Segall Bryant Correlations

Mutual Funds . USA . 
Fund . Segall Bryant Hamll
CIEQX Fund   11.58  0.07  0.60%   
The current 90-days correlation between Segall Bryant Hamll and Alpine Ultra Short is -0.23 (i.e., Very good diversification). The correlation of Segall Bryant 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.

Segall Bryant Correlation With Market

Very weak diversification

The correlation between Segall Bryant Hamll and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamll and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Segall Bryant Hamll. 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 producer price index.

Moving together with Segall Mutual Fund

  0.97SBAPX Segall Bryant HamillPairCorr
  0.71SBSIX Segall Bryant HamillPairCorr
  0.72WTIBX Westcore Plus BondPairCorr
  1.0CIQRX Segall Bryant HamllPairCorr
  0.72WILTX Westcore Flexible IncomePairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.74FINVX Fidelity Series IntePairCorr
  0.88VTRIX Vanguard InternationalPairCorr
  0.75RRIGX T Rowe PricePairCorr
  0.73PDI Pimco Dynamic IncomePairCorr
  0.76BIIEX Brandes InternationalPairCorr
  0.61PAOPX T Rowe PricePairCorr
  0.91FMSCX Fidelity Advisor MortgagePairCorr
  0.73MUAIX Ultra Short IncomePairCorr
  0.81FEHRX First Eagle HighPairCorr
  0.72BORCX Collegeadvantage 529PairCorr
  0.93XSWZX Swiss HelvetiaPairCorr
  0.73CCWIX Chautauqua InternationalPairCorr
  0.86RCBDX American Funds PoratePairCorr
  0.73AGVCX Invesco GovernmentPairCorr

Moving against Segall Mutual Fund

  0.79WTSGX Westcore Small CapPairCorr
  0.7SBHCX Segall Bryant HamillPairCorr
  0.65SBRAX Segall Bryant HamillPairCorr
  0.63SBRVX Segall Bryant HamillPairCorr
  0.48SBHVX Segall Bryant HamillPairCorr
  0.32GRHAX Goehring RozencwajgPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Segall Mutual Fund performing well and Segall Bryant 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 Segall Bryant'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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