Sa Emerging Correlations

SAEMX Fund

USD 12.44 0.20 1.58%

The correlation of Sa Emerging 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.

Sa Emerging Correlation With Market

Average diversification

The correlation between Sa Emerging Markets and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sa Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sa Emerging Markets. 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 industry.

Moving together with SAEMX Mutual Fund

0.75	SABTX	Sa Value	Pair Corr
0.7	SAHMX	Sa International Value	Pair Corr
0.91	SAMKX	Sa Mkt Fd	Pair Corr
0.89	SAUFX	Sa Fixed Incme	Pair Corr
0.92	SAWMX	Sa Worldwide Moderate	Pair Corr
0.93	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	FWWNX	American Funds New	Pair Corr
0.97	FNFWX	American Funds New	Pair Corr
0.96	NEWFX	New World Fund	Pair Corr
0.97	NWFFX	New World Fund	Pair Corr
0.96	NEWCX	New World Fund	Pair Corr
0.94	ODVYX	Oppenheimer Developing	Pair Corr
0.91	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.91	RYVLX	Nasdaq 100 2x	Pair Corr
0.91	RYVYX	Nasdaq 100 2x	Pair Corr
0.92	UOPIX	Ultra Nasdaq 100	Pair Corr
0.91	RYCCX	Nasdaq 100 2x	Pair Corr
0.91	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.9	BIPIX	Biotechnology Ultrasector	Pair Corr
0.84	RNCCX	American Funds Income	Pair Corr
0.93	BIDPX	Ishares Municipal Bond	Pair Corr
0.85	WCYFX	Wells Fargo Wealthbuilder	Pair Corr
0.81	BCOIX	Baird E Plus	Pair Corr
0.95	PTMQX	Prudential Qma Large	Pair Corr
0.76	PRHIX	T Rowe Price	Pair Corr
0.82	AWEIX	Invesco Disciplined	Pair Corr
0.93	JTYBX	Jpmorgan Smartretirement	Pair Corr
0.9	ULPSX	Ultrabull Profund	Pair Corr
0.93	EVAIX	Eaton Vance Virginia	Pair Corr
0.89	GIIRX	Nationwide International	Pair Corr

Related Correlations Analysis

	SABTX	SAISX	SAHMX	SAMKX	SAREX	SAUFX	SAUMX	SAXIX	SAWMX
SABTX		0.71	0.61	0.86	0.43	0.73	0.47	0.49	0.94	SABTX
SAISX	0.71		0.33	0.71	0.59	0.62	0.61	0.45	0.72	SAISX
SAHMX	0.61	0.33		0.59	0.04	0.47	-0.01	0.5	0.71	SAHMX
SAMKX	0.86	0.71	0.59		0.27	0.87	0.28	0.71	0.95	SAMKX
SAREX	0.43	0.59	0.04	0.27		0.28	0.64	0.05	0.35	SAREX
SAUFX	0.73	0.62	0.47	0.87	0.28		0.14	0.79	0.86	SAUFX
SAUMX	0.47	0.61	-0.01	0.28	0.64	0.14		-0.13	0.3	SAUMX
SAXIX	0.49	0.45	0.5	0.71	0.05	0.79	-0.13		0.67	SAXIX
SAWMX	0.94	0.72	0.71	0.95	0.35	0.86	0.3	0.67		SAWMX
	SABTX	SAISX	SAHMX	SAMKX	SAREX	SAUFX	SAUMX	SAXIX	SAWMX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SAWMX	+ 0.95	SAMKX
SAWMX	+ 0.94	SABTX
SAUFX	+ 0.87	SAMKX
SAMKX	+ 0.86	SABTX
SAWMX	+ 0.86	SAUFX
SAXIX	+ 0.79	SAUFX

High negative correlations

SAXIX	- 0.13	SAUMX
SAUMX	- 0.01	SAHMX

Risk-Adjusted Indicators

There is a big difference between SAEMX Mutual Fund performing well and Sa Emerging 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 Sa Emerging'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
SABTX	0.50	0.01	0.01	0.05	0.61	(0.52)	1.09	(1.04)	4.13
SAISX	0.56	(0.03)	0.00	(0.01)	0.00	0.00	1.09	(1.13)	3.81
SAHMX	0.52	0.02	0.00	0.07	0.59	(0.55)	1.08	(0.95)	2.51
SAMKX	0.52	0.00	(0.01)	0.03	0.76	(0.48)	1.09	(1.04)	4.20
SAREX	0.62	0.00	(0.03)	0.05	0.78	(0.70)	1.58	(1.14)	4.15
SAUFX	0.07	0.01	(0.21)	(0.83)	0.00	(0.13)	0.21	(0.10)	0.41
SAUMX	0.73	(0.05)	0.00	(0.01)	0.00	0.00	1.69	(1.37)	6.05
SAXIX	0.08	0.01	(0.14)	0.40	0.00	(0.13)	0.23	(0.11)	0.46
SAWMX	0.29	0.01	(0.01)	0.05	0.32	(0.33)	0.69	(0.54)	2.43

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