Seafarer Overseas Correlations

SIGIX Fund

USD 11.85 0.04 0.34%

The current 90-days correlation between Seafarer Overseas Growth and Nuveen Core Equity is 0.01 (i.e., Significant 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 0.35 (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

1.0	SFGIX	Seafarer Overseas Growth	Pair Corr
0.96	SFVLX	Seafarer Overseas Value	Pair Corr
0.96	SIVLX	Seafarer Overseas Value	Pair Corr
0.85	VEMAX	Vanguard Emerging Markets	Pair Corr
0.85	VEIEX	Vanguard Emerging Markets	Pair Corr
0.85	VEMIX	Vanguard Emerging Markets	Pair Corr
0.85	VEMRX	Vanguard Emerging Markets	Pair Corr
0.95	FWWNX	American Funds New	Pair Corr
0.95	FNFWX	American Funds New	Pair Corr
0.94	NEWFX	New World Fund	Pair Corr
0.95	NWFFX	New World Fund	Pair Corr
0.95	NEWCX	New World Fund	Pair Corr
0.88	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Seafarer Mutual Fund

0.72	MLCIX	Bmo Large Cap	Pair Corr
0.67	DNMDX	Dunham Monthly Distr	Pair Corr
0.66	LETRX	Voya Russia Fund	Pair Corr
0.55	CPODX	Morgan Stanley Multi Steady Growth	Pair Corr
0.35	RIMOX	City National Rochdale	Pair Corr
0.81	DFFGX	Dfa Short Term	Pair Corr
0.77	GPICX	Guidepath Conservative	Pair Corr

Related Correlations Analysis

	XJCEX	QLENX	SWSFX	PAEIX	AAEZX	DDCFX
XJCEX		0.52	0.24	0.21	0.81	0.59	XJCEX
QLENX	0.52		0.82	-0.21	0.45	-0.06	QLENX
SWSFX	0.24	0.82		-0.23	0.24	-0.11	SWSFX
PAEIX	0.21	-0.21	-0.23		0.47	0.55	PAEIX
AAEZX	0.81	0.45	0.24	0.47		0.66	AAEZX
DDCFX	0.59	-0.06	-0.11	0.55	0.66		DDCFX
	XJCEX	QLENX	SWSFX	PAEIX	AAEZX	DDCFX

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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

SWSFX	+ 0.82	QLENX
AAEZX	+ 0.81	XJCEX
DDCFX	+ 0.66	AAEZX
DDCFX	+ 0.59	XJCEX
DDCFX	+ 0.55	PAEIX
QLENX	+ 0.52	XJCEX

High negative correlations

PAEIX	- 0.23	SWSFX
PAEIX	- 0.21	QLENX
DDCFX	- 0.11	SWSFX
DDCFX	- 0.06	QLENX

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
XJCEX	0.62	0.06	(0.03)	15.53	0.89	(0.58)	1.25	(1.58)	5.31
QLENX	0.41	0.13	0.12	1.00	0.03	(0.51)	0.83	(0.63)	2.89
SWSFX	0.03	0.00	0.00	0.12	0.00	0.00	0.10	(0.10)	0.59
PAEIX	0.57	(0.02)	(0.10)	0.00	0.80	(0.60)	1.18	(1.37)	3.87
AAEZX	0.24	0.00	(0.19)	0.09	0.29	(0.29)	0.61	(0.50)	2.01
DDCFX	0.20	(0.01)	(0.37)	(0.56)	0.22	(0.28)	0.55	(0.44)	1.42

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