Segall Bryant Correlations

SBHVX Fund

USD 16.85 0.21 1.23%

The current 90-days correlation between Segall Bryant Hamill and Vanguard Small Cap Index is 0.14 (i.e., Average 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 0.85 (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 real.

Moving together with Segall Mutual Fund

0.99	SBASX	Segall Bryant Hamill	Pair Corr
0.89	SBHAX	Segall Bryant Hamill	Pair Corr
0.99	SBHCX	Segall Bryant Hamill	Pair Corr
1.0	SBRVX	Segall Bryant Hamill	Pair Corr
0.95	SBRAX	Segall Bryant Hamill	Pair Corr
0.85	WTMVX	Westcore Global Large	Pair Corr
0.97	WTSGX	Westcore Small Cap	Pair Corr
0.85	WIMVX	Westcore Global Large	Pair Corr
0.97	WISGX	Westcore Small Cap	Pair Corr
0.94	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.94	VSCPX	Vanguard Small Cap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.99	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.99	TRZVX	T Rowe Price	Pair Corr
0.99	PRSVX	T Rowe Price	Pair Corr

Moving against Segall Mutual Fund

0.68	WTIBX	Westcore Plus Bond	Pair Corr
0.68	WIIBX	Westcore Plus Bond	Pair Corr
0.58	CIQRX	Segall Bryant Hamll	Pair Corr
0.57	CIEQX	Segall Bryant Hamll	Pair Corr
0.52	SBSIX	Segall Bryant Hamill	Pair Corr
0.51	SBHSX	Segall Bryant Hamill	Pair Corr
0.44	WTTAX	Westcore Municipal	Pair Corr
0.43	WITAX	Westcore Municipal	Pair Corr

Related Correlations Analysis

	VSMAX	PASVX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
VSMAX		0.95	-0.69	0.0	-0.14	0.56	0.62	-0.05	-0.61	0.63	VSMAX
PASVX	0.95		-0.61	0.0	-0.02	0.53	0.61	-0.06	-0.61	0.68	PASVX
444859BR2	-0.69	-0.61		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	-0.14	-0.02	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	BRRAY
MSTSX	0.56	0.53	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	MSTSX
LBHIX	0.62	0.61	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	LBHIX
ABHYX	-0.05	-0.06	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	ABHYX
SCAXF	-0.61	-0.61	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	SCAXF
VIASP	0.63	0.68	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		VIASP
	VSMAX	PASVX	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

PASVX	+ 0.95	VSMAX
VIASP	+ 0.68	PASVX
LBHIX	+ 0.67	MSTSX
VIASP	+ 0.63	VSMAX
LBHIX	+ 0.62	VSMAX
LBHIX	+ 0.61	PASVX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.69	VSMAX
SCAXF	- 0.61	PASVX
444859BR2	- 0.61	PASVX
SCAXF	- 0.61	VSMAX
LBHIX	- 0.54	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
VSMAX	0.75	0.15	0.05	1.21	0.68	(0.84)	1.62	(1.25)	5.36
PASVX	0.76	(0.02)	0.02	0.11	0.71	(0.81)	1.74	(1.22)	6.47
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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