Seafarer Overseas Correlations
| SFVLX Fund | USD 13.90 0.05 0.36% |
The current 90-days correlation between Seafarer Overseas Value and Eventide Healthcare Life is 0.38 (i.e., Weak 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
Modest diversification
The correlation between Seafarer Overseas Value and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Value and DJI in the same portfolio, assuming nothing else is changed.
Seafarer |
Moving together with Seafarer Mutual Fund
| 0.69 | SFGIX | Seafarer Overseas Growth | PairCorr |
| 1.0 | SIVLX | Seafarer Overseas Value | PairCorr |
| 0.89 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.89 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.93 | FWWNX | American Funds New | PairCorr |
| 0.93 | FNFWX | American Funds New | PairCorr |
| 0.93 | NEWFX | New World Fund | PairCorr |
| 0.93 | NWFFX | New World Fund | PairCorr |
| 0.93 | NEWCX | New World Fund | PairCorr |
| 0.91 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.62 | PFN | Pimco Income Strategy | PairCorr |
| 0.65 | CIF | Mfs Intermediate High | PairCorr |
| 0.75 | LIGYX | Loomis Sayles Intern | PairCorr |
Related Correlations Analysis
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETAHX | 1.02 | (0.14) | 0.00 | (0.01) | 0.00 | 2.27 | 7.54 | |||
| LHCCX | 0.77 | (0.10) | 0.00 | (0.01) | 0.00 | 1.50 | 5.15 | |||
| BHSRX | 0.58 | (0.14) | 0.00 | (0.12) | 0.00 | 0.91 | 3.39 | |||
| HIAHX | 0.64 | (0.19) | 0.00 | (0.20) | 0.00 | 0.91 | 3.83 | |||
| LOGSX | 0.61 | (0.13) | 0.00 | (0.11) | 0.00 | 1.02 | 3.97 | |||
| AHSCX | 0.57 | (0.07) | 0.00 | (0.03) | 0.00 | 0.82 | 4.55 | |||
| SBHIX | 0.63 | (0.14) | 0.00 | (0.13) | 0.00 | 1.00 | 4.23 |