Saat Aggressive Correlations

Mutual Funds . USA . 
Fund . Saat Aggressive Strategy
SSGAX Fund  USD 16.19  0.05  0.31%   
The current 90-days correlation between Saat Aggressive Strategy and Pace High Yield is -0.06 (i.e., Good diversification). The correlation of Saat Aggressive 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 Aggressive Correlation With Market

Very good diversification

The correlation between Saat Aggressive Strategy and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Aggressive 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 Aggressive 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 nation.

Moving together with Saat Mutual Fund

  0.99RIRAX Capital Income BuilderPairCorr
  0.99RIREX Capital Income BuilderPairCorr
  0.99RIRCX Capital Income BuilderPairCorr
  0.99RIRFX Capital Income BuilderPairCorr
  0.99CIRCX Capital Income BuilderPairCorr
  0.99CIREX Capital Income BuilderPairCorr
  0.99RIRBX Capital Income BuilderPairCorr
  0.99CAIFX Capital Income BuilderPairCorr
  0.99CIRFX Capital Income BuilderPairCorr
  0.86CIRAX Capital Income BuilderPairCorr
  0.68PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.68PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.69FGPMX Franklin Gold And Steady GrowthPairCorr
  0.83MAUKX Pioneer Multi AssetPairCorr
  0.88CVLOX Calamos Global GrowthPairCorr
  0.63CAT CaterpillarPairCorr
  0.62JPM JPMorgan Chase Sell-off TrendPairCorr
  0.64CVX Chevron Corp Earnings Call This WeekPairCorr

Moving against Saat Mutual Fund

  0.58MCD McDonaldsPairCorr
  0.41TRV The Travelers CompaniesPairCorr
  0.32HPQ HP IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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