Saat Moderate Correlations

Mutual Funds . USA . 
Fund . Saat Moderate Strategy
SXMAX Fund  USD 17.52  0.04  0.23%   
The current 90-days correlation between Saat Moderate Strategy and Simt Managed Volatility is -0.23 (i.e., Very good diversification). The correlation of Saat Moderate 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 Moderate Correlation With Market

Very poor diversification

The correlation between Saat Moderate Strategy and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Moderate 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 Moderate 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

  0.71SRWAX Saat Market GrowthPairCorr
  0.67SSCGX Simt Small CapPairCorr
  0.65SSEAX Siit Screened WorldPairCorr
  0.71SSGAX Saat Aggressive StrategyPairCorr
  0.71SASDX Saat Aggressive StrategyPairCorr
  0.67SSMAX Siit Small MidPairCorr
  0.93TFCAX Tax Free ConservativePairCorr
  0.93TFCYX Tax Free ConservativePairCorr
  0.61SSPIX Simt Sp 500PairCorr
  0.64SSTDX Saat Servative StrategyPairCorr
  0.72SBDAX Stet California MunicipalPairCorr
  0.63STDAX Saat Defensive StrategyPairCorr
  0.62ENIAX Siit Opportunistic IncomePairCorr
  0.71STLYX Simt Tax ManagedPairCorr
  0.71STMPX Simt Tax ManagedPairCorr
  0.71STMSX Simt Tax ManagedPairCorr
  0.73STVYX Simt Tax ManagedPairCorr
  0.7SCMSX Saat E MarketPairCorr
  0.64SCLAX Simt Multi AssetPairCorr
  0.71SCPAX Siit Large CapPairCorr
  0.72SCYYX Stet California MunicipalPairCorr
  0.66SUMAX Stet Short DurationPairCorr
  0.73SUSYX Simt Managed VolatilityPairCorr
  0.88SUSAX Siit Ultra ShortPairCorr
  0.74SDGFX Sdit Short DurationPairCorr
  0.68SDLAX Siit Dynamic AssetPairCorr
  0.7SVAYX Simt Large CapPairCorr
  0.68SDYAX Simt Dynamic AssetPairCorr
  0.73SVOAX Simt Managed VolatilityPairCorr
  0.68SDYYX Simt Dynamic AssetPairCorr
  0.71SVSAX Saat Servative StrategyPairCorr
  0.71SEAIX 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 Moderate 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 Moderate'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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