Seafarer Overseas Correlations

Mutual Funds USA . 
Fund . Seafarer Overseas Value
SFVLX Fund  USD 15.89  0.01  0.06%   
The current 90-days correlation between Seafarer Overseas Value and Vanguard Emerging Markets is 0.69 (i.e., 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

Very weak diversification

The correlation between Seafarer Overseas Value and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Value 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 Seafarer Overseas Value. 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 bureau of economic analysis.

Moving together with Seafarer Mutual Fund

  0.99SFGIX Seafarer Overseas GrowthPairCorr
  0.99SFGRX Seafarer OverseasPairCorr
  1.0SFVRX Seafarer Overseas ValuePairCorr
  0.99SIGIX Seafarer Overseas GrowthPairCorr
  1.0SIVLX Seafarer Overseas ValuePairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.93PPILX Deutsche Short DurationPairCorr
  0.97AMFCX American MutualPairCorr
  0.8PFRSX Real Estate SecuritiesPairCorr
  0.97CYYYX Columbia ThermostatPairCorr
  0.9KAMIX Kensington Managed IncomePairCorr
  0.89RPEIX T Rowe PricePairCorr
  0.99URFRX Target Retirement 2040PairCorr
  0.99FSTBX Federated Global AllPairCorr
  0.89MLXIX Catalyst Mlp InfrastPairCorr
  0.79FPHAX Pharmaceuticals PortfolioPairCorr
  0.8TGRKX Tiaa Cref GreenPairCorr
  0.98JFQUX Jpmorgan InvestorPairCorr
  0.99NWASX Nationwide DestinationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Seafarer Mutual Fund performing well and Seafarer Overseas 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VEMAX  0.63  0.16  0.06  0.56  0.22 
(0.72)
 2.32 
(1.06)
 5.50 
VEIEX  0.64  0.16  0.06  0.55  0.25 
(0.72)
 2.32 
(1.08)
 5.56 
VEMIX  0.63  0.16  0.06  0.56  0.23 
(0.72)
 2.32 
(1.08)
 5.51 
VEMRX  0.63  0.16  0.06  0.56  0.24 
(0.72)
 2.32 
(1.06)
 5.53 
FWWNX  0.62  0.19  0.15  0.54  0.00 
(0.72)
 1.94 
(1.02)
 6.70 
FNFWX  0.62  0.19  0.15  0.54  0.00 
(0.72)
 1.94 
(1.00)
 6.68 
NEWFX  0.62  0.19  0.15  0.54  0.00 
(0.72)
 1.94 
(1.01)
 6.70 
NWFFX  0.62  0.19  0.15  0.54  0.00 
(0.72)
 1.94 
(1.01)
 6.69 
NEWCX  0.61  0.19  0.14  0.54  0.00 
(0.71)
 1.93 
(1.02)
 6.69 
ODVYX  0.70  0.13  0.04  0.46  0.46 
(0.80)
 2.35 
(1.42)
 6.79 

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