Sextant Growth Correlations

Mutual Funds USA . 
Fund . Sextant Growth Fund
SGZFX Fund  USD 60.47  0.33  0.55%   
The current 90-days correlation between Sextant Growth and Thrivent Natural Resources is -0.08 (i.e., Good diversification). The correlation of Sextant Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Sextant Growth Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Growth 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 Growth 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 census.

Moving together with Sextant Mutual Fund

  1.0SSGFX Sextant GrowthPairCorr
  0.99SSIFX Sextant InternationalPairCorr
  0.78STBFX Sextant Short TermPairCorr
  0.99SCORX Sextant E FundPairCorr
  0.95SGHIX Sextant Global HighPairCorr
  0.99SIFZX Sextant InternationalPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.95PCF Putnam High IncomePairCorr
  0.97COIIX Calvert InternationalPairCorr
  0.99MMDGX Massmutual SelectPairCorr
  0.97PYCGX Pioneer Mid CapPairCorr
  0.98MHOAX Mfs Global HighPairCorr
  0.72MXEYX Great West CorePairCorr
  0.99FHARX Fidelity Freedom BlendPairCorr
  0.88MRBPX Blackrock Bal CapPairCorr
  0.99SSAQX State Street CorePairCorr
  0.99PHJUX Principal Lifetime HybridPairCorr
  0.98LYRNX Lyrical InternationalPairCorr
  0.99JOBEX Jpmorgan Smartretirement*PairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.99CPEAX Catalyst Dynamic AlphaPairCorr
  0.99LGRRX Loomis Sayles GrowthPairCorr

Moving against Sextant Mutual Fund

  0.62XNBHX Neuberger Berman IntPairCorr
  0.55XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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