Sextant Bond Correlations

SBIFX Fund  USD 4.43  0.01  0.23%   
The current 90-days correlation between Sextant Bond Income and T Rowe Price is 0.19 (i.e., Average diversification). The correlation of Sextant Bond 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 Bond Correlation With Market

Average diversification

The correlation between Sextant Bond Income and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Bond Income 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 Bond Income. 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

  0.73STBFX Sextant Short TermPairCorr
  0.84SGHIX Sextant Global HighPairCorr
  0.94VWETX Vanguard Long TermPairCorr
  0.86VWESX Vanguard Long TermPairCorr
  0.87VBLAX Vanguard Long TermPairCorr
  0.96VBLLX Vanguard Long TermPairCorr
  0.96VBLIX Vanguard Long TermPairCorr
  0.87SLDAX Siit Long DurationPairCorr
  0.86VLTCX Vanguard Long TermPairCorr
  0.86VLCIX Vanguard Long TermPairCorr
  0.98PLRIX Pimco Long TermPairCorr
  0.91PLRPX Pimco Long DurationPairCorr
  0.64VTISX Vanguard Total InterPairCorr
  0.64VTSNX Vanguard Total InterPairCorr
  0.64VTPSX Vanguard Total InterPairCorr
  0.61HERRX Hartford Emerging MarketsPairCorr
  0.84HSTRX Hussman Strategic TotalPairCorr
  0.67VEMRX Vanguard Emerging MarketsPairCorr
  0.72PLDSX Pacific Funds ShortPairCorr
  0.68PONAX Pimco IncomePairCorr
  0.68SIHAX Guggenheim High YieldPairCorr
  0.81CHBCX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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