Saat Defensive Correlations

Mutual Funds . USA . 
Fund . Saat Defensive Strategy
SEDIX Fund  USD 9.48  0.01  0.11%   
The current 90-days correlation between Saat Defensive Strategy and Science Technology Fund is -0.22 (i.e., Very good diversification). The correlation of Saat Defensive 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.

Saat Defensive Correlation With Market

Very weak diversification

The correlation between Saat Defensive Strategy and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saat Defensive Strategy 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 Saat Defensive Strategy. 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 gross domestic product.

Moving together with Saat Mutual Fund

  0.63SAAAX Simt Multi AssetPairCorr
  0.78SRYRX Simt Real ReturnPairCorr
  0.93SSCGX Simt Small CapPairCorr
  0.96SSEAX Siit Screened WorldPairCorr
  0.91SSMAX Siit Small MidPairCorr
  0.92TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.94SSPIX Simt Sp 500PairCorr
  0.99SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.75STAYX Stet Tax AdvantagedPairCorr
  0.98ENIAX Siit Opportunistic IncomePairCorr
  0.94STLYX Simt Tax ManagedPairCorr
  0.92STMPX Simt Tax Managed Potential GrowthPairCorr
  0.93STVYX Simt Tax ManagedPairCorr
  0.78SCFYX Simt E FixedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.77CFVAX Catholic Values FixedPairCorr
  0.94SCPAX Siit Large CapPairCorr
  0.75SCXIX Sei Insti MgdPairCorr
  0.89SUSYX Simt Managed VolatilityPairCorr
  0.93SUSAX Siit Ultra ShortPairCorr
  0.94SDLAX Siit Dynamic AssetPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.91SVOAX Simt Managed VolatilityPairCorr
  0.93SDYYX Simt Dynamic AssetPairCorr
  0.97SVSAX Saat Servative StrategyPairCorr
  0.96SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Saat Mutual Fund performing well and Saat Defensive 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 Saat Defensive'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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