Segall Bryant Correlations

Mutual Funds USA . 
Fund . Segall Bryant Hamill
SBHCX Fund  USD 11.60  0.09  0.77%   
The current 90-days correlation between Segall Bryant Hamill and Deutsche Health And is 0.56 (i.e., Very weak 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

Poor diversification

The correlation between Segall Bryant Hamill and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Segall Bryant Hamill 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 Segall Bryant Hamill. 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 main economic indicators.

Moving together with Segall Mutual Fund

  1.0SBASX Segall Bryant HamillPairCorr
  0.98SBHAX Segall Bryant HamillPairCorr
  0.98SBHVX Segall Bryant HamillPairCorr
  0.98SBRVX Segall Bryant HamillPairCorr
  0.98SBRAX Segall Bryant HamillPairCorr
  0.92WTMVX Westcore Global LargePairCorr
  0.98WTSGX Westcore Small CapPairCorr
  0.92WIMVX Westcore Global LargePairCorr
  0.98WISGX Westcore Small CapPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.91VEXPX Vanguard ExplorerPairCorr
  0.91VEXRX Vanguard ExplorerPairCorr
  0.96JGMIX Janus TritonPairCorr
  0.96JGMRX Janus TritonPairCorr
  0.96JGMAX Janus TritonPairCorr
  0.97JGMCX Janus TritonPairCorr
  0.96JGMNX Janus TritonPairCorr

Moving against Segall Mutual Fund

  0.7SBHPX Segall Bryant HamillPairCorr
  0.7SBSIX Segall Bryant HamillPairCorr
  0.69SBAPX Segall Bryant HamillPairCorr
  0.69SBHSX Segall Bryant HamillPairCorr
  0.65WTIBX Westcore Plus BondPairCorr
  0.56WTTAX Westcore MunicipalPairCorr
  0.47WTCOX Westcore Orado TaxPairCorr
  0.44WTLTX Westcore Flexible IncomePairCorr
  0.35SBEMX Segall Bryant HamillPairCorr
  0.35SBHEX Segall Bryant HamillPairCorr
  0.7CIEQX Segall Bryant HamllPairCorr
  0.7CIQRX Segall Bryant HamllPairCorr
  0.65WIIBX Westcore Plus BondPairCorr
  0.6WITAX Westcore MunicipalPairCorr
  0.46WICOX Westcore Orado TaxPairCorr
  0.43WILTX Westcore Flexible IncomePairCorr
  0.75CIHCX Cullen International HighPairCorr
  0.71USGDX Morgan Stanley GovernmentPairCorr
  0.67HRBDX Harbor Bond FundPairCorr
  0.67ABNOX Ab Bond InflationPairCorr
  0.66ARBOX Absolute ConvertiblePairCorr
  0.64EMBAX Unconstrained EmergingPairCorr

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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