Sextant Growth Correlations

SSGFX Fund  USD 58.43  0.51  0.88%   
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 0.63 (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

  0.78SCORX Sextant E FundPairCorr
  1.0SGZFX Sextant GrowthPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.88LGMNX Loomis Sayles GlobalPairCorr
  0.87JAAIX Alternative AssetPairCorr
  0.96NSFLX Natixis SustainablePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.65LIGGX Loomis Sayles InternPairCorr
  0.99DRGTX Allianzgi TechnologyPairCorr
  0.98PRUFX T Rowe PricePairCorr
  0.92VISVX Vanguard Small CapPairCorr
  0.82GAFAX Asg Global AlternativesPairCorr
  0.99FRAAX Franklin Growth OppoPairCorr
  0.97AMONX Aqr Large CapPairCorr

Moving against Sextant Mutual Fund

  0.63SBIFX Sextant Bond IncomePairCorr
  0.61GAAGX Gmo Alternative AlloPairCorr
  0.6GPBFX Gmo E PlusPairCorr
  0.59GAAKX Gmo Alternative AlloPairCorr
  0.44GPMFX Guidepath Managed FuturesPairCorr

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
STBFXVALSX
  
High negative correlations   
WESWXSBIFX
STBFXWESWX
VALSXSBIFX
WESWXSSIFX
VALSXSSIFX

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.