Sextant International Correlations

Mutual Funds . USA . 
Fund . Sextant International Fund
SSIFX Fund  USD 25.11  0.06  0.24%   
The current 90-days correlation between Sextant International and Sextant Growth Fund is 0.83 (i.e., Very poor diversification). The correlation of Sextant International 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 International Correlation With Market

Poor diversification

The correlation between Sextant International Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant International 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 International 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

  0.99SSGFX Sextant GrowthPairCorr
  0.76STBFX Sextant Short TermPairCorr
  0.98SCORX Sextant E FundPairCorr
  0.94SGHIX Sextant Global HighPairCorr
  0.99SGZFX Sextant GrowthPairCorr
  1.0SIFZX Sextant InternationalPairCorr
  0.99RERFX Europacific GrowthPairCorr
  0.99AEPFX Europacific GrowthPairCorr
  0.98CEUAX Europacific GrowthPairCorr
  0.99CEUCX Europacific GrowthPairCorr
  0.99RERCX Europacific GrowthPairCorr
  0.99REREX Europacific GrowthPairCorr
  0.99RERGX Europacific GrowthPairCorr
  0.98CEUFX Europacific GrowthPairCorr
  0.99CEUEX Europacific GrowthPairCorr
  0.99RERAX Europacific GrowthPairCorr
  0.95ERH Allspring Utilities AndPairCorr
  0.91WHIYX Ivy High IncomePairCorr
  0.92IVHIX Ivy High IncomePairCorr
  0.91IHIFX Ivy High IncomePairCorr
  0.91WRHIX Ivy High IncomePairCorr
  0.91WHIAX Ivy High IncomePairCorr
  0.85CSJZX Cohen Steers RealtyPairCorr
  0.85CSRSX Cohen Steers RealtyPairCorr
  0.99BGETX Baillie Gifford EafePairCorr
  0.97NSGAX Columbia Select LargePairCorr
  0.96RFRAX Columbia Floating RatePairCorr
  0.97ESCIX Ashmore Emerging MarketsPairCorr
  0.98ILGJX Columbia Integrated LargePairCorr
  0.89AICYX California MunicipalPairCorr
  0.99PGRCX Dreyfus Worldwide GrowthPairCorr
  0.98CMJIX Calvert Mid CapPairCorr
  0.96NSEPX Columbia Select LargePairCorr
  0.61MBORX Madison FundsPairCorr
  0.97PCWPX Strategic Asset ManaPairCorr
  0.9HHMIX The Hartford MunicipalPairCorr
  0.99TEMIX Franklin Mutual EuropeanPairCorr
  0.91TRZYX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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