Saat Servative Correlations

Mutual Funds . USA . 
Fund . Saat Servative Strategy
SMGAX Fund  USD 12.19  0.04  0.33%   
The current 90-days correlation between Saat Servative Strategy and Tax Managed International Equity is 0.05 (i.e., Significant 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

Very weak diversification

The correlation between Saat Servative Strategy and DJI is 0.44 (i.e., Very weak 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 nation.

Moving together with Saat Mutual Fund

  0.82SAAAX Simt Multi AssetPairCorr
  0.92SRWAX Saat Market GrowthPairCorr
  0.61SRYRX Simt Real ReturnPairCorr
  0.73SSEAX Siit Screened WorldPairCorr
  0.8SSGAX Saat Aggressive StrategyPairCorr
  0.8SASDX Saat Aggressive StrategyPairCorr
  0.81SSTDX Saat Servative StrategyPairCorr
  0.69SBDAX Stet California MunicipalPairCorr
  0.74STAYX Stet Tax AdvantagedPairCorr
  0.67STDAX Saat Defensive StrategyPairCorr
  0.7STVYX Simt Tax ManagedPairCorr
  0.66SCFYX Simt E FixedPairCorr
  0.87SCMSX Saat E MarketPairCorr
  0.89SCLAX Simt Multi AssetPairCorr
  0.61CFVAX Catholic Values FixedPairCorr
  0.67CFVYX Catholic Values FixedPairCorr
  0.65SCXIX Sei Insti MgdPairCorr
  0.69SCYYX Stet California MunicipalPairCorr
  0.82SUSYX Simt Managed VolatilityPairCorr
  0.78SVAYX Simt Large CapPairCorr
  0.81SVOAX Simt Managed VolatilityPairCorr
  0.77SVSAX Saat Servative StrategyPairCorr
  0.8SEAIX 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 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.

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