Sextant Bond Correlations

SBIFX Fund

USD 4.31 0.01 0.23%

The current 90-days correlation between Sextant Bond Income and Sextant Growth Fund is 0.28 (i.e., Modest diversification). The correlation of Sextant Bond 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.

Sextant Bond Correlation With Market

Average diversification

The correlation between Sextant Bond Income and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Bond Income 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 Sextant Bond Income. 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 census.

Moving together with Sextant Mutual Fund

0.77	SSIFX	Sextant International	Pair Corr
0.9	SCORX	Sextant E Fund	Pair Corr
0.8	SGHIX	Sextant Global High	Pair Corr
0.77	SIFZX	Sextant International	Pair Corr
0.99	VWETX	Vanguard Long Term	Pair Corr
0.99	VWESX	Vanguard Long Term	Pair Corr
0.99	VBLAX	Vanguard Long Term	Pair Corr
0.99	VBLLX	Vanguard Long Term	Pair Corr
0.99	VBLIX	Vanguard Long Term	Pair Corr
0.99	SLDAX	Siit Long Duration	Pair Corr
0.98	VLTCX	Vanguard Long Term	Pair Corr
0.94	PLRIX	Pimco Long Term	Pair Corr
0.94	PLRPX	Pimco Long Duration	Pair Corr
0.84	XDSMX	Dreyfus Strategic	Pair Corr
0.87	XNXJX	Nuveen New Jersey	Pair Corr
0.84	NXJ	Nuveen New Jersey	Pair Corr
0.64	PCF	Putnam High Income	Pair Corr
0.91	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Sextant Mutual Fund

0.57	BTTRX	Zero Pon 2025	Pair Corr
0.47	AOUIX	Angel Oak Ultrashort	Pair Corr
0.45	SUSAX	Siit Ultra Short	Pair Corr
0.44	GSFRX	Goldman Sachs High	Pair Corr
0.41	AMFAX	Asg Managed Futures	Pair Corr
0.36	CEARX	Columbia Acorn	Pair Corr
0.59	DAMDX	Dunham Monthly Distr	Pair Corr
0.58	EIDOX	Eaton Vance Emerging	Pair Corr

Related Correlations Analysis

	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX
SSGFX		0.27	0.42	0.5	0.56	0.02	1.0	0.27	SSGFX
SSIFX	0.27		0.77	-0.14	0.83	0.82	0.26	1.0	SSIFX
SBIFX	0.42	0.77		0.02	0.9	0.8	0.41	0.77	SBIFX
STBFX	0.5	-0.14	0.02		0.01	-0.28	0.5	-0.14	STBFX
SCORX	0.56	0.83	0.9	0.01		0.82	0.55	0.83	SCORX
SGHIX	0.02	0.82	0.8	-0.28	0.82		0.01	0.82	SGHIX
SGZFX	1.0	0.26	0.41	0.5	0.55	0.01		0.26	SGZFX
SIFZX	0.27	1.0	0.77	-0.14	0.83	0.82	0.26		SIFZX
	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX

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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

SGZFX	+ 1.0	SSGFX
SIFZX	+ 1.0	SSIFX
SCORX	+ 0.9	SBIFX
SCORX	+ 0.83	SSIFX
SIFZX	+ 0.83	SCORX
SGHIX	+ 0.82	SSIFX

High negative correlations

SGHIX	- 0.28	STBFX
SIFZX	- 0.14	STBFX
STBFX	- 0.14	SSIFX

Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Bond 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 Sextant Bond'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
SSGFX	0.75	0.00	(0.01)	0.02	1.14	(0.70)	1.27	(2.10)	5.28
SSIFX	0.70	(0.10)	0.00	(0.57)	0.00	0.00	1.18	(1.81)	4.13
SBIFX	0.32	(0.04)	0.00	(0.55)	0.00	0.00	0.68	(0.69)	1.62
STBFX	0.07	0.00	(0.09)	1.72	0.05	(0.20)	0.20	(0.20)	0.61
SCORX	0.37	(0.04)	0.00	(0.23)	0.00	0.00	0.48	(0.89)	2.35
SGHIX	0.34	(0.05)	0.00	(0.39)	0.00	0.00	0.57	(0.84)	2.47
SGZFX	0.75	0.00	(0.01)	0.02	1.14	(0.70)	1.28	(2.09)	5.30
SIFZX	0.70	(0.10)	0.00	(0.58)	0.00	0.00	1.17	(1.80)	4.11

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