Saat Defensive Correlations

Mutual Funds . USA . 
Fund . Saat Defensive Strategy
SEDIX Fund  USD 9.50  0.01  0.11%   
The current 90-days correlation between Saat Defensive Strategy and Tekla Healthcare Investors is 0.29 (i.e., Modest diversification). The correlation of Saat Defensive 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.

Saat Defensive Correlation With Market

Weak diversification

The correlation between Saat Defensive Strategy and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Defensive Strategy 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 Saat Defensive Strategy. 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 Saat Mutual Fund

  0.71SAAAX Simt Multi AssetPairCorr
  0.73SRWAX Saat Market GrowthPairCorr
  0.63SSCGX Simt Small CapPairCorr
  0.66SSEAX Siit Screened WorldPairCorr
  0.72SSGAX Saat Aggressive StrategyPairCorr
  0.72SASDX Saat Aggressive StrategyPairCorr
  0.62SSMAX Siit Small MidPairCorr
  0.95TFCAX Tax Free ConservativePairCorr
  0.95TFCYX Tax Free ConservativePairCorr
  0.62SSPIX Simt Sp 500PairCorr
  0.7SSTDX Saat Servative StrategyPairCorr
  0.79SBDAX Stet California MunicipalPairCorr
  0.7STDAX Saat Defensive StrategyPairCorr
  0.71ENIAX Siit Opportunistic IncomePairCorr
  0.7STLYX Simt Tax ManagedPairCorr
  0.69STMPX Simt Tax ManagedPairCorr
  0.69STMSX Simt Tax ManagedPairCorr
  0.71STVYX Simt Tax ManagedPairCorr
  0.73SCMSX Saat E MarketPairCorr
  0.72SCLAX Simt Multi AssetPairCorr
  0.71SCPAX Siit Large CapPairCorr
  0.79SCYYX Stet California MunicipalPairCorr
  0.73SUMAX Stet Short DurationPairCorr
  0.64SUSYX Simt Managed VolatilityPairCorr
  0.97SUSAX Siit Ultra ShortPairCorr
  0.92SDGFX Sdit Short DurationPairCorr
  0.69SDLAX Siit Dynamic AssetPairCorr
  0.71SVAYX Simt Large CapPairCorr
  0.69SDYAX Simt Dynamic AssetPairCorr
  0.64SVOAX Simt Managed VolatilityPairCorr
  0.69SDYYX Simt Dynamic AssetPairCorr
  0.76SVSAX Saat Servative StrategyPairCorr
  0.72SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Defensive 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 Saat Defensive'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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