Segall Bryant Correlations

SBEMX Fund

USD 9.60 0.02 0.21%

The current 90-days correlation between Segall Bryant Hamill and Segall Bryant Hamill is 0.28 (i.e., Modest diversification). 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

Modest diversification

The correlation between Segall Bryant Hamill and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamill 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 Segall Bryant Hamill. 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 population.

Moving together with Segall Mutual Fund

1.0	SBHEX	Segall Bryant Hamill	Pair Corr
0.68	SBHSX	Segall Bryant Hamill	Pair Corr
0.67	SBSIX	Segall Bryant Hamill	Pair Corr
0.92	VEMAX	Vanguard Emerging Markets	Pair Corr
0.92	VEIEX	Vanguard Emerging Markets	Pair Corr
0.92	VEMIX	Vanguard Emerging Markets	Pair Corr
0.92	VEMRX	Vanguard Emerging Markets	Pair Corr
0.92	FWWNX	American Funds New	Pair Corr
0.92	FNFWX	American Funds New	Pair Corr
0.97	NEWFX	New World Fund	Pair Corr
0.97	NWFFX	New World Fund	Pair Corr
0.97	NEWCX	New World Fund	Pair Corr
0.98	ODVYX	Oppenheimer Developing	Pair Corr

Related Correlations Analysis

	SBASX	SBAPX	SBHCX	SBHEX	SBHPX	SBHVX	SBRVX	CIEQX
SBASX		0.08	1.0	-0.05	0.11	0.99	0.99	-0.55	SBASX
SBAPX	0.08		0.08	0.48	0.98	0.12	0.12	0.1	SBAPX
SBHCX	1.0	0.08		-0.06	0.11	0.99	0.99	-0.55	SBHCX
SBHEX	-0.05	0.48	-0.06		0.49	-0.05	-0.05	0.61	SBHEX
SBHPX	0.11	0.98	0.11	0.49		0.15	0.15	0.11	SBHPX
SBHVX	0.99	0.12	0.99	-0.05	0.15		1.0	-0.57	SBHVX
SBRVX	0.99	0.12	0.99	-0.05	0.15	1.0		-0.57	SBRVX
CIEQX	-0.55	0.1	-0.55	0.61	0.11	-0.57	-0.57		CIEQX
	SBASX	SBAPX	SBHCX	SBHEX	SBHPX	SBHVX	SBRVX	CIEQX

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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
SBRVX	+ 1.0	SBHVX
SBHVX	+ 0.99	SBASX
SBRVX	+ 0.99	SBASX
SBHVX	+ 0.99	SBHCX
SBRVX	+ 0.99	SBHCX

High negative correlations

CIEQX	- 0.57	SBRVX
CIEQX	- 0.57	SBHVX
CIEQX	- 0.55	SBHCX
CIEQX	- 0.55	SBASX
SBHEX	- 0.06	SBHCX
SBRVX	- 0.05	SBHEX

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	(0.04)	0.00	0.09	0.95	(0.95)	1.81	(1.72)	6.91
SBAPX	0.06	0.00	(0.86)	(0.20)	0.00	(0.11)	0.10	(0.10)	0.49
SBHCX	0.81	(0.04)	0.00	0.09	0.93	(0.89)	1.82	(1.81)	6.95
SBHEX	0.64	(0.07)	0.00	(0.10)	0.00	0.00	1.57	(1.75)	4.59
SBHPX	0.06	(0.01)	(0.92)	(0.32)	0.00	(0.11)	0.10	(0.10)	0.49
SBHVX	0.96	(0.04)	0.02	0.09	0.90	(1.11)	2.00	(1.42)	8.07
SBRVX	0.96	(0.04)	0.02	0.09	0.90	(1.11)	2.00	(1.42)	8.09
CIEQX	0.59	(0.13)	0.00	(0.28)	0.00	0.00	1.25	(1.50)	3.74

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