Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PSBFX Fund  USD 17.46  0.03  0.17%   
The current 90-days correlation between Strategic Asset Mana and Aqr Small Cap is 0.82 (i.e., Very poor 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

Very poor diversification

The correlation between Strategic Asset Management and DJI is 0.84 (i.e., Very 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 price.

Moving together with Strategic Mutual Fund

  0.98SABPX Strategic Asset ManaPairCorr
  0.97SACAX Strategic Asset ManaPairCorr
  0.98SAGPX Strategic Asset ManaPairCorr
  0.98PFIJX Strategic Asset ManaPairCorr
  0.91PFIEX International EquityPairCorr
  0.99PFIFX Strategic Asset ManaPairCorr
  0.95PFISX International Small PanyPairCorr
  0.99PFIPX Strategic Asset ManaPairCorr
  0.98SAIPX Strategic Asset ManaPairCorr
  0.99PFLJX Principal Lifetime 2050PairCorr
  0.98SAUPX Strategic Asset ManaPairCorr
  0.98PFUMX Finisterre UnconstrainedPairCorr
  0.97PGBAX Global Diversified IncomePairCorr
  0.97PGBLX Global Diversified IncomePairCorr
  0.61PGBGX Blue Chip FundPairCorr
  0.62PGBHX Blue Chip FundPairCorr
  0.97PGDCX Global Diversified IncomePairCorr
  0.97PGDIX Global Diversified IncomePairCorr
  0.94PGDRX Diversified Real AssetPairCorr
  0.99PGLSX Global Multi StrategyPairCorr
  0.89STCCX Short Term IncomePairCorr
  0.95PGRTX Smallcap GrowthPairCorr
  0.83PGRUX Global Real EstatePairCorr
  0.85PGRKX Global Real EstatePairCorr
  1.0SCBPX Strategic Asset ManaPairCorr
  1.0SCIPX Strategic Asset ManaPairCorr
  1.0SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  1.0PHJFX Principal Lifetime HybridPairCorr
  0.99PHJGX Principal Lifetime HybridPairCorr
  0.99PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  1.0PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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.

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