Strategic Asset Correlations

Mutual Funds USA . 
Fund . Strategic Asset Management
PSGPX Fund  USD 23.29  0.11  0.47%   
The current 90-days correlation between Strategic Asset Mana and Strategic Asset Management is 0.9 (i.e., Almost no 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

Almost no diversification

The correlation between Strategic Asset Management and DJI is 0.93 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Strategic Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  0.94PGBAX Global Diversified IncomePairCorr
  0.99SCIPX Strategic Asset ManaPairCorr
  0.93PIIJX Diversified InternationalPairCorr
  0.97PLCGX Largecap GrowthPairCorr
  0.99PLFMX Largecap Sp 500PairCorr
  0.99PLFIX Largecap Sp 500PairCorr
  0.99PLFPX Largecap Sp 500PairCorr
  0.96PLGAX Largecap GrowthPairCorr
  0.97PMDDX Small Midcap DividendPairCorr
  0.96PPSFX Largecap ValuePairCorr
  0.96PPSRX Largecap ValuePairCorr
  0.97PPUMX Largecap GrowthPairCorr
  0.97PSBMX Smallcap Fund FkaPairCorr
  1.0PSBIX Strategic Asset ManaPairCorr
  1.0PSAJX Strategic Asset ManaPairCorr
  1.0PSBFX Strategic Asset ManaPairCorr
  1.0PSGFX Strategic Asset ManaPairCorr
  0.96PSIJX Smallcap GrowthPairCorr
  0.99PSPJX Largecap Sp 500PairCorr
  0.95PSSPX Smallcap Sp 600PairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.85MUTHX Franklin Mutual SharesPairCorr
  0.85TESRX Franklin Mutual SharesPairCorr
  0.86FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  0.95ASG Liberty All StarPairCorr
  0.96CII Blackrock EnhancedPairCorr
  0.96ETV Eaton Vance TaxPairCorr
  0.96CLM Cornerstone StrategicPairCorr

Moving against Strategic Mutual Fund

  0.63IFN India ClosedPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABPX  0.29  0.03 (0.06) 0.18  0.00 
(0.36)
 0.70 
(0.48)
 1.55 
SACAX  0.42  0.02  0.00  0.14  0.30 
(0.49)
 1.11 
(0.81)
 2.36 
SAGPX  0.36  0.03 (0.03) 0.15  0.18 
(0.43)
 0.92 
(0.65)
 1.98 
PFIJX  0.17  0.03 (0.23) 0.25  0.00 
(0.23)
 0.40 
(0.33)
 0.96 
PFIEX  0.61 (0.02)(0.04) 0.09  0.67 
(0.68)
 1.33 
(1.38)
 4.06 
PFIFX  0.18  0.03 (0.22) 0.22  0.00 
(0.24)
 0.41 
(0.32)
 1.04 
PFISX  0.53  0.03 (0.01) 0.16  0.56 
(0.58)
 1.27 
(1.17)
 3.13 
PFIPX  0.19  0.03 (0.23) 0.21  0.00 
(0.24)
 0.41 
(0.32)
 0.99 
SAIPX  0.21  0.03 (0.16) 0.22  0.00 
(0.26)
 0.54 
(0.31)
 1.15 
PFLJX  0.43  0.02  0.00  0.14  0.29 
(0.49)
 1.18 
(0.87)
 2.47 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY