Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PFIJX Fund  USD 12.53  0.09  0.72%   
The current 90-days correlation between Strategic Asset Mana and Calamos Dynamic Convertible is -0.01 (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

Very weak diversification

The correlation between Strategic Asset Management and DJI is 0.52 (i.e., Very weak 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 gross domestic product.

Moving together with Strategic Mutual Fund

  0.61SABPX Strategic Asset ManaPairCorr
  0.89SACAX Strategic Asset ManaPairCorr
  0.78PFLJX Principal Lifetime 2050PairCorr
  0.64PGBAX Global Diversified IncomePairCorr
  0.84STCCX Short Term IncomePairCorr
  0.87SCIPX Strategic Asset ManaPairCorr
  0.82PHYTX High Yield FundPairCorr
  0.62PIIJX Diversified InternationalPairCorr
  0.82PLCGX Largecap GrowthPairCorr
  0.86PLFMX Largecap Sp 500PairCorr
  0.61PLFIX Largecap Sp 500PairCorr
  0.86PLFPX Largecap Sp 500PairCorr
  0.94PLGAX Largecap GrowthPairCorr
  0.86PLHHX Principal Lifetime HybridPairCorr
  0.89PLJTX Principal Lifetime HybridPairCorr
  0.87PLTJX Principal Lifetime 2030PairCorr
  0.63PMDDX Small Midcap DividendPairCorr
  0.73PMFMX Midcap Sp 400PairCorr
  0.78PNIIX Bond Market IndexPairCorr
  0.78PPSFX Largecap ValuePairCorr
  0.9PPSRX Largecap ValuePairCorr
  0.82PPUMX Largecap GrowthPairCorr
  0.86PRBDX Core Plus BondPairCorr
  0.66PSBMX Smallcap Fund FkaPairCorr
  0.79PSBIX Strategic Asset ManaPairCorr
  0.79PSAJX Strategic Asset ManaPairCorr
  0.79PSBFX Strategic Asset ManaPairCorr
  0.97PSGFX Strategic Asset ManaPairCorr
  0.97PSGPX Strategic Asset ManaPairCorr
  0.79PSMJX Smallcap ValuePairCorr
  0.86LTFPX Principal Lifetime 2055PairCorr
  0.97PSPJX Largecap Sp 500PairCorr
  0.79PSSPX Smallcap Sp 600PairCorr
  0.89PSSMX Smallcap Sp 600PairCorr
  0.78LTPEX Principal Lifetime 2035PairCorr
  0.86PCWIX Strategic Asset ManaPairCorr

Related Correlations Analysis


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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