Saat Tax-managed Correlations

SISAX Fund

USD 25.82 0.16 0.62%

The current 90-days correlation between Saat Tax Managed and Saat E Market is 0.94 (i.e., Almost no diversification). The correlation of Saat Tax-managed 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 Tax-managed Correlation With Market

Very poor diversification

The correlation between Saat Tax Managed Aggressive and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Tax Managed Aggressive 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 Tax Managed Aggressive. 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 nation.

Moving together with Saat Mutual Fund

0.78	SXMAX	Saat Moderate Strategy	Pair Corr
0.75	CGRGX	American Funds Growth	Pair Corr
0.81	FPGGX	American Funds Growth	Pair Corr
0.84	FGPGX	American Funds Growth	Pair Corr
0.76	MUTHX	Franklin Mutual Shares	Pair Corr
0.77	TESRX	Franklin Mutual Shares	Pair Corr
0.76	FMSHX	Franklin Mutual Shares	Pair Corr
0.75	GWPCX	American Funds Growth	Pair Corr
0.81	GWPFX	American Funds Growth	Pair Corr
0.75	GWPAX	American Funds Growth	Pair Corr
0.84	CGQGX	American Funds Growth	Pair Corr
0.9	PGLSX	Global Multi Strategy	Pair Corr

Moving against Saat Mutual Fund

0.61

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	SKTAX	SXMAX	SGOAX	DMIDX	SSGAX
SKTAX		0.74	1.0	0.66	0.93	SKTAX
SXMAX	0.74		0.74	0.15	0.83	SXMAX
SGOAX	1.0	0.74		0.66	0.93	SGOAX
DMIDX	0.66	0.15	0.66		0.36	DMIDX
SSGAX	0.93	0.83	0.93	0.36		SSGAX
	SKTAX	SXMAX	SGOAX	DMIDX	SSGAX

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Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Tax-managed 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 Tax-managed'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
SKTAX	0.58	(0.01)	(0.01)	(0.01)	0.78	(0.53)	1.16	(1.10)	3.24
SXMAX	0.39	0.04	0.08	0.07	0.40	(0.43)	0.76	(0.75)	1.93
SGOAX	0.57	0.00	0.00	0.00	0.78	(0.53)	1.15	(1.11)	3.30
DMIDX	0.84	(0.09)	0.00	(0.09)	0.00	0.00	1.48	(1.61)	4.03
SSGAX	0.56	0.01	0.02	0.01	0.68	(0.59)	1.08	(1.06)	3.32

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