Strategic Asset Correlations

PFIFX Fund

USD 12.31 0.04 0.32%

The current 90-days correlation between Strategic Asset Mana and Old Westbury Large is -0.12 (i.e., Good diversification). 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.

Strategic Asset Correlation With Market

Poor diversification

The correlation between Strategic Asset Management and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Strategic Asset Management. 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 census.

Moving together with Strategic Mutual Fund

0.95	SABPX	Strategic Asset Mana	Pair Corr
0.88	SACAX	Strategic Asset Mana	Pair Corr
0.98	PFIJX	Strategic Asset Mana	Pair Corr
0.86	PFISX	International Small Pany	Pair Corr
0.92	PFIPX	Strategic Asset Mana	Pair Corr
0.97	PFLJX	Principal Lifetime 2050	Pair Corr
0.98	PGBAX	Global Diversified Income	Pair Corr
0.92	PGBLX	Global Diversified Income	Pair Corr
0.85	PGBEX	Blue Chip Fund	Pair Corr
0.97	PGDCX	Global Diversified Income	Pair Corr
0.85	PGDRX	Diversified Real Asset	Pair Corr
0.7	PGSLX	Principal Global Sus	Pair Corr
0.74	PGRKX	Global Real Estate	Pair Corr
0.97	PHTFX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	OWLSX	BALGX	RTLCX	LMUSX	SBQAX	DLQIX	MKFOX
OWLSX		0.54	0.99	0.96	0.47	0.59	0.96	OWLSX
BALGX	0.54		0.6	0.59	0.96	0.9	0.62	BALGX
RTLCX	0.99	0.6		0.97	0.52	0.64	0.97	RTLCX
LMUSX	0.96	0.59	0.97		0.48	0.66	1.0	LMUSX
SBQAX	0.47	0.96	0.52	0.48		0.86	0.52	SBQAX
DLQIX	0.59	0.9	0.64	0.66	0.86		0.69	DLQIX
MKFOX	0.96	0.62	0.97	1.0	0.52	0.69		MKFOX
	OWLSX	BALGX	RTLCX	LMUSX	SBQAX	DLQIX	MKFOX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OWLSX	0.66	0.37	0.24	(0.82)	0.21	(0.80)	1.59	(1.19)	10.33
BALGX	0.85	0.25	0.24	0.43	0.51	(1.07)	2.27	(1.06)	5.98
RTLCX	0.86	0.40	0.20	(0.70)	0.74	(1.04)	2.10	(1.67)	12.86
LMUSX	0.72	0.09	0.08	0.21	0.82	(0.83)	1.85	(1.48)	4.81
SBQAX	0.60	0.27	0.19	(2.51)	0.27	(0.76)	1.36	(0.59)	4.69
DLQIX	0.65	0.21	0.24	0.41	0.23	(0.85)	2.12	(0.72)	4.78
MKFOX	0.98	0.16	0.12	0.26	1.02	(1.18)	2.71	(1.60)	5.61

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Strategic Asset Correlations

Strategic Asset Correlation With Market

Poor diversification

Moving together with Strategic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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