Sextant Growth Correlations

SSGFX Fund  USD 57.92  0.14  0.24%   
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 0.64 (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

  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.95CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.71PFN Pimco Income StrategyPairCorr
  0.8XNKGX Nuveen Georgia QualityPairCorr
  0.79XPPRX Voya Prime RatePairCorr
  0.85PCF Putnam High IncomePairCorr
  0.87CLM Cornerstone StrategicPairCorr
  0.91AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.93CSCO Cisco Systems Aggressive PushPairCorr
  0.81HD Home DepotPairCorr
  0.77T ATT Inc Aggressive PushPairCorr
  0.78JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.76INTC Intel Downward RallyPairCorr

Moving against Sextant Mutual Fund

  0.65SBIFX Sextant Bond IncomePairCorr
  0.53XNXJX Nuveen New JerseyPairCorr
  0.37NXJ Nuveen New JerseyPairCorr
  0.8JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.76MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.74KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.66PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.53BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.52XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

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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   
STBFXSBIFX
SBIFXSSIFX
STBFXSSIFX
VALSXWESWX
  
High negative correlations   
WESWXSBIFX
STBFXWESWX
VALSXSBIFX
VALSXSSIFX
STBFXVALSX
WESWXSSIFX

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.