Strategic Asset Correlations

PSGPX Fund

USD 23.99 0.02 0.08%

The current 90-days correlation between Strategic Asset Mana and American Funds Growth is 0.93 (i.e., Almost no 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

Almost no diversification

The correlation between Strategic Asset Management and DJI is 0.9 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Strategic Mutual Fund

0.97	SABPX	Strategic Asset Mana	Pair Corr
0.97	SACAX	Strategic Asset Mana	Pair Corr
0.92	PFIEX	International Equity	Pair Corr
0.95	PFISX	International Small Pany	Pair Corr
0.93	PGBAX	Global Diversified Income	Pair Corr
0.99	PHTQX	Principal Lifetime Hybrid	Pair Corr
0.9	PMDDX	Small Midcap Dividend	Pair Corr
0.82	POSAX	Global Real Estate	Pair Corr
0.95	PRIAX	International Emerging	Pair Corr
0.97	PRWLX	Diversified International	Pair Corr
0.93	PSBMX	Smallcap Fund Fka	Pair Corr
1.0	PSBIX	Strategic Asset Mana	Pair Corr
1.0	PSAJX	Strategic Asset Mana	Pair Corr
1.0	PSBFX	Strategic Asset Mana	Pair Corr
1.0	PSGFX	Strategic Asset Mana	Pair Corr
0.95	PSIJX	Smallcap Growth	Pair Corr
0.99	CGRGX	American Funds Growth	Pair Corr
0.99	FPGGX	American Funds Growth	Pair Corr
0.99	FGPGX	American Funds Growth	Pair Corr
0.98	GWPCX	American Funds Growth	Pair Corr
0.99	GWPFX	American Funds Growth	Pair Corr
0.95	GWPAX	American Funds Growth	Pair Corr
0.99	CGQGX	American Funds Growth	Pair Corr
0.87	NHS	Neuberger Berman High	Pair Corr
0.88	FTRBX	Federated Total Return	Pair Corr
0.91	OAKCX	Harris Associates	Pair Corr
0.82	SDHY	Pgim Short Duration	Pair Corr
0.81	FIWDX	Fidelity Advisor Str	Pair Corr
0.96	WASAX	Ivy Asset Strategy	Pair Corr
0.91	ASDIX	Aamhimco Short Duration	Pair Corr
0.97	TIMRX	Tiaa Cref Managed	Pair Corr
0.9	PCNNX	Pimco Investment Grade	Pair Corr

Related Correlations Analysis

	CGRGX	FPGGX	FGPGX	MUTHX	TESRX	FMSHX	GWPCX	GWPFX	GWPAX	CGQGX
CGRGX		1.0	1.0	0.4	0.38	0.41	1.0	1.0	0.96	1.0	CGRGX
FPGGX	1.0		1.0	0.4	0.38	0.41	1.0	1.0	0.96	1.0	FPGGX
FGPGX	1.0	1.0		0.4	0.38	0.41	1.0	1.0	0.96	1.0	FGPGX
MUTHX	0.4	0.4	0.4		1.0	1.0	0.41	0.41	0.35	0.41	MUTHX
TESRX	0.38	0.38	0.38	1.0		1.0	0.38	0.38	0.33	0.38	TESRX
FMSHX	0.41	0.41	0.41	1.0	1.0		0.41	0.41	0.35	0.41	FMSHX
GWPCX	1.0	1.0	1.0	0.41	0.38	0.41		1.0	0.96	1.0	GWPCX
GWPFX	1.0	1.0	1.0	0.41	0.38	0.41	1.0		0.96	1.0	GWPFX
GWPAX	0.96	0.96	0.96	0.35	0.33	0.35	0.96	0.96		0.96	GWPAX
CGQGX	1.0	1.0	1.0	0.41	0.38	0.41	1.0	1.0	0.96		CGQGX
	CGRGX	FPGGX	FGPGX	MUTHX	TESRX	FMSHX	GWPCX	GWPFX	GWPAX	CGQGX

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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
CGRGX	0.47	0.06	0.08	0.13	0.39	(0.52)	1.10	(0.83)	2.73
FPGGX	0.47	0.06	0.08	0.13	0.39	(0.52)	1.10	(0.83)	2.74
FGPGX	0.47	0.06	0.08	0.13	0.39	(0.52)	1.10	(0.83)	2.74
MUTHX	0.48	(0.09)	0.00	(0.04)	0.00	0.00	1.04	(1.04)	3.88
TESRX	0.48	(0.09)	0.00	(0.04)	0.00	0.00	1.07	(1.06)	3.94
FMSHX	0.47	(0.09)	0.00	(0.04)	0.00	0.00	1.08	(1.00)	3.92
GWPCX	0.48	0.05	0.07	0.13	0.40	(0.51)	1.11	(0.85)	2.68
GWPFX	0.47	0.06	0.08	0.13	0.40	(0.52)	1.10	(0.83)	2.74
GWPAX	0.48	0.10	0.05	(0.51)	0.41	(0.51)	1.10	(0.84)	2.70
CGQGX	0.47	0.06	0.08	0.13	0.39	(0.52)	1.10	(0.83)	2.68

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Strategic Asset Correlations

Strategic Asset Correlation With Market

Almost no diversification

Moving together with Strategic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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