Segall Bryant Correlations

CIEQX Fund

11.00 0.06 0.54%

The correlation of Segall Bryant 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.

Segall Bryant Correlation With Market

Weak diversification

The correlation between Segall Bryant Hamll and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamll and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Segall Bryant Hamll. 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 producer price index.

Moving together with Segall Mutual Fund

0.87	SBHSX	Segall Bryant Hamill	Pair Corr
0.87	SBSIX	Segall Bryant Hamill	Pair Corr
0.7	WTIBX	Westcore Plus Bond	Pair Corr
1.0	CIQRX	Segall Bryant Hamll	Pair Corr
0.7	WIIBX	Westcore Plus Bond	Pair Corr
0.87	VGTSX	Vanguard Total Inter	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.87	VTSNX	Vanguard Total Inter	Pair Corr
0.87	VTPSX	Vanguard Total Inter	Pair Corr
0.87	VTISX	Vanguard Total Inter	Pair Corr
0.91	VTMGX	Vanguard Developed	Pair Corr
0.99	VDVIX	Vanguard Developed	Pair Corr
0.91	VTMNX	Vanguard Developed	Pair Corr
0.99	VDIPX	Vanguard Developed	Pair Corr
0.92	FSPSX	Fidelity International	Pair Corr

Moving against Segall Mutual Fund

0.54	SBHVX	Segall Bryant Hamill	Pair Corr
0.52	SBRVX	Segall Bryant Hamill	Pair Corr
0.52	WTSGX	Westcore Small Cap	Pair Corr
0.5	SBASX	Segall Bryant Hamill	Pair Corr
0.5	SBHCX	Segall Bryant Hamill	Pair Corr
0.49	SBHAX	Segall Bryant Hamill	Pair Corr
0.45	SBRAX	Segall Bryant Hamill	Pair Corr
0.54	VITSX	Vanguard Total Stock	Pair Corr
0.53	WISGX	Westcore Small Cap	Pair Corr
0.51	VFIAX	Vanguard 500 Index	Pair Corr
0.51	VFINX	Vanguard 500 Index	Pair Corr
0.5	VTSAX	Vanguard Total Stock	Pair Corr
0.5	VTSMX	Vanguard Total Stock	Pair Corr
0.5	VSMPX	Vanguard Total Stock	Pair Corr
0.5	VSTSX	Vanguard Total Stock	Pair Corr
0.47	VFFSX	Vanguard 500 Index	Pair Corr
0.44	DMA	Destra Multi Alternative	Pair Corr
0.33	TIGGX	Goldman Sachs Tax	Pair Corr

Related Correlations Analysis

	SBASX	SBAPX	SBEMX	SBHAX	SBHCX	SBHEX	SBHPX	SBHSX	SBHVX	SBRVX
SBASX		0.18	0.07	0.94	1.0	0.07	0.2	-0.39	0.99	0.92	SBASX
SBAPX	0.18		0.38	0.41	0.18	0.39	0.98	0.27	0.25	0.23	SBAPX
SBEMX	0.07	0.38		0.17	0.07	1.0	0.4	0.65	0.07	0.06	SBEMX
SBHAX	0.94	0.41	0.17		0.94	0.17	0.42	-0.29	0.94	0.87	SBHAX
SBHCX	1.0	0.18	0.07	0.94		0.07	0.19	-0.39	0.99	0.92	SBHCX
SBHEX	0.07	0.39	1.0	0.17	0.07		0.4	0.66	0.07	0.06	SBHEX
SBHPX	0.2	0.98	0.4	0.42	0.19	0.4		0.3	0.25	0.25	SBHPX
SBHSX	-0.39	0.27	0.65	-0.29	-0.39	0.66	0.3		-0.42	-0.44	SBHSX
SBHVX	0.99	0.25	0.07	0.94	0.99	0.07	0.25	-0.42		0.93	SBHVX
SBRVX	0.92	0.23	0.06	0.87	0.92	0.06	0.25	-0.44	0.93		SBRVX
	SBASX	SBAPX	SBEMX	SBHAX	SBHCX	SBHEX	SBHPX	SBHSX	SBHVX	SBRVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SBHCX	+ 1.0	SBASX
SBHEX	+ 1.0	SBEMX
SBHVX	+ 0.99	SBASX
SBHVX	+ 0.99	SBHCX
SBHPX	+ 0.98	SBAPX
SBHAX	+ 0.94	SBASX

High negative correlations

SBRVX	- 0.44	SBHSX
SBHVX	- 0.42	SBHSX
SBHSX	- 0.39	SBHCX
SBHSX	- 0.39	SBASX
SBHSX	- 0.29	SBHAX

Risk-Adjusted Indicators

There is a big difference between Segall Mutual Fund performing well and Segall Bryant 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 Segall Bryant'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
SBASX	0.82	0.10	(0.01)	1.25	0.93	(0.97)	1.84	(1.72)	6.91
SBAPX	0.06	(0.01)	(0.89)	(0.42)	0.00	(0.11)	0.10	(0.10)	0.49
SBEMX	0.68	(0.03)	0.00	0.52	0.00	0.00	1.56	(1.74)	4.57
SBHAX	0.56	0.07	(0.07)	(1.85)	0.67	(0.59)	1.04	(1.17)	3.54
SBHCX	0.81	0.10	(0.01)	1.06	0.92	(0.91)	1.85	(1.81)	6.95
SBHEX	0.68	(0.03)	0.00	0.47	0.00	0.00	1.57	(1.75)	4.59
SBHPX	0.06	(0.01)	(0.95)	(0.59)	0.03	(0.11)	0.10	(0.10)	0.50
SBHSX	0.64	(0.06)	0.00	2.39	0.00	0.00	1.61	(1.44)	3.97
SBHVX	0.95	0.15	0.03	11.90	0.87	(1.14)	2.17	(1.42)	8.07
SBRVX	0.97	0.00	0.06	0.12	0.84	(1.16)	2.17	(1.42)	8.09

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

2024 Macroaxis LLC