Segall Bryant Correlations

SBRAX Fund

USD 24.25 0.11 0.46%

The current 90-days correlation between Segall Bryant Hamill and Columbia Real Estate is 0.3 (i.e., Weak diversification). The correlation of Segall Bryant 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.

Segall Bryant Correlation With Market

Very poor diversification

The correlation between Segall Bryant Hamill and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamill 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 Segall Bryant Hamill. 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 nation.

Moving together with Segall Mutual Fund

0.97	SBASX	Segall Bryant Hamill	Pair Corr
1.0	SBHAX	Segall Bryant Hamill	Pair Corr
0.97	SBHCX	Segall Bryant Hamill	Pair Corr
0.96	SBHVX	Segall Bryant Hamill	Pair Corr
0.96	SBRVX	Segall Bryant Hamill	Pair Corr
0.94	WTMVX	Westcore Global Large	Pair Corr
0.98	WTSGX	Westcore Small Cap	Pair Corr
0.94	WIMVX	Westcore Global Large	Pair Corr
0.98	WISGX	Westcore Small Cap	Pair Corr
0.95	FAFGX	American Funds	Pair Corr
0.95	FFAFX	American Funds	Pair Corr
0.95	GFACX	Growth Fund	Pair Corr
0.95	GFAFX	Growth Fund	Pair Corr
0.95	AGTHX	Growth Fund	Pair Corr
0.95	CGFFX	Growth Fund	Pair Corr
0.95	CGFCX	Growth Fund	Pair Corr
0.95	CGFAX	Growth Fund	Pair Corr
0.95	CGFEX	Growth Fund	Pair Corr
0.95	RGAEX	Growth Fund	Pair Corr
0.63	FSMMX	Fs Multi Strategy	Pair Corr

Moving against Segall Mutual Fund

0.59	WTIBX	Westcore Plus Bond	Pair Corr
0.59	WIIBX	Westcore Plus Bond	Pair Corr
0.53	CIEQX	Segall Bryant Hamll	Pair Corr
0.53	CIQRX	Segall Bryant Hamll	Pair Corr
0.44	SBHSX	Segall Bryant Hamill	Pair Corr
0.44	SBSIX	Segall Bryant Hamill	Pair Corr
0.31	WTTAX	Westcore Municipal	Pair Corr
0.55	MDIIX	Blackrock Intern Index	Pair Corr
0.54	BTMPX	Ishares Msci Eafe	Pair Corr
0.54	BTMKX	Blackrock International	Pair Corr
0.44	FMFFX	Fs Managed Futures	Pair Corr

Related Correlations Analysis

	CREYX	FIKMX	FORFX	TIREX	CREEX	FRLAX	JYEBX
CREYX		0.74	0.36	0.91	1.0	0.88	0.94	CREYX
FIKMX	0.74		-0.12	0.81	0.75	0.9	0.53	FIKMX
FORFX	0.36	-0.12		0.0	0.35	-0.07	0.6	FORFX
TIREX	0.91	0.81	0.0		0.91	0.97	0.77	TIREX
CREEX	1.0	0.75	0.35	0.91		0.89	0.94	CREEX
FRLAX	0.88	0.9	-0.07	0.97	0.89		0.7	FRLAX
JYEBX	0.94	0.53	0.6	0.77	0.94	0.7		JYEBX
	CREYX	FIKMX	FORFX	TIREX	CREEX	FRLAX	JYEBX

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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

CREEX	+ 1.0	CREYX
FRLAX	+ 0.97	TIREX
JYEBX	+ 0.94	CREYX
JYEBX	+ 0.94	CREEX
TIREX	+ 0.91	CREYX
CREEX	+ 0.91	TIREX

High negative correlations

FORFX	- 0.12	FIKMX
FRLAX	- 0.07	FORFX
TIREX	- 0.0	FORFX

Risk-Adjusted Indicators

There is a big difference between Segall Mutual Fund performing well and Segall Bryant 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 Segall Bryant'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
CREYX	0.68	0.05	(0.06)	0.35	0.77	(0.74)	1.31	(1.31)	3.61
FIKMX	0.22	0.02	(0.36)	1.68	0.21	(0.23)	0.49	(0.41)	1.22
FORFX	0.06	0.02	0.00	1.10	0.00	0.00	0.11	0.00	0.93
TIREX	0.70	0.04	(0.08)	0.54	0.79	(0.76)	1.25	(1.36)	3.56
CREEX	0.68	0.05	(0.06)	0.34	0.75	(0.76)	1.24	(1.33)	3.57
FRLAX	0.68	0.05	(0.08)	1.85	0.81	(0.69)	1.17	(1.27)	3.90
JYEBX	0.66	0.06	(0.04)	0.35	0.75	(0.69)	1.22	(1.15)	3.51

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