Saat E Correlations

Mutual Funds . USA . 
Fund . Saat E Market
SCMSX Fund  USD 12.68  0.03  0.24%   
The current 90-days correlation between Saat E Market and Virtus Nfj Large Cap is 0.02 (i.e., Significant diversification). The correlation of Saat E 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.

Saat E Correlation With Market

Poor diversification

The correlation between Saat E Market and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat E Market 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 Saat E Market. 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 Saat Mutual Fund

  0.96SAAAX Simt Multi AssetPairCorr
  0.92SRWAX Saat Market GrowthPairCorr
  0.68SRYRX Simt Real ReturnPairCorr
  0.87SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.94SASDX Saat Aggressive StrategyPairCorr
  0.61TFCYX Tax Free ConservativePairCorr
  0.84SSTDX Saat Servative StrategyPairCorr
  0.65SBDAX Stet California MunicipalPairCorr
  0.62STAYX Stet Tax AdvantagedPairCorr
  0.75STDAX Saat Defensive StrategyPairCorr
  0.69ENIAX Siit Opportunistic IncomePairCorr
  0.64SCFYX Simt E FixedPairCorr
  0.66SCLAX Simt Multi AssetPairCorr
  0.63SCXIX Sei Insti MgdPairCorr
  0.67SCYYX Stet California MunicipalPairCorr
  0.62SUMAX Stet Short DurationPairCorr
  0.66SVAYX Simt Large CapPairCorr
  0.84SVSAX Saat Servative StrategyPairCorr
  0.94SEAIX Saat Aggressive StrategyPairCorr

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   
LTFOX
+ 0.86
VAAGX
ALCEX
+ 0.82
VAAGX
JDVNX
+ 0.82
DLQIX
LTFOX
+ 0.8
ALCEX
JDVNX
+ 0.79
VAAGX
DLQIX
+ 0.65
VAAGX
  
High negative correlations   
CMIFX
- 0.43
DLQIX
JDVNX
- 0.4
CMIFX
ALCEX
- 0.35
CMIFX
CMIFX
- 0.19
VAAGX

Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat E 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 Saat E'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.

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