Strategic Asset Correlations

Mutual Funds . USA . 
Fund . Strategic Asset Management
SCIPX Fund  USD 12.69  0.07  0.55%   
The current 90-days correlation between Strategic Asset Mana and Strategic Asset Management is 0.01 (i.e., Significant 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 0.94 (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 World Market Map 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 american community survey.

Moving together with Strategic Mutual Fund

  0.96SABPX Strategic Asset ManaPairCorr
  0.96SACAX Strategic Asset ManaPairCorr
  0.96SAGPX Strategic Asset ManaPairCorr
  0.95PFIJX Strategic Asset ManaPairCorr
  0.95PFIEX International EquityPairCorr
  0.99PFIFX Strategic Asset ManaPairCorr
  0.94PFISX International Small PanyPairCorr
  0.99PFIPX Strategic Asset ManaPairCorr
  0.96SAIPX Strategic Asset ManaPairCorr
  0.99PFLJX Principal Lifetime 2050PairCorr
  0.98PFPPX Midcap GrowthPairCorr
  0.82PFRSX Real Estate SecuritiesPairCorr
  0.99SAUPX Strategic Asset ManaPairCorr
  0.95PFUMX Finisterre UnconstrainedPairCorr
  0.93PGBAX Global Diversified IncomePairCorr
  0.93PGBLX Global Diversified IncomePairCorr
  0.97PGBEX Blue Chip FundPairCorr
  0.98PGBGX Blue Chip FundPairCorr
  0.98PGBHX Blue Chip FundPairCorr
  0.92PGDCX Global Diversified IncomePairCorr
  0.93PGDIX Global Diversified IncomePairCorr
  0.95PGDRX Diversified Real AssetPairCorr
  0.99PGLSX Global Multi StrategyPairCorr
  0.86STCCX Short Term IncomePairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.88PGRUX Global Real EstatePairCorr
  0.82PGSLX Principal Global SusPairCorr
  0.92PGRKX Global Real EstatePairCorr
  0.98PGWIX Midcap GrowthPairCorr
  1.0SCBPX Strategic Asset ManaPairCorr
  0.99SCGPX Strategic Asset ManaPairCorr
  0.99PHJEX Principal Lifetime HybridPairCorr
  1.0PHJFX Principal Lifetime HybridPairCorr
  0.96PHJGX Principal Lifetime HybridPairCorr
  0.99PHJBX Principal Lifetime HybridPairCorr
  0.99PHJDX Principal Lifetime HybridPairCorr
  1.0PHJNX Principal Lifetime HybridPairCorr
  1.0PHJQX 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  0.60  0.10  0.01 (2.07) 0.99 
(0.56)
 1.22 
(1.42)
 6.56 
SACAX  0.87  0.15  0.03 (2.80) 1.51 
(0.83)
 1.89 
(1.86)
 10.20 
SAGPX  0.75  0.13  0.02 (2.46) 1.24 
(0.72)
 1.52 
(1.71)
 8.62 
PFIJX  0.30  0.04 (0.07)(1.35) 0.45 
(0.32)
 0.75 
(0.83)
 2.59 
PFIEX  0.84  0.08  0.04  0.20  1.39 
(0.82)
 1.59 
(1.45)
 8.03 
PFIFX  0.32  0.01 (0.10) 0.12  0.47 
(0.34)
 0.75 
(0.85)
 2.75 
PFISX  0.74  0.16  0.07  0.36  1.21 
(0.78)
 1.40 
(1.35)
 7.06 
PFIPX  0.32  0.01 (0.09) 0.12  0.45 
(0.34)
 0.75 
(0.83)
 2.57 
SAIPX  0.41  0.06 (0.03)(1.67) 0.68 
(0.42)
 0.89 
(1.09)
 4.14 
PFLJX  0.88  0.05  0.03  0.15  1.44 
(0.85)
 1.79 
(1.63)
 10.36 

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