Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PSGFX Fund  USD 22.83  0.13  0.57%   
The current 90-days correlation between Strategic Asset Mana and Strategic Asset Management is 0.83 (i.e., Very poor 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

Good diversification

The correlation between Strategic Asset Management and DJI is -0.08 (i.e., Good 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

  0.98SAGPX Strategic Asset ManaPairCorr
  0.96PFIEX International EquityPairCorr
  0.98PFIFX Strategic Asset ManaPairCorr
  0.98SAIPX Strategic Asset ManaPairCorr
  1.0PFLJX Principal Lifetime 2050PairCorr
  0.99PFPPX Midcap GrowthPairCorr
  0.98SAUPX Strategic Asset ManaPairCorr
  0.94PFUMX Finisterre UnconstrainedPairCorr
  0.99PGBEX Blue Chip FundPairCorr
  0.99PGBGX Blue Chip FundPairCorr
  1.0PGBHX Blue Chip FundPairCorr
  0.96PGDIX Global Diversified IncomePairCorr
  0.94PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.88STCCX Short Term IncomePairCorr
  1.0PGRTX Smallcap GrowthPairCorr
  0.87PGRUX Global Real EstatePairCorr
  0.99PGWIX Midcap GrowthPairCorr
  1.0SCBPX Strategic Asset ManaPairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  1.0SCGPX Strategic Asset ManaPairCorr
  0.98PHJEX Principal Lifetime HybridPairCorr
  0.99PHJFX Principal Lifetime HybridPairCorr
  0.98PHJGX Principal Lifetime HybridPairCorr
  0.98PHJBX Principal Lifetime HybridPairCorr
  1.0PHJDX Principal Lifetime HybridPairCorr
  0.98PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  1.0PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.36  0.18  0.05 (6.60) 0.00 
(0.44)
 1.21 
(0.48)
 2.84 
SACAX  0.51  0.26  0.15 (4.64) 0.00 
(0.61)
 1.64 
(0.81)
 3.89 
SAGPX  0.53  0.15  0.01  13.66  0.56 
(0.56)
 1.51 
(1.15)
 3.45 
PFIJX  0.21  0.06 (0.19) 0.47  0.00 
(0.29)
 0.51 
(0.33)
 1.60 
PFIEX  0.59  0.23  0.10 (4.85) 0.39 
(0.68)
 1.53 
(1.13)
 3.86 
PFIFX  0.24  0.08 (0.20)(2.69) 0.00 
(0.30)
 0.69 
(0.40)
 1.62 
PFISX  0.49  0.19  0.05 (4.17) 0.30 
(0.57)
 1.29 
(0.85)
 2.75 
PFIPX  0.22  0.05 (0.18) 0.42  0.00 
(0.29)
 0.57 
(0.40)
 1.59 
SAIPX  0.30  0.09 (0.11)(11.50) 0.22 
(0.35)
 0.89 
(0.71)
 1.97 
PFLJX  0.56  0.24  0.09 (3.85) 0.37 
(0.63)
 1.73 
(1.27)
 3.85 

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