Strategic Asset Correlations

Mutual Funds USA . 
Fund . Strategic Asset Management
SCBPX Fund  USD 16.75  0.08  0.48%   
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.
  
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Moving together with Strategic Mutual Fund

  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.88ABALX American BalancedPairCorr
  0.88BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.88RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.88CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  1.0FTYPX Fidelity Freedom IndexPairCorr
  1.0FFBTX Fidelity Freedom BlendPairCorr
  0.83GAAVX Gmo Alternative AlloPairCorr
  0.81GCAVX Gmo Small CapPairCorr
  0.99GQLOX Gmo Quality FundPairCorr
  1.0GMCQX Gmo Equity AllocationPairCorr
  0.62JPM JPMorgan Chase Sell-off TrendPairCorr
  0.63CAT CaterpillarPairCorr

Moving against Strategic Mutual Fund

  0.45TRV The Travelers CompaniesPairCorr
  0.33HPQ HP IncPairCorr

Related Correlations Analysis

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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.

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