Sextant Short Correlations

STBFX Fund

USD 4.95 0.01 0.20%

The current 90-days correlation between Sextant Short Term and Sextant Growth Fund is 0.01 (i.e., Significant diversification). The correlation of Sextant Short 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 Short Correlation With Market

Average diversification

The correlation between Sextant Short Term Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Short Term Bond 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 Short Term Bond. 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

0.78	SBIFX	Sextant Bond Income	Pair Corr
0.63	VBIRX	Vanguard Short Term	Pair Corr
0.8	VFSUX	Vanguard Short Term	Pair Corr
0.86	VFSIX	Vanguard Short Term	Pair Corr
0.86	VFSTX	Vanguard Short Term	Pair Corr
0.84	VBITX	Vanguard Short Term	Pair Corr
0.84	VBISX	Vanguard Short Term	Pair Corr
0.63	LALDX	Lord Abbett Short	Pair Corr
0.83	VSCSX	Vanguard Short Term	Pair Corr
0.67	LDLAX	Lord Abbett Short	Pair Corr
0.72	LDLRX	Lord Abbett Short	Pair Corr

Moving against Sextant Mutual Fund

0.37	DMO	Western Asset Mortgage	Pair Corr
0.36	BDJ	Blackrock Enhanced Equity	Pair Corr
0.31	FSEAX	Fidelity Emerging Asia	Pair Corr
0.5	FLTTX	Wisdomtree Floating Rate	Pair Corr
0.38	NAVAX	Navigator Equity Hedged Steady Growth	Pair Corr
0.38	PFLLX	Putnam Floating Rate	Pair Corr

Related Correlations Analysis

	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX
SSGFX		-0.32	-0.58	-0.13	0.7	-0.28	1.0	-0.31	SSGFX
SSIFX	-0.32		0.68	0.52	0.34	0.8	-0.32	0.92	SSIFX
SBIFX	-0.58	0.68		0.78	-0.04	0.51	-0.58	0.62	SBIFX
STBFX	-0.13	0.52	0.78		0.31	0.46	-0.13	0.5	STBFX
SCORX	0.7	0.34	-0.04	0.31		0.37	0.7	0.29	SCORX
SGHIX	-0.28	0.8	0.51	0.46	0.37		-0.28	0.85	SGHIX
SGZFX	1.0	-0.32	-0.58	-0.13	0.7	-0.28		-0.32	SGZFX
SIFZX	-0.31	0.92	0.62	0.5	0.29	0.85	-0.32		SIFZX
	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX

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

SGZFX	+ 1.0	SSGFX
SIFZX	+ 0.92	SSIFX
SIFZX	+ 0.85	SGHIX
SGHIX	+ 0.8	SSIFX
STBFX	+ 0.78	SBIFX
SCORX	+ 0.7	SSGFX

High negative correlations

SGZFX	- 0.58	SBIFX
SBIFX	- 0.58	SSGFX
SIFZX	- 0.32	SGZFX
SGZFX	- 0.32	SSIFX
SSIFX	- 0.32	SSGFX
SIFZX	- 0.31	SSGFX

Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Short 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 Short'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
SSGFX	0.61	0.10	0.07	0.25	0.61	(0.66)	1.48	(1.21)	4.76
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
STBFX	0.06	(0.01)	(0.58)	(0.50)	0.09	(0.20)	0.20	(0.20)	0.40
SCORX	0.30	0.01	(0.19)	0.14	0.26	(0.33)	0.58	(0.52)	1.74
SGHIX	0.35	(0.01)	(0.24)	(0.06)	0.42	(0.39)	0.73	(0.72)	2.09
SGZFX	0.61	0.10	0.07	0.25	0.61	(0.66)	1.48	(1.21)	4.75
SIFZX	0.66	(0.01)	(0.13)	0.01	0.86	(0.67)	1.24	(1.42)	4.40

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