Segall Bryant Correlations

SBRVX Fund

USD 14.18 0.31 2.24%

The current 90-days correlation between Segall Bryant Hamill and Alphacentric Lifesci Healthcare is 0.55 (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 0.71 (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 real.

Moving together with Segall Mutual Fund

0.98	SBASX	Segall Bryant Hamill	Pair Corr
0.96	SBHAX	Segall Bryant Hamill	Pair Corr
0.98	SBHCX	Segall Bryant Hamill	Pair Corr
1.0	SBHVX	Segall Bryant Hamill	Pair Corr
0.96	SBRAX	Segall Bryant Hamill	Pair Corr
0.93	WTMVX	Westcore Global Large	Pair Corr
0.96	WTSGX	Westcore Small Cap	Pair Corr
0.93	WIMVX	Westcore Global Large	Pair Corr
0.96	WISGX	Westcore Small Cap	Pair Corr
0.99	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VSCIX	Vanguard Small Cap	Pair Corr
0.99	VSCPX	Vanguard Small Cap	Pair Corr
0.99	NAESX	Vanguard Small Cap	Pair Corr
0.98	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.98	PASVX	T Rowe Price	Pair Corr
0.98	PRVIX	T Rowe Price	Pair Corr
0.98	TRZVX	T Rowe Price	Pair Corr
0.98	PRSVX	T Rowe Price	Pair Corr
0.83	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Segall Mutual Fund

0.65	SBHPX	Segall Bryant Hamill	Pair Corr
0.64	SBAPX	Segall Bryant Hamill	Pair Corr
0.63	CIEQX	Segall Bryant Hamll	Pair Corr
0.63	CIQRX	Segall Bryant Hamll	Pair Corr
0.61	SBHSX	Segall Bryant Hamill	Pair Corr
0.61	SBSIX	Segall Bryant Hamill	Pair Corr
0.59	WTIBX	Westcore Plus Bond	Pair Corr
0.59	WIIBX	Westcore Plus Bond	Pair Corr
0.49	WTTAX	Westcore Municipal	Pair Corr
0.39	WTCOX	Westcore Orado Tax	Pair Corr
0.38	WICOX	Westcore Orado Tax	Pair Corr
0.37	WTLTX	Westcore Flexible Income	Pair Corr
0.84	GAAKX	Gmo Alternative Allo	Pair Corr
0.84	GAAGX	Gmo Alternative Allo	Pair Corr
0.65	GPBFX	Gmo E Plus	Pair Corr
0.53	WITAX	Westcore Municipal	Pair Corr
0.36	WILTX	Westcore Flexible Income	Pair Corr

Related Correlations Analysis

	LYFAX	PJHRX	BGHDX	PGHAX	HGHYX	XHQHX	LYFCX
LYFAX		-0.01	-0.08	0.86	0.85	0.62	1.0	LYFAX
PJHRX	-0.01		0.52	0.23	0.16	0.29	0.01	PJHRX
BGHDX	-0.08	0.52		0.11	-0.02	0.0	-0.07	BGHDX
PGHAX	0.86	0.23	0.11		0.59	0.38	0.86	PGHAX
HGHYX	0.85	0.16	-0.02	0.59		0.88	0.86	HGHYX
XHQHX	0.62	0.29	0.0	0.38	0.88		0.63	XHQHX
LYFCX	1.0	0.01	-0.07	0.86	0.86	0.63		LYFCX
	LYFAX	PJHRX	BGHDX	PGHAX	HGHYX	XHQHX	LYFCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LYFCX	+ 1.0	LYFAX
XHQHX	+ 0.88	HGHYX
PGHAX	+ 0.86	LYFAX
LYFCX	+ 0.86	PGHAX
LYFCX	+ 0.86	HGHYX
HGHYX	+ 0.85	LYFAX

High negative correlations

BGHDX	- 0.08	LYFAX
LYFCX	- 0.07	BGHDX
HGHYX	- 0.02	BGHDX
PJHRX	- 0.01	LYFAX
XHQHX	- 0.0	BGHDX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LYFAX	0.61	0.05	0.11	0.03	0.71	(0.63)	1.22	(1.18)	3.27
PJHRX	1.07	(0.19)	0.00	(0.41)	0.00	0.00	1.79	(2.06)	14.08
BGHDX	0.02	(0.02)	0.00	(1.44)	0.00	0.00	0.00	0.00	0.35
PGHAX	0.65	0.02	0.00	(0.03)	0.00	0.00	1.33	(1.10)	4.12
HGHYX	0.69	0.02	0.00	(0.03)	0.00	0.00	1.41	(1.25)	4.37
XHQHX	0.87	0.01	0.00	(0.06)	0.00	0.00	1.68	(1.75)	5.93
LYFCX	0.59	0.04	0.10	0.02	0.71	(0.61)	1.17	(1.20)	3.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC