Sequoia Fund Correlations

SEQUX Fund

USD 189.97 1.20 0.64%

The current 90-days correlation between Sequoia Fund and Longleaf Partners Fund is 0.66 (i.e., Poor diversification). The correlation of Sequoia Fund 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.

Sequoia Fund Correlation With Market

Poor diversification

The correlation between Sequoia Fund Inc and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sequoia Fund Inc 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 Sequoia Fund Inc. 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 employment.

Moving together with Sequoia Mutual Fund

0.73	PGAIX	Pimco Global Multi	Pair Corr
0.66	TAIAX	American Funds Tax	Pair Corr

Related Correlations Analysis

	LLPFX	FAIRX	YACKX	CFIMX	FPACX
LLPFX		-0.53	0.52	0.91	0.93	LLPFX
FAIRX	-0.53		-0.09	-0.65	-0.6	FAIRX
YACKX	0.52	-0.09		0.65	0.65	YACKX
CFIMX	0.91	-0.65	0.65		0.92	CFIMX
FPACX	0.93	-0.6	0.65	0.92		FPACX
	LLPFX	FAIRX	YACKX	CFIMX	FPACX

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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

FPACX	+ 0.93	LLPFX
FPACX	+ 0.92	CFIMX
CFIMX	+ 0.91	LLPFX
CFIMX	+ 0.65	YACKX
FPACX	+ 0.65	YACKX
YACKX	+ 0.52	LLPFX

High negative correlations

CFIMX	- 0.65	FAIRX
FPACX	- 0.6	FAIRX
FAIRX	- 0.53	LLPFX
YACKX	- 0.09	FAIRX

Risk-Adjusted Indicators

There is a big difference between Sequoia Mutual Fund performing well and Sequoia Fund 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 Sequoia Fund'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
LLPFX	0.54	0.01	(0.05)	0.14	0.56	(0.61)	1.05	(1.20)	3.15
FAIRX	0.77	(0.24)	0.00	(0.16)	0.00	0.00	1.63	(1.89)	6.58
YACKX	0.42	0.00	(0.21)	0.09	0.53	(0.43)	1.00	(0.70)	2.43
CFIMX	0.68	(0.01)	0.01	0.12	0.74	(0.68)	1.54	(1.12)	5.22
FPACX	0.40	0.05	(0.14)	(0.83)	0.49	(0.39)	0.69	(0.73)	2.32

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