Sextant Bond Correlations

SBIFX Fund

USD 4.39 0.02 0.45%

The current 90-days correlation between Sextant Bond Income and Sextant Growth Fund is -0.1 (i.e., Good 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

Good diversification

The correlation between Sextant Bond Income and DJI is -0.01 (i.e., Good 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

0.66	SSIFX	Sextant International	Pair Corr
0.78	STBFX	Sextant Short Term	Pair Corr
0.65	SIFZX	Sextant International	Pair Corr
0.95	VWETX	Vanguard Long Term	Pair Corr
0.99	VWESX	Vanguard Long Term	Pair Corr
1.0	VBLAX	Vanguard Long Term	Pair Corr
1.0	VBLLX	Vanguard Long Term	Pair Corr
1.0	VBLIX	Vanguard Long Term	Pair Corr
0.99	SLDAX	Siit Long Duration	Pair Corr
0.99	VLTCX	Vanguard Long Term	Pair Corr
0.95	VLCIX	Vanguard Long Term	Pair Corr
0.99	PLRIX	Pimco Long Term	Pair Corr
1.0	PLRPX	Pimco Long Duration	Pair Corr
0.62	USPSX	Profunds Ultrashort	Pair Corr
0.62	USPIX	Profunds Ultrashort	Pair Corr

Moving against Sextant Mutual Fund

0.57	SGZFX	Sextant Growth	Pair Corr
0.56	SSGFX	Sextant Growth	Pair Corr
0.86	PYAIX	Payden Absolute Return	Pair Corr
0.8	FTCAX	Templeton Strained Bond	Pair Corr
0.73	PYARX	Payden Absolute Return	Pair Corr
0.7	PSDTX	Putnam Short Duration	Pair Corr
0.69	DODGX	Dodge Stock Fund	Pair Corr
0.64	CRF	Cornerstone Strategic	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.58	PHK	Pimco High Income	Pair Corr
0.55	VWNEX	Vanguard Windsor	Pair Corr
0.53	DFSVX	Us Small Cap	Pair Corr
0.45	BCAAX	Brandywineglobal C	Pair Corr
0.39	PFN	Pimco Income Strategy	Pair Corr
0.82	FLTTX	Wisdomtree Floating Rate	Pair Corr
0.77	PFLLX	Putnam Floating Rate	Pair Corr

Related Correlations Analysis

	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX
SSGFX		-0.36	-0.56	-0.11	0.66	-0.37	0.94	-0.36	SSGFX
SSIFX	-0.36		0.66	0.51	0.27	0.84	-0.32	1.0	SSIFX
SBIFX	-0.56	0.66		0.78	0.03	0.56	-0.57	0.65	SBIFX
STBFX	-0.11	0.51	0.78		0.36	0.47	-0.12	0.51	STBFX
SCORX	0.66	0.27	0.03	0.36		0.32	0.59	0.27	SCORX
SGHIX	-0.37	0.84	0.56	0.47	0.32		-0.35	0.84	SGHIX
SGZFX	0.94	-0.32	-0.57	-0.12	0.59	-0.35		-0.32	SGZFX
SIFZX	-0.36	1.0	0.65	0.51	0.27	0.84	-0.32		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

SIFZX	+ 1.0	SSIFX
SGZFX	+ 0.94	SSGFX
SGHIX	+ 0.84	SSIFX
SIFZX	+ 0.84	SGHIX
STBFX	+ 0.78	SBIFX
SCORX	+ 0.66	SSGFX

High negative correlations

SGZFX	- 0.57	SBIFX
SBIFX	- 0.56	SSGFX
SGHIX	- 0.37	SSGFX
SIFZX	- 0.36	SSGFX
SSIFX	- 0.36	SSGFX
SGZFX	- 0.35	SGHIX

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	0.61	0.06	0.04	0.19	0.68	(0.63)	1.43	(1.21)	4.76
SSIFX	0.67	0.01	(0.09)	0.16	0.85	(0.70)	1.25	(1.43)	4.38
SBIFX	0.30	(0.06)	0.00	9.32	0.00	0.00	0.46	(0.68)	1.60
STBFX	0.06	(0.01)	(0.53)	(0.50)	0.09	(0.20)	0.20	(0.20)	0.40
SCORX	0.30	(0.01)	(0.20)	0.07	0.31	(0.32)	0.53	(0.57)	1.74
SGHIX	0.35	(0.01)	(0.21)	(0.03)	0.42	(0.39)	0.73	(0.72)	2.09
SGZFX	0.61	0.18	0.08	(29.71)	0.61	(0.66)	1.48	(1.21)	4.75
SIFZX	0.67	0.01	(0.09)	0.17	0.86	(0.68)	1.24	(1.42)	4.40

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