Sextant Growth Correlations

SSGFX Fund  USD 58.06  0.68  1.19%   
The current 90-days correlation between Sextant Growth and Sextant International Fund is 0.74 (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

Good diversification

The correlation between Sextant Growth Fund and DJI is -0.01 (i.e., Good 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
  0.98FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.95GFAFX Growth FundPairCorr
  0.95AGTHX Growth FundPairCorr
  0.95CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.95CGFEX Growth FundPairCorr
  0.95RGAEX Growth FundPairCorr
  0.92ASG Liberty All StarPairCorr
  0.91CII Blackrock EnhancedPairCorr
  0.92ETV Eaton Vance TaxPairCorr
  0.85CLM Cornerstone StrategicPairCorr
  0.87CRF Cornerstone StrategicPairCorr
  0.92USA Liberty All StarPairCorr
  0.95ETY Eaton Vance TaxPairCorr
  0.76NFJ Virtus Dividend InterestPairCorr
  0.93VKSDX Virtus Kar SmallPairCorr
  0.92ADX Adams Diversified EquityPairCorr
  0.98FXAIX Fidelity 500 IndexPairCorr
  0.89BALFX American BalancedPairCorr
  0.95FAGIX Fidelity Capital IncomePairCorr
  0.86ARTFX Artisan High IncomePairCorr
  0.99CAFFX Amcap Fund ClassPairCorr
  0.84FPIOX Strategic Advisers IncomePairCorr
  0.86PRISX T Rowe PricePairCorr
  0.71PFN Pimco Income StrategyPairCorr
  0.71HDGIX Hartford DividendPairCorr
  0.83TUHYX T Rowe PricePairCorr

Moving against Sextant Mutual Fund

  0.69SBIFX Sextant Bond IncomePairCorr
  0.35IFN India ClosedPairCorr

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

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.