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.
Sextant |
Moving together with Sextant Mutual Fund
| 0.73 | STBFX | Sextant Short Term | PairCorr |
| 0.84 | SGHIX | Sextant Global High | PairCorr |
| 0.94 | VWETX | Vanguard Long Term | PairCorr |
| 0.86 | VWESX | Vanguard Long Term | PairCorr |
| 0.87 | VBLAX | Vanguard Long Term | PairCorr |
| 0.96 | VBLLX | Vanguard Long Term | PairCorr |
| 0.96 | VBLIX | Vanguard Long Term | PairCorr |
| 0.87 | SLDAX | Siit Long Duration | PairCorr |
| 0.86 | VLTCX | Vanguard Long Term | PairCorr |
| 0.86 | VLCIX | Vanguard Long Term | PairCorr |
| 0.98 | PLRIX | Pimco Long Term | PairCorr |
| 0.91 | PLRPX | Pimco Long Duration | PairCorr |
| 0.64 | VTISX | Vanguard Total Inter | PairCorr |
| 0.64 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.64 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.61 | HERRX | Hartford Emerging Markets | PairCorr |
| 0.84 | HSTRX | Hussman Strategic Total | PairCorr |
| 0.67 | VEMRX | Vanguard Emerging Markets | PairCorr |
| 0.72 | PLDSX | Pacific Funds Short | PairCorr |
| 0.68 | PONAX | Pimco Income | PairCorr |
| 0.68 | SIHAX | Guggenheim High Yield | PairCorr |
| 0.81 | CHBCX | Calvert High Yield | PairCorr |
Related Correlations Analysis
| 0.98 | 0.22 | 0.73 | 0.82 | 0.71 | 0.61 | TADGX | ||
| 0.98 | 0.18 | 0.71 | 0.81 | 0.7 | 0.57 | TACLX | ||
| 0.22 | 0.18 | 0.46 | 0.2 | 0.63 | 0.71 | KCGSX | ||
| 0.73 | 0.71 | 0.46 | 0.88 | 0.9 | 0.85 | HBAIX | ||
| 0.82 | 0.81 | 0.2 | 0.88 | 0.76 | 0.65 | DOXGX | ||
| 0.71 | 0.7 | 0.63 | 0.9 | 0.76 | 0.75 | FMTIX | ||
| 0.61 | 0.57 | 0.71 | 0.85 | 0.65 | 0.75 | DFELX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TADGX | 0.54 | (0.02) | 0.00 | (0.09) | 0.00 | 0.93 | 4.39 | |||
| TACLX | 0.56 | (0.01) | 0.00 | (0.08) | 0.00 | 1.10 | 3.38 | |||
| KCGSX | 0.80 | (0.05) | 0.00 | 0.10 | 0.00 | 1.50 | 5.19 | |||
| HBAIX | 0.38 | 0.03 | 0.10 | 0.01 | 0.57 | 0.76 | 2.53 | |||
| DOXGX | 0.50 | 0.04 | 0.08 | 0.00 | 0.75 | 1.27 | 3.03 | |||
| FMTIX | 0.38 | (0.01) | 0.09 | 0.02 | 0.58 | 0.70 | 2.55 | |||
| DFELX | 0.65 | 0.00 | 0.00 | (0.06) | 0.00 | 1.21 | 3.77 |