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 0.69 (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

Very weak diversification

The correlation between Sextant Growth Fund and DJI is 0.55 (i.e., Very weak 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

  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.69GFAFX Growth FundPairCorr
  0.69AGTHX Growth FundPairCorr
  0.69CGFFX Growth FundPairCorr
  0.71CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.67XPPRX Voya Prime RatePairCorr
  0.61PCF Putnam High IncomePairCorr
  0.82RYRCX Retailing Fund ClassPairCorr
  0.72CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.82MNEVX Mainstay Conservative EtfPairCorr
  0.66AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.69CSCO Cisco Systems Sell-off TrendPairCorr
  0.73JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

Moving against Sextant Mutual Fund

  0.63SBIFX Sextant Bond IncomePairCorr
  0.37NXJ Nuveen New JerseyPairCorr
  0.36XNXJX Nuveen New JerseyPairCorr
  0.68JNJ Johnson Johnson Sell-off TrendPairCorr
  0.67PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.64KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.55MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.43XNBHX Neuberger Berman IntPairCorr
  0.36VZ Verizon Communications Fiscal Year End 28th 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
  
High negative correlations   
STBFXWESWX
WESWXSBIFX
VALSXSBIFX
WESWXSSIFX
VALSXSSIFX
STBFXVALSX

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.