Sextant Short-term Correlations

STBFX Fund

USD 4.94 0.01 0.20%

The current 90-days correlation between Sextant Short Term and Ambrus Core Bond is 0.62 (i.e., Poor diversification). The correlation of Sextant Short-term 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-term Correlation With Market

Good diversification

The correlation between Sextant Short Term Bond and DJI is -0.02 (i.e., Good 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

0.7	VBIRX	Vanguard Short Term	Pair Corr
0.76	VFSUX	Vanguard Short Term	Pair Corr
0.77	VFSIX	Vanguard Short Term	Pair Corr
0.83	VFSTX	Vanguard Short Term	Pair Corr
0.68	VBITX	Vanguard Short Term	Pair Corr
0.68	VBISX	Vanguard Short Term	Pair Corr
0.85	LALDX	Lord Abbett Short	Pair Corr
0.69	VSCSX	Vanguard Short Term	Pair Corr
0.85	LDLAX	Lord Abbett Short	Pair Corr
0.84	LDLRX	Lord Abbett Short	Pair Corr
0.62	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.61	UOPIX	Ultra Nasdaq 100	Pair Corr
0.74	INPIX	Internet Ultrasector	Pair Corr
0.73	INPSX	Internet Ultrasector	Pair Corr
0.63	EGLNX	Eagle Mlp Strategy	Pair Corr
0.79	BKIPX	Blackrock Short Term	Pair Corr
0.72	ILLLX	Transamerica Capital	Pair Corr
0.64	PACOX	T Rowe Price	Pair Corr
0.69	RAGTX	Allianzgi Technology	Pair Corr
0.64	IAXAX	Vy T Rowe	Pair Corr
0.77	ADOCX	Alger Dynamic Opport	Pair Corr
0.61	SWPPX	Schwab Sp 500	Pair Corr

Moving against Sextant Mutual Fund

0.39

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	TTRBX	AAEZX	ABNTX	DSDYX	TFBIX	TBGAX
TTRBX		0.69	0.83	0.86	0.7	0.68	TTRBX
AAEZX	0.69		0.59	0.7	0.8	0.78	AAEZX
ABNTX	0.83	0.59		0.58	0.47	0.46	ABNTX
DSDYX	0.86	0.7	0.58		0.79	0.76	DSDYX
TFBIX	0.7	0.8	0.47	0.79		1.0	TFBIX
TBGAX	0.68	0.78	0.46	0.76	1.0		TBGAX
	TTRBX	AAEZX	ABNTX	DSDYX	TFBIX	TBGAX

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Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Short-term 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-term'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
TTRBX	0.16	(0.02)	0.00	(1.62)	0.00	0.00	0.41	(0.30)	1.01
AAEZX	0.26	(0.01)	(0.07)	(0.07)	0.34	(0.30)	0.61	(0.60)	2.01
ABNTX	0.15	(0.02)	0.00	(2.07)	0.00	0.00	0.20	(0.30)	0.79
DSDYX	0.16	(0.01)	0.00	(0.57)	0.00	0.00	0.40	(0.30)	0.95
TFBIX	0.20	(0.02)	0.00	(0.29)	0.00	0.00	0.40	(0.50)	1.59
TBGAX	0.23	(0.02)	0.00	(0.28)	0.00	0.00	0.46	(0.55)	1.75

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