Strategic Asset Correlations

PCWIX Fund

USD 20.02 0.14 0.70%

The current 90-days correlation between Strategic Asset Mana and American Funds Retirement is -0.12 (i.e., Good diversification). The correlation of Strategic Asset 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.

Strategic Asset Correlation With Market

Poor diversification

The correlation between Strategic Asset Management and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Strategic Asset Management. 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 Strategic Mutual Fund

0.61	CVX	Chevron Corp	Pair Corr
0.64	IBM	International Business	Pair Corr
0.61	CAT	Caterpillar	Pair Corr

Moving against Strategic Mutual Fund

0.57

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	RRPPX	SRJIX	TWSMX	ASMUX	TSIMX	QCGLRX	JLMOX	BIMPX
RRPPX		0.98	0.98	0.98	0.98	0.99	0.98	0.99	RRPPX
SRJIX	0.98		1.0	1.0	1.0	0.98	1.0	0.98	SRJIX
TWSMX	0.98	1.0		1.0	1.0	0.99	0.99	0.98	TWSMX
ASMUX	0.98	1.0	1.0		1.0	0.98	0.99	0.98	ASMUX
TSIMX	0.98	1.0	1.0	1.0		0.99	1.0	0.99	TSIMX
QCGLRX	0.99	0.98	0.99	0.98	0.99		0.98	1.0	QCGLRX
JLMOX	0.98	1.0	0.99	0.99	1.0	0.98		0.98	JLMOX
BIMPX	0.99	0.98	0.98	0.98	0.99	1.0	0.98		BIMPX
	RRPPX	SRJIX	TWSMX	ASMUX	TSIMX	QCGLRX	JLMOX	BIMPX

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Asset 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 Strategic Asset'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
RRPPX	0.27	0.13	(0.19)	(2.17)	0.00	(0.32)	0.79	(0.52)	1.83
SRJIX	0.41	0.06	(0.04)	0.31	0.13	(0.48)	1.33	(0.79)	2.86
TWSMX	0.38	0.06	(0.06)	0.31	0.00	(0.48)	1.10	(0.60)	2.69
ASMUX	0.37	0.06	(0.06)	0.31	0.00	(0.47)	1.23	(0.61)	2.69
TSIMX	0.35	0.07	(0.08)	0.34	0.00	(0.45)	1.21	(0.64)	2.35
QCGLRX	0.54	0.29	0.09	(2.01)	0.00	(0.61)	1.74	(0.94)	3.95
JLMOX	0.26	0.03	(0.21)	0.29	0.00	(0.30)	0.82	(0.53)	1.96
BIMPX	0.30	0.14	(0.17)	(2.37)	0.00	(0.38)	1.00	(0.37)	2.03

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