Seafarer Overseas Correlations

SFVRX Etf

16.10 0.12 0.75%

The current 90-days correlation between Seafarer Overseas Value and Seafarer Overseas Gr is 0.61 (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

Significant diversification

The correlation between Seafarer Overseas Value and DJI is 0.07 (i.e., Significant 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.

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 Value. 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

0.98	SFGIX	Seafarer Overseas Growth	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.99	SFVLX	Seafarer Overseas Value	Pair Corr
0.98	SIGIX	Seafarer Overseas Growth	Pair Corr
1.0	SIVLX	Seafarer Overseas Value	Pair Corr
0.98	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.97	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.97	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
0.97	ESGE	iShares ESG Aware	Pair Corr
0.98	DGS	WisdomTree Emerging	Pair Corr
0.98	XSOE	WisdomTree Emerging	Pair Corr
0.98	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.98	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.98	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.98	VUG	Vanguard Growth Index	Pair Corr
0.98	VO	Vanguard Mid Cap	Pair Corr
0.97	VEA	Vanguard FTSE Developed	Pair Corr
0.97	VB	Vanguard Small Cap	Pair Corr
0.93	BITO	ProShares Bitcoin	Pair Corr
0.96	QULL	ETRACS 2x Leveraged	Pair Corr
0.97	RFEM	First Trust RiverFront	Pair Corr
0.98	LGRO	Level Four Large	Pair Corr
0.97	PFM	Invesco Dividend Ach	Pair Corr
0.98	TIME	Tidal Trust II	Pair Corr
0.98	SCHX	Schwab Large Cap Sell-off Trend	Pair Corr
0.97	IWS	iShares Russell Mid	Pair Corr
0.96	USD	ProShares Ultra Semi	Pair Corr
0.97	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.98	DFUS	Dimensional Equity ETF	Pair Corr
0.83	FLJP	Franklin FTSE Japan	Pair Corr
0.91	FTRI	First Trust Indxx	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		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	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.08	CRM

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	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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