Sextant Core Correlations

Mutual Funds . USA . 
Fund . Sextant E Fund
SCORX Fund  USD 18.95  0.14  0.74%   
The current 90-days correlation between Sextant E Fund and Qs Global Equity is 0.84 (i.e., Very poor diversification). The correlation of Sextant Core 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 Core Correlation With Market

Poor diversification

The correlation between Sextant E Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant E 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 E 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 real.

Moving together with Sextant Mutual Fund

  0.89SSGFX Sextant GrowthPairCorr
  0.95SSIFX Sextant InternationalPairCorr
  0.8SBIFX Sextant Bond IncomePairCorr
  0.75SGZFX Sextant GrowthPairCorr
  0.85SIFZX Sextant InternationalPairCorr
  0.72FBONX American Funds AmericanPairCorr
  0.72FBAFX American Funds AmericanPairCorr
  0.72ABALX American BalancedPairCorr
  0.67BALCX American BalancedPairCorr
  0.72BALFX American BalancedPairCorr
  0.73RLBCX American BalancedPairCorr
  0.73RLBBX American BalancedPairCorr
  0.66CLBAX American BalancedPairCorr
  0.73CLBEX American BalancedPairCorr
  0.72RLBFX American BalancedPairCorr
  0.7ETV Eaton Vance TaxPairCorr
  0.62CLM Cornerstone StrategicPairCorr
  0.7CRF Cornerstone Total ReturnPairCorr
  0.65GMSAX Goldman Sachs ManagedPairCorr
  0.73VAADX Virtus ConvertiblePairCorr
  0.7FAFTX Franklin Federal TaxPairCorr
  0.68SWFCX Sentinel InternationalPairCorr
  0.77FATKX Fidelity Freedom 2020PairCorr
  0.93QALAX Quantified AlternativePairCorr
  0.8JGYAX John Hancock GlobalPairCorr
  0.91RWIFX Capital World GrowthPairCorr
  0.7VQNPX Vanguard Growth AndPairCorr
  0.64USATX Tax Exempt IntermediatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Core 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 Core'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.

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