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 0.2 (i.e., Modest 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

  0.94FAFGX American FundsPairCorr
  0.94FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.94CGFCX Growth FundPairCorr
  0.94CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.92AAOTX American Funds 2065PairCorr
  0.9PNOPX Putnam Multi CapPairCorr
  0.99TILIX Tiaa-cref Large-capPairCorr
  0.99PREIX T Rowe PricePairCorr
  0.88MCIFX Miller Vertible BondPairCorr
  0.81BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.82HD Home DepotPairCorr
  0.77T ATT Inc Aggressive PushPairCorr
  0.74HPQ HP IncPairCorr
  0.93CSCO Cisco Systems Aggressive PushPairCorr
  0.84CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.8WMT Walmart Aggressive PushPairCorr

Moving against Sextant Mutual Fund

  0.67SBIFX Sextant Bond IncomePairCorr
  0.67PFHCX Pacific Funds SmallPairCorr
  0.34NHS Neuberger Berman HighPairCorr
  0.79JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.58BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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
VALSXSBIFX
STBFXWESWX
VALSXSSIFX
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.