Sextant Growth Correlations

Mutual Funds . USA . 
Fund . Sextant Growth Fund
SSGFX Fund  USD 59.87  0.25  0.42%   
The current 90-days correlation between Sextant Growth and Sextant International Fund is 0.83 (i.e., Very poor 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

Good diversification

The correlation between Sextant Growth Fund and DJI is -0.08 (i.e., Good 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

  0.99SSIFX Sextant InternationalPairCorr
  0.78STBFX Sextant Short TermPairCorr
  0.99SCORX Sextant E FundPairCorr
  0.95SGHIX Sextant Global HighPairCorr
  1.0SGZFX Sextant GrowthPairCorr
  0.99SIFZX Sextant InternationalPairCorr
  0.62FAFGX American FundsPairCorr
  0.62FFAFX American FundsPairCorr
  0.62CGFFX Growth FundPairCorr
  0.62RGAEX Growth FundPairCorr
  0.95IIFSX Vy Franklin IncomePairCorr
  0.62MFLDX Marketfield Fund MarPairCorr
  0.72GLPSX Goldman Sachs MlpPairCorr
  0.98FMSRX Frontier Mfg GlobalPairCorr
  0.9RYIFX Guggenheim ManagedPairCorr
  0.98MKDCX Blackrock EmergingPairCorr
  0.87PFRMX Pimco Inflation ResponsePairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr

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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