Sextant Bond Correlations

SBIFX Fund

USD 4.37 0.01 0.23%

The current 90-days correlation between Sextant Bond Income and Qs Growth Fund is -0.04 (i.e., Good diversification). The correlation of Sextant Bond 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 Bond Correlation With Market

Average diversification

The correlation between Sextant Bond Income and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Bond Income 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 Bond Income. 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

0.99	VWETX	Vanguard Long Term	Pair Corr
0.99	VWESX	Vanguard Long Term	Pair Corr
0.95	VBLAX	Vanguard Long Term	Pair Corr
0.95	VBLLX	Vanguard Long Term	Pair Corr
0.95	VBLIX	Vanguard Long Term	Pair Corr
0.99	SLDAX	Siit Long Duration	Pair Corr
0.96	VLTCX	Vanguard Long Term	Pair Corr
0.96	VLCIX	Vanguard Long Term	Pair Corr
0.97	PLRIX	Pimco Long Term	Pair Corr
0.97	PLRPX	Pimco Long Duration	Pair Corr
0.65	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against Sextant Mutual Fund

0.67	HPQ	HP Inc	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	LANIX	SCGCX	ATGAX	LGLSX	PCLCX	PAGLX
LANIX		0.98	0.99	0.98	1.0	1.0	LANIX
SCGCX	0.98		0.97	0.99	0.98	0.98	SCGCX
ATGAX	0.99	0.97		0.96	0.98	0.99	ATGAX
LGLSX	0.98	0.99	0.96		0.98	0.98	LGLSX
PCLCX	1.0	0.98	0.98	0.98		1.0	PCLCX
PAGLX	1.0	0.98	0.99	0.98	1.0		PAGLX
	LANIX	SCGCX	ATGAX	LGLSX	PCLCX	PAGLX

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Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Bond 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 Bond'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LANIX	0.51	0.26	0.03	(1.54)	0.23	(0.62)	1.63	(0.82)	4.08
SCGCX	0.45	0.06	(0.01)	0.30	0.15	(0.54)	1.43	(0.68)	3.48
ATGAX	0.65	0.32	0.10	(2.04)	0.42	(0.78)	1.77	(1.05)	4.44
LGLSX	0.95	0.21	0.18	0.42	0.58	(1.09)	2.88	(1.50)	6.12
PCLCX	0.64	0.29	0.06	(1.41)	0.38	(0.75)	1.96	(0.87)	4.30
PAGLX	0.48	0.25	0.04	(1.94)	0.00	(0.55)	1.54	(0.80)	3.67

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