Saat Servative Correlations

SSTDX Fund

USD 10.56 0.02 0.19%

The current 90-days correlation between Saat Servative Strategy and Fidelity Advisor Gold is 0.27 (i.e., Modest 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 0.58 (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 unemployment.

Moving together with Saat Mutual Fund

0.92	SAAAX	Simt Multi Asset	Pair Corr
0.91	SRYRX	Simt Real Return	Pair Corr
0.75	SBDAX	Stet California Municipal	Pair Corr
0.73	STAYX	Stet Tax Advantaged	Pair Corr
0.81	SCMSX	Saat E Market	Pair Corr
0.94	SCLAX	Simt Multi Asset	Pair Corr
0.75	SCYYX	Stet California Municipal	Pair Corr
0.74	SDGFX	Sdit Short Duration	Pair Corr
0.99	SVSAX	Saat Servative Strategy	Pair Corr
0.73	SEATX	Stet Tax Advantaged	Pair Corr

Related Correlations Analysis

	FGDIX	MXKJX	EPGFX	FRGOX	SPPIX	OGMCX	GLRBX
FGDIX		-0.13	0.97	0.97	-0.98	0.95	0.33	FGDIX
MXKJX	-0.13		0.03	-0.02	0.26	0.09	0.75	MXKJX
EPGFX	0.97	0.03		0.99	-0.91	0.98	0.44	EPGFX
FRGOX	0.97	-0.02	0.99		-0.92	0.98	0.41	FRGOX
SPPIX	-0.98	0.26	-0.91	-0.92		-0.89	-0.25	SPPIX
OGMCX	0.95	0.09	0.98	0.98	-0.89		0.52	OGMCX
GLRBX	0.33	0.75	0.44	0.41	-0.25	0.52		GLRBX
	FGDIX	MXKJX	EPGFX	FRGOX	SPPIX	OGMCX	GLRBX

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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

FRGOX	+ 0.99	EPGFX
OGMCX	+ 0.98	EPGFX
OGMCX	+ 0.98	FRGOX
EPGFX	+ 0.97	FGDIX
FRGOX	+ 0.97	FGDIX
OGMCX	+ 0.95	FGDIX

High negative correlations

SPPIX	- 0.98	FGDIX
SPPIX	- 0.92	FRGOX
SPPIX	- 0.91	EPGFX
OGMCX	- 0.89	SPPIX
GLRBX	- 0.25	SPPIX
MXKJX	- 0.13	FGDIX

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
FGDIX	1.31	(0.01)	(0.06)	0.05	1.81	(1.33)	2.67	(2.83)	9.78
MXKJX	0.59	0.00	(0.02)	0.13	0.51	(0.73)	1.26	(1.23)	3.51
EPGFX	1.42	0.02	(0.04)	0.21	1.95	(1.37)	2.54	(3.10)	10.62
FRGOX	1.47	(0.02)	(0.05)	0.08	1.84	(1.51)	3.13	(3.01)	9.03
SPPIX	1.39	0.08	(0.04)	(0.36)	1.71	(1.54)	3.24	(2.31)	10.50
OGMCX	1.42	0.01	(0.04)	0.15	1.72	(1.49)	2.67	(2.79)	8.66
GLRBX	0.31	(0.03)	(0.22)	0.07	0.37	(0.32)	0.61	(0.70)	1.88

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