Saat Servative Correlations

SICIX Fund

USD 10.83 0.00 0.00%

The current 90-days correlation between Saat Servative Strategy and Simt Multi Asset Accumulation is 0.83 (i.e., Very poor diversification). The correlation of Saat Servative 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 Servative Correlation With Market

Average diversification

The correlation between Saat Servative Strategy and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Servative 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 Servative Strategy. 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 Saat Mutual Fund

0.9	SAAAX	Simt Multi Asset	Pair Corr
0.63	SRWAX	Saat Market Growth	Pair Corr
0.9	SRYRX	Simt Real Return	Pair Corr
0.99	SSTDX	Saat Servative Strategy	Pair Corr
0.73	SBDAX	Stet California Municipal	Pair Corr
0.73	STAYX	Stet Tax Advantaged	Pair Corr
0.83	SCMSX	Saat E Market	Pair Corr
0.74	SCYYX	Stet California Municipal	Pair Corr
0.66	SDGFX	Sdit Short Duration	Pair Corr
0.99	SVSAX	Saat Servative Strategy	Pair Corr
0.72	SEATX	Stet Tax Advantaged	Pair Corr

Related Correlations Analysis

	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX
SAAAX		0.43	0.92	-0.26	0.71	0.22	0.25	-0.18	-0.48	-0.45	SAAAX
SRWAX	0.43		0.45	0.67	0.43	0.92	0.92	0.72	0.42	0.49	SRWAX
SRYRX	0.92	0.45		-0.12	0.6	0.3	0.33	-0.07	-0.28	-0.28	SRYRX
SSCGX	-0.26	0.67	-0.12		-0.19	0.81	0.8	0.99	0.8	0.81	SSCGX
SSEAX	0.71	0.43	0.6	-0.19		0.36	0.38	-0.12	-0.32	-0.24	SSEAX
SSGAX	0.22	0.92	0.3	0.81	0.36		1.0	0.85	0.55	0.61	SSGAX
SASDX	0.25	0.92	0.33	0.8	0.38	1.0		0.84	0.53	0.59	SASDX
SSMAX	-0.18	0.72	-0.07	0.99	-0.12	0.85	0.84		0.76	0.77	SSMAX
TFCAX	-0.48	0.42	-0.28	0.8	-0.32	0.55	0.53	0.76		0.99	TFCAX
TFCYX	-0.45	0.49	-0.28	0.81	-0.24	0.61	0.59	0.77	0.99		TFCYX
	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX

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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

SASDX	+ 1.0	SSGAX
SSMAX	+ 0.99	SSCGX
TFCYX	+ 0.99	TFCAX
SRYRX	+ 0.92	SAAAX
SSGAX	+ 0.92	SRWAX
SASDX	+ 0.92	SRWAX

High negative correlations

TFCAX	- 0.48	SAAAX
TFCYX	- 0.45	SAAAX
TFCAX	- 0.32	SSEAX
TFCYX	- 0.28	SRYRX
TFCAX	- 0.28	SRYRX
SSCGX	- 0.26	SAAAX

Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Servative 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 Servative'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
SAAAX	0.41	0.00	(0.21)	0.03	0.45	(0.47)	0.79	(0.81)	1.90
SRWAX	0.32	0.03	(0.17)	1.02	0.30	(0.41)	0.70	(0.69)	1.73
SRYRX	0.10	0.00	(0.63)	(0.16)	0.09	(0.15)	0.21	(0.21)	0.83
SSCGX	0.91	0.02	0.06	0.13	0.91	(1.02)	2.12	(1.59)	6.92
SSEAX	0.55	(0.07)	0.00	(0.07)	0.00	0.00	0.96	(1.12)	3.12
SSGAX	0.42	(0.01)	(0.10)	0.10	0.42	(0.50)	0.96	(0.81)	2.38
SASDX	0.42	(0.01)	(0.10)	0.10	0.45	(0.52)	0.91	(0.82)	2.45
SSMAX	0.75	(0.02)	0.01	0.10	0.78	(0.85)	1.68	(1.25)	6.00
TFCAX	0.03	0.00	0.00	(0.64)	0.00	0.00	0.10	0.00	0.40
TFCYX	0.03	0.00	0.00	(0.45)	0.00	0.00	0.10	0.00	0.40

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