HSCVX	0.74	0.99	-0.48	0.93	0.92		0.76	HSCVX
GLVIX	0.89	0.72	0.02	0.81	0.82	0.76		GLVIX
	OWSMX	CMPAX	TISVX	CIPNX	TVOYX	HSCVX	GLVIX

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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

HSCVX	+ 0.99	CMPAX
TVOYX	+ 0.97	CIPNX
HSCVX	+ 0.93	CIPNX
CIPNX	+ 0.92	CMPAX
HSCVX	+ 0.92	TVOYX
TVOYX	+ 0.91	CMPAX

High negative correlations

TISVX	- 0.52	CMPAX
HSCVX	- 0.48	TISVX
CIPNX	- 0.48	TISVX
TVOYX	- 0.44	TISVX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Asset 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 Strategic Asset'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
OWSMX	0.64	(0.04)	0.00	(0.06)	0.00	0.00	1.19	(1.34)	3.89
CMPAX	0.77	(0.11)	0.00	0.72	0.00	0.00	1.21	(1.63)	3.50
TISVX	0.77	0.12	0.08	0.16	1.19	(0.77)	1.99	(1.43)	9.81
CIPNX	0.86	(0.08)	0.00	(0.07)	0.00	0.00	1.52	(1.96)	4.80
TVOYX	0.81	(0.05)	0.00	(0.05)	0.00	0.00	1.52	(1.83)	4.01
HSCVX	0.81	(0.10)	0.00	0.94	0.00	0.00	1.45	(1.78)	3.38
GLVIX	0.91	(0.02)	0.00	(0.02)	0.00	0.00	1.52	(2.01)	5.60

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