Saat Defensive Correlations

Mutual Funds . USA . 
Fund . Saat Defensive Strategy
SEDIX Fund  USD 9.45  0.02  0.21%   
The current 90-days correlation between Saat Defensive Strategy and Virtus Artificial Intelligence is 0.3 (i.e., Weak diversification). The correlation of Saat Defensive 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 Defensive Correlation With Market

Very weak diversification

The correlation between Saat Defensive Strategy and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Defensive Strategy 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 Defensive Strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Saat Mutual Fund

  0.82SAAAX Simt Multi AssetPairCorr
  0.63SRWAX Saat Market GrowthPairCorr
  0.96SRYRX Simt Real ReturnPairCorr
  0.93SSEAX Siit Screened WorldPairCorr
  0.86SSGAX Saat Aggressive StrategyPairCorr
  0.84SASDX Saat Aggressive StrategyPairCorr
  0.7TFCYX Tax Free ConservativePairCorr
  0.96SSTDX Saat Servative StrategyPairCorr
  0.61STAYX Stet Tax AdvantagedPairCorr
  0.83STDAX Saat Defensive StrategyPairCorr
  0.76ENIAX Siit Opportunistic IncomePairCorr
  0.69SCFYX Simt E FixedPairCorr
  0.92SCMSX Saat E MarketPairCorr
  0.67CFVAX Catholic Values FixedPairCorr
  0.71SCOAX Siit E FixedPairCorr
  0.65CFVYX Catholic Values FixedPairCorr
  0.66SCXIX Sei Insti MgdPairCorr
  0.9SUMAX Stet Short DurationPairCorr
  0.62SUSAX Siit Ultra ShortPairCorr
  0.95SVSAX Saat Servative StrategyPairCorr
  0.85SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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