Sextant Core Correlations

SCORX Fund

USD 16.81 0.06 0.36%

The current 90-days correlation between Sextant E Fund and Sextant Growth Fund is 0.86 (i.e., Very poor diversification). The correlation of Sextant Core 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 Core Correlation With Market

Weak diversification

The correlation between Sextant E Fund and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant E Fund 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 E Fund. 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 metropolitan statistical area.

Moving together with Sextant Mutual Fund

0.83	SSIFX	Sextant International	Pair Corr
0.9	SBIFX	Sextant Bond Income	Pair Corr
0.82	SGHIX	Sextant Global High	Pair Corr
0.83	SIFZX	Sextant International	Pair Corr
0.93	FBONX	American Funds American	Pair Corr
0.93	FBAFX	American Funds American	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.92	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.93	RLBCX	American Balanced	Pair Corr
0.92	RLBBX	American Balanced	Pair Corr
0.93	CLBAX	American Balanced	Pair Corr
0.93	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
0.63	NHS	Neuberger Berman High	Pair Corr

Moving against Sextant Mutual Fund

0.51	PAIAX	Pimco Short Asset	Pair Corr
0.48	PSAPX	Smallcap Sp 600	Pair Corr
0.46	TFLCX	Transamerica Floating	Pair Corr
0.44	TFLAX	Transamerica Floating	Pair Corr
0.74	BTCRX	Vest Bitcoin Strategy	Pair Corr
0.57	BIVRX	Balter Invenomic	Pair Corr
0.52	SWSFX	Ultra Short Fixed	Pair Corr
0.5	LSFYX	Loomis Sayles Senior	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 Core 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 Core'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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