Seafarer Overseas Correlations

Mutual Funds . USA . 
Fund . Seafarer Overseas Growth
SFGIX Fund  USD 12.20  0.07  0.57%   
The current 90-days correlation between Seafarer Overseas Growth and Gamco Natural Resources is 0.68 (i.e., Poor diversification). The correlation of Seafarer Overseas 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.

Seafarer Overseas Correlation With Market

Weak diversification

The correlation between Seafarer Overseas Growth and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Growth 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 Seafarer Overseas Growth. 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 gross domestic product.

Moving together with Seafarer Mutual Fund

  0.69SFVLX Seafarer Overseas ValuePairCorr
  0.68SIVLX Seafarer Overseas ValuePairCorr
  0.69FWWNX American Funds NewPairCorr
  0.69FNFWX American Funds NewPairCorr
  0.7NEWFX New World FundPairCorr
  0.7NWFFX New World FundPairCorr
  0.71NEWCX New World FundPairCorr
  0.71ODVYX Oppenheimer DevelopingPairCorr
  0.77BRUFX Bruce Fund BrucePairCorr
  0.7KF Korea ClosedPairCorr

Moving against Seafarer Mutual Fund

  0.78XGEIX Guggenheim Energy IncomePairCorr
  0.68TLCYX Touchstone Large CapPairCorr
  0.58SAGAX Ridgeworth InnovativePairCorr
  0.49AMEIX Equity GrowthPairCorr
  0.48AMGIX Income GrowthPairCorr
  0.46VFIAX Vanguard 500 IndexPairCorr
  0.46VFINX Vanguard 500 IndexPairCorr
  0.43WWLAX Westwood Largecap ValuePairCorr
  0.42SPGSX State Street PremierPairCorr
  0.4MLMAX Global E PortfolioPairCorr

Related Correlations Analysis

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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   
RYVIX
+ 0.86
FIKAX
SBMBX
+ 0.83
FIKAX
SBMBX
+ 0.74
GMOWX
SBMBX
+ 0.72
GRHAX
GMOWX
+ 0.7
XGNTX
SBMBX
+ 0.69
RYVIX
  
High negative correlations   
FIKAX
- 0.96
SNPIX
RYVIX
- 0.78
SNPIX
SBMBX
- 0.71
SNPIX
GRHAX
- 0.71
SNPIX
SNPIX
- 0.14
GMOWX
RYVIX
- 0.06
XGNTX

Risk-Adjusted Indicators

There is a big difference between Seafarer Mutual Fund performing well and Seafarer Overseas 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 Seafarer Overseas' 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.

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