Segall Bryant Correlations

SBHVX Fund  USD 15.08  0.05  0.33%   
The current 90-days correlation between Segall Bryant Hamill and Segall Bryant Hamill is 0.97 (i.e., Almost no diversification). The correlation of Segall Bryant 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.

Segall Bryant Correlation With Market

Poor diversification

The correlation between Segall Bryant Hamill and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamill 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 Segall Bryant Hamill. 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 real.

Moving together with Segall Mutual Fund

  0.99SBASX Segall Bryant HamillPairCorr
  0.9SBAPX Segall Bryant HamillPairCorr
  0.98SBEMX Segall Bryant HamillPairCorr
  0.97SBHAX Segall Bryant HamillPairCorr
  0.99SBHCX Segall Bryant HamillPairCorr
  0.98SBHEX Segall Bryant HamillPairCorr
  0.9SBHPX Segall Bryant HamillPairCorr
  0.96SBHSX Segall Bryant HamillPairCorr
  1.0SBRVX Segall Bryant HamillPairCorr
  0.97SBRAX Segall Bryant HamillPairCorr
  0.96SBSIX Segall Bryant HamillPairCorr
  0.85WTCOX Westcore Orado TaxPairCorr
  0.67WTIBX Westcore Plus BondPairCorr
  0.97WTMVX Westcore Global LargePairCorr
  0.95WTLTX Westcore Flexible IncomePairCorr
  0.97WTSGX Westcore Small CapPairCorr
  0.89WTTAX Westcore MunicipalPairCorr
  0.93CIEQX Segall Bryant HamllPairCorr
  0.93CIQRX Segall Bryant HamllPairCorr
  0.85WICOX Westcore Orado TaxPairCorr
  0.67WIIBX Westcore Plus BondPairCorr
  0.97WIMVX Westcore Global LargePairCorr
  0.95WILTX Westcore Flexible IncomePairCorr
  0.97WISGX Westcore Small CapPairCorr
  0.89WITAX Westcore MunicipalPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  1.0FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.8GAAKX Gmo Alternative AlloPairCorr
  0.79GAAGX Gmo Alternative AlloPairCorr
  0.64GPBFX Gmo E PlusPairCorr

Moving against Segall Mutual Fund

  0.45GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Segall Mutual Fund performing well and Segall Bryant 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 Segall Bryant'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SBASX  0.86  0.06  0.07  0.19  0.74 
 2.17 
 6.32 
SBAPX  0.06  0.02 (0.96) 9.48  0.00 
 0.10 
 0.40 
SBEMX  0.51  0.21  0.17  0.61  0.16 
 1.46 
 4.04 
SBHAX  0.63  0.04  0.03  0.18  0.60 
 1.82 
 4.69 
SBHCX  0.85  0.07  0.07  0.20  0.75 
 2.09 
 6.28 
SBHEX  0.49  0.21  0.16  0.61  0.12 
 1.46 
 4.01 
SBHPX  0.06  0.02 (1.09) 6.10  0.00 
 0.10 
 0.30 
SBHSX  0.50  0.21  0.16  1.11  0.14 
 1.24 
 2.85 
SBHVX  1.01  0.15  0.15  0.27  0.82 
 2.87 
 7.44 
SBRVX  0.99  0.15  0.15  0.27  0.80 
 2.68 
 7.38