Saat Market Correlations

Mutual Funds . USA . 
Fund . Saat Market Growth
SMGSX Fund  USD 12.28  0.03  0.24%   
The current 90-days correlation between Saat Market Growth and Massmutual Select Diversified is 0.78 (i.e., Poor diversification). The correlation of Saat Market 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 Market Correlation With Market

Very weak diversification

The correlation between Saat Market Growth and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Market Growth 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 Market Growth. 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

  0.94SAAAX Simt Multi AssetPairCorr
  1.0SRWAX Saat Market GrowthPairCorr
  0.74SSEAX Siit Screened WorldPairCorr
  0.95SSGAX Saat Aggressive StrategyPairCorr
  0.95SASDX Saat Aggressive StrategyPairCorr
  0.74SSTDX Saat Servative StrategyPairCorr
  0.65STLYX Simt Tax ManagedPairCorr
  0.93SCMSX Saat E MarketPairCorr
  0.87SCLAX Simt Multi AssetPairCorr
  0.7SUSYX Simt Managed VolatilityPairCorr
  0.85SVAYX Simt Large CapPairCorr
  0.7SVOAX Simt Managed VolatilityPairCorr
  0.72SVSAX Saat Servative StrategyPairCorr
  0.95SEAIX Saat Aggressive StrategyPairCorr
  0.61SEATX Stet Tax AdvantagedPairCorr
  0.66SEDIX Saat Defensive StrategyPairCorr
  0.66SEDAX Siit Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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