Segall Bryant Correlations

SBHCX Fund

USD 14.23 0.05 0.35%

The current 90-days correlation between Segall Bryant Hamill and Putnam Equity Income is 0.87 (i.e., Very poor 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

Very poor diversification

The correlation between Segall Bryant Hamill and DJI is 0.87 (i.e., Very poor 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 main economic indicators.

Moving together with Segall Mutual Fund

1.0	SBASX	Segall Bryant Hamill	Pair Corr
0.89	SBHAX	Segall Bryant Hamill	Pair Corr
0.99	SBHVX	Segall Bryant Hamill	Pair Corr
0.99	SBRVX	Segall Bryant Hamill	Pair Corr
0.96	SBRAX	Segall Bryant Hamill	Pair Corr
0.87	WTMVX	Westcore Global Large	Pair Corr
0.97	WTSGX	Westcore Small Cap	Pair Corr
0.87	WIMVX	Westcore Global Large	Pair Corr
0.97	WISGX	Westcore Small Cap	Pair Corr
0.97	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.99	VEXPX	Vanguard Explorer	Pair Corr
0.99	VEXRX	Vanguard Explorer	Pair Corr
0.97	JGMIX	Janus Triton	Pair Corr
0.98	JGMRX	Janus Triton	Pair Corr
0.97	JGMAX	Janus Triton	Pair Corr
0.98	JGMCX	Janus Triton	Pair Corr
0.97	JGMNX	Janus Triton	Pair Corr
0.62	XNKGX	Nuveen Georgia Quality	Pair Corr

Moving against Segall Mutual Fund

0.67	WIIBX	Westcore Plus Bond	Pair Corr
0.66	WTIBX	Westcore Plus Bond	Pair Corr
0.55	CIEQX	Segall Bryant Hamll	Pair Corr
0.55	CIQRX	Segall Bryant Hamll	Pair Corr
0.5	SBSIX	Segall Bryant Hamill	Pair Corr
0.49	SBHSX	Segall Bryant Hamill	Pair Corr
0.44	WTTAX	Westcore Municipal	Pair Corr
0.63	XNXJX	Nuveen New Jersey	Pair Corr
0.6	XNBHX	Neuberger Berman Int	Pair Corr
0.54	NXJ	Nuveen New Jersey	Pair Corr
0.44	WITAX	Westcore Municipal	Pair Corr
0.37	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	PEYAX	POGAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
PEYAX		0.93	-0.66	0.0	-0.16	0.69	0.65	0.01	-0.54	0.54	PEYAX
POGAX	0.93		-0.73	0.0	-0.2	0.7	0.64	-0.01	-0.46	0.49	POGAX
444859BR2	-0.66	-0.73		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.16	-0.2	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	BRRAY
MSTSX	0.69	0.7	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	MSTSX
LBHIX	0.65	0.64	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	LBHIX
ABHYX	0.01	-0.01	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	ABHYX
SCAXF	-0.54	-0.46	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	SCAXF
VIASP	0.54	0.49	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		VIASP
	PEYAX	POGAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP

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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

POGAX	+ 0.93	PEYAX
MSTSX	+ 0.7	POGAX
MSTSX	+ 0.69	PEYAX
LBHIX	+ 0.67	MSTSX
LBHIX	+ 0.65	PEYAX
LBHIX	+ 0.64	POGAX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.73	POGAX
444859BR2	- 0.66	PEYAX
LBHIX	- 0.54	444859BR2
SCAXF	- 0.54	PEYAX
MSTSX	- 0.53	444859BR2

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
PEYAX	0.49	(0.01)	(0.07)	0.10	0.40	(0.58)	0.95	(0.95)	3.16
POGAX	0.73	0.01	0.00	0.14	1.04	(0.71)	1.74	(2.25)	5.24
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18

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