Sa Emerging Correlations

SAEMX Fund

USD 10.79 0.02 0.19%

The current 90-days correlation between Sa Emerging Markets and Edward Jones Money is -0.22 (i.e., Very good diversification). The correlation of Sa Emerging 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.

Sa Emerging Correlation With Market

Average diversification

The correlation between Sa Emerging Markets and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets 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 Sa Emerging Markets. 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 population.

Moving together with SAEMX Mutual Fund

0.64	SABTX	Sa Value	Pair Corr
0.8	SAISX	Sa International Small	Pair Corr
0.91	SAHMX	Sa International Value	Pair Corr
0.74	SAMKX	Sa Mkt Fd	Pair Corr
0.65	SAREX	Sa Real Estate	Pair Corr
0.77	SAUMX	Sa Small	Pair Corr
0.91	SAWMX	Sa Worldwide Moderate	Pair Corr
0.97	VEMAX	Vanguard Emerging Markets	Pair Corr
0.97	VEIEX	Vanguard Emerging Markets	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.97	VEMRX	Vanguard Emerging Markets	Pair Corr
0.94	FWWNX	American Funds New	Pair Corr
0.94	FNFWX	American Funds New	Pair Corr
0.94	NEWFX	New World Fund	Pair Corr
0.94	NWFFX	New World Fund	Pair Corr
0.94	NEWCX	New World Fund	Pair Corr
0.95	ODVYX	Oppenheimer Developing	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector	Pair Corr
0.73	WWWFX	Kinetics Internet	Pair Corr
0.73	KINAX	Kinetics Internet	Pair Corr
0.79	TTEEX	T Rowe Price	Pair Corr
0.71	ONERX	One Rock Fund	Pair Corr
0.73	KINCX	Kinetics Internet	Pair Corr
0.8	TREMX	T Rowe Price	Pair Corr
0.73	UTF	Cohen And Steers	Pair Corr
0.74	TCMIX	Amg Timessquare Inte	Pair Corr
0.73	XCAPX	Acap Strategic	Pair Corr
0.79	SFILX	Schwab Fundamental	Pair Corr
0.84	GAB	Gabelli Equity Trust	Pair Corr
0.91	VDMCX	Virtus Kar Developing	Pair Corr
0.83	TGVRX	Thornburg International	Pair Corr
0.88	TEUIX	T Rowe Price	Pair Corr
0.93	PIUCX	Pnc International Equity	Pair Corr
0.73	LZFIX	Lazard Equity Franchise	Pair Corr

Related Correlations Analysis

	JRSXX	PCSXX	FZDXX	XFINX	GMBXX	ELMXX	AEYXX
JRSXX		0.38	0.39	0.17	0.39	0.39	0.0	JRSXX
PCSXX	0.38		0.97	0.49	0.97	0.97	0.0	PCSXX
FZDXX	0.39	0.97		0.49	1.0	1.0	0.0	FZDXX
XFINX	0.17	0.49	0.49		0.49	0.49	0.0	XFINX
GMBXX	0.39	0.97	1.0	0.49		1.0	0.0	GMBXX
ELMXX	0.39	0.97	1.0	0.49	1.0		0.0	ELMXX
AEYXX	0.0	0.0	0.0	0.0	0.0	0.0		AEYXX
	JRSXX	PCSXX	FZDXX	XFINX	GMBXX	ELMXX	AEYXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GMBXX	+ 1.0	FZDXX
ELMXX	+ 1.0	FZDXX
ELMXX	+ 1.0	GMBXX
FZDXX	+ 0.97	PCSXX
GMBXX	+ 0.97	PCSXX
ELMXX	+ 0.97	PCSXX

High negative correlations

AEYXX	- 0.0	ELMXX
AEYXX	- 0.0	GMBXX
AEYXX	- 0.0	XFINX
AEYXX	- 0.0	FZDXX
AEYXX	- 0.0	PCSXX
AEYXX	- 0.0	JRSXX

Risk-Adjusted Indicators

There is a big difference between SAEMX Mutual Fund performing well and Sa Emerging 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 Sa Emerging'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
JRSXX	0.03	0.01	0.00	0.67	0.00	0.00	0.00	0.00	1.01
PCSXX	0.03	0.01	0.00	0.91	0.00	0.00	0.00	0.00	1.01
FZDXX	0.03	0.00	0.00	(0.61)	0.00	0.00	0.00	0.00	1.01
XFINX	0.37	0.00	0.10	0.04	0.73	(0.35)	0.78	(0.88)	4.64
GMBXX	0.03	0.00	0.00	(0.61)	0.00	0.00	0.00	0.00	1.01
ELMXX	0.03	0.00	0.00	(0.61)	0.00	0.00	0.00	0.00	1.01
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC