Sextant Growth Correlations

SSGFX Fund

USD 58.80 0.83 1.43%

The current 90-days correlation between Sextant Growth and Sextant International Fund is 0.71 (i.e., Poor diversification). The correlation of Sextant Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Sextant Growth Fund and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Growth 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 Growth 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 census.

Moving together with Sextant Mutual Fund

0.7	SCORX	Sextant E Fund	Pair Corr
1.0	SGZFX	Sextant Growth	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.95	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.95	CGFCX	Growth Fund	Pair Corr
0.95	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.84	GMAWX	Gmo Small Cap	Pair Corr
0.84	FMAGX	Fidelity Magellan	Pair Corr
0.98	PRWAX	T Rowe Price	Pair Corr
0.75	NEXTX	Shelton Green Alpha	Pair Corr
0.91	VEXRX	Vanguard Explorer	Pair Corr
0.85	PFLLX	Putnam Floating Rate	Pair Corr
0.98	AMEIX	Equity Growth	Pair Corr
0.88	CAGIX	Calvert Aggressive	Pair Corr
0.99	VIGAX	Vanguard Growth Index	Pair Corr
0.61	PFN	Pimco Income Strategy	Pair Corr
0.88	DFSVX	Us Small Cap	Pair Corr

Moving against Sextant Mutual Fund

0.65	GAAGX	Gmo Alternative Allo	Pair Corr
0.63	GAAKX	Gmo Alternative Allo	Pair Corr
0.58	SBIFX	Sextant Bond Income	Pair Corr
0.32	SSIFX	Sextant International	Pair Corr
0.31	SIFZX	Sextant International	Pair Corr
0.52	GPBFX	Gmo E Plus	Pair Corr
0.38	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	SSIFX	SBIFX	WESWX	VALSX	STBFX
SSIFX		0.68	-0.16	-0.24	0.52	SSIFX
SBIFX	0.68		-0.35	-0.29	0.78	SBIFX
WESWX	-0.16	-0.35		-0.05	-0.46	WESWX
VALSX	-0.24	-0.29	-0.05		0.04	VALSX
STBFX	0.52	0.78	-0.46	0.04		STBFX
	SSIFX	SBIFX	WESWX	VALSX	STBFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

STBFX	+ 0.78	SBIFX
SBIFX	+ 0.68	SSIFX
STBFX	+ 0.52	SSIFX
STBFX	+ 0.04	VALSX

High negative correlations

STBFX	- 0.46	WESWX
WESWX	- 0.35	SBIFX
VALSX	- 0.29	SBIFX
VALSX	- 0.24	SSIFX
WESWX	- 0.16	SSIFX
VALSX	- 0.05	WESWX

Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Growth 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 Growth'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
SSIFX	0.67	(0.05)	(0.10)	0.03	0.85	(0.70)	1.25	(1.43)	4.38
SBIFX	0.29	(0.05)	0.00	3.62	0.00	0.00	0.46	(0.68)	1.60
WESWX	0.63	(0.16)	0.00	(0.08)	0.00	0.00	1.14	(0.83)	10.53
VALSX	0.57	(0.04)	(0.09)	0.06	0.73	(0.58)	1.20	(1.35)	3.34
STBFX	0.06	(0.01)	(0.58)	(0.50)	0.09	(0.20)	0.20	(0.20)	0.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC