Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
PSWJX Fund  USD 24.19  0.06  0.25%   
The current 90-days correlation between Strategic Asset Mana and Gamco Global Telecommunications is 0.65 (i.e., 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

Very poor diversification

The correlation between Strategic Asset Management 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 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 inflation.

Moving together with Strategic Mutual Fund

  1.0SABPX Strategic Asset ManaPairCorr
  1.0SACAX Strategic Asset ManaPairCorr
  0.93PFIEX International EquityPairCorr
  0.95PFISX International Small PanyPairCorr
  0.95PGBAX Global Diversified IncomePairCorr
  0.99PHTQX Principal Lifetime HybridPairCorr
  0.9PMDDX Small Midcap DividendPairCorr
  0.85POSAX Global Real EstatePairCorr
  0.96PRIAX International EmergingPairCorr
  0.97PRWLX Diversified InternationalPairCorr
  0.93PSBMX Smallcap Fund FkaPairCorr
  1.0PSBIX Strategic Asset ManaPairCorr
  1.0PSAJX Strategic Asset ManaPairCorr
  1.0PSBFX Strategic Asset ManaPairCorr
  1.0PSGFX Strategic Asset ManaPairCorr
  1.0PSGPX Strategic Asset ManaPairCorr
  0.96PSIJX Smallcap GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  0.87NHS Neuberger Berman HighPairCorr
  0.88FTRBX Federated Total ReturnPairCorr
  0.92OAKCX Harris AssociatesPairCorr
  0.82SDHY Pgim Short DurationPairCorr
  0.95FIWDX Fidelity Advisor StrPairCorr
  0.99WASAX Ivy Asset StrategyPairCorr
  0.94ASDIX Aamhimco Short DurationPairCorr
  1.0TIMRX Tiaa Cref ManagedPairCorr
  0.92PCNNX Pimco Investment GradePairCorr

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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