Seafarer Overseas Correlations

SFGRX Etf

13.56 0.22 1.65%

The current 90-days correlation between Seafarer Overseas and Seafarer Overseas Value is 0.83 (i.e., Very poor diversification). The correlation of Seafarer Overseas 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.

Seafarer Overseas Correlation With Market

Poor diversification

The correlation between Seafarer Overseas Gr and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Gr and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Seafarer Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seafarer Overseas Gr. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Seafarer Etf

1.0	SFGIX	Seafarer Overseas Growth	Pair Corr
0.99	SFVRX	Seafarer Overseas Value	Pair Corr
0.99	SFVLX	Seafarer Overseas Value	Pair Corr
0.8	SIGIX	Seafarer Overseas Growth	Pair Corr
0.99	SIVLX	Seafarer Overseas Value	Pair Corr
0.99	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.63	AMPD	Tidal ETF Services	Pair Corr
0.98	ITDD	iShares Trust	Pair Corr
0.8	TDEC	FT Vest Emerging	Pair Corr
0.97	BBEU	JPMorgan BetaBuilders	Pair Corr
0.97	VXF	Vanguard Extended Market	Pair Corr
0.73	ODCEX	ODCEX	Pair Corr
0.79	LQDW	iShares Trust	Pair Corr
0.78	DRVN	Driven Brands Holdings	Pair Corr
0.99	EPP	iShares MSCI Pacific	Pair Corr
0.95	EMHY	iShares JP Morgan	Pair Corr
0.96	VV	Vanguard Large Cap	Pair Corr
0.8	YETH	Roundhill Ether Covered Low Volatility	Pair Corr
0.76	BUG	Global X Cybersecurity	Pair Corr
0.95	APOC	Innovator Equity Defined	Pair Corr
0.88	UPW	ProShares Ultra Utilities	Pair Corr
0.96	RPG	Invesco SP 500	Pair Corr
0.95	ITA	iShares Aerospace Defense	Pair Corr
0.76	TCAF	T Rowe Price	Pair Corr
0.76	LQDB	iShares BBB Rated	Pair Corr

Moving against Seafarer Etf

0.67

ARKC

ARK 21Shares Active Low Volatility

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.97	0.83	0.84	0.63	0.9	0.52	0.94	-0.11	0.33	META
MSFT	0.97		0.9	0.87	0.63	0.82	0.56	0.95	-0.23	0.22	MSFT
UBER	0.83	0.9		0.9	0.55	0.72	0.77	0.91	-0.29	0.16	UBER
F	0.84	0.87	0.9		0.65	0.83	0.66	0.92	-0.05	0.42	F
T	0.63	0.63	0.55	0.65		0.72	0.31	0.67	0.29	0.45	T
A	0.9	0.82	0.72	0.83	0.72		0.49	0.87	0.19	0.61	A
CRM	0.52	0.56	0.77	0.66	0.31	0.49		0.57	-0.18	0.14	CRM
JPM	0.94	0.95	0.91	0.92	0.67	0.87	0.57		-0.13	0.36	JPM
MRK	-0.11	-0.23	-0.29	-0.05	0.29	0.19	-0.18	-0.13		0.55	MRK
XOM	0.33	0.22	0.16	0.42	0.45	0.61	0.14	0.36	0.55		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.97	META
JPM	+ 0.95	MSFT
JPM	+ 0.94	META
JPM	+ 0.92	F
JPM	+ 0.91	UBER
A	+ 0.9	META

High negative correlations

MRK	- 0.29	UBER
MRK	- 0.23	MSFT
MRK	- 0.18	CRM
MRK	- 0.13	JPM
MRK	- 0.11	META
MRK	- 0.05	F

Seafarer Overseas Competition Risk-Adjusted Indicators

There is a big difference between Seafarer Etf performing well and Seafarer Overseas ETF 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 Seafarer Overseas' 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
META	2.05	0.22	0.10	0.24	2.31	(2.34)	4.23	(3.68)	21.50
MSFT	1.20	0.34	0.23	0.45	0.94	(1.38)	2.40	(2.36)	13.79
UBER	1.97	0.28	0.13	0.31	2.17	(2.32)	5.87	(3.48)	16.18
F	1.69	0.19	0.08	0.31	2.21	(1.80)	3.70	(3.74)	13.07
T	1.18	(0.01)	(0.04)	0.07	1.89	(1.11)	2.36	(2.62)	8.47
A	1.76	(0.05)	(0.01)	0.07	2.46	(1.75)	2.76	(4.15)	14.46
CRM	1.57	(0.08)	(0.03)	0.04	2.26	(1.53)	3.01	(3.64)	13.13
JPM	1.26	0.20	0.09	0.29	1.93	(1.30)	2.75	(1.75)	11.14
MRK	1.58	(0.21)	0.00	(0.17)	0.00	0.00	3.35	(4.58)	10.58
XOM	1.41	(0.14)	0.00	(0.08)	0.00	0.00	2.62	(3.04)	10.53

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