Segall Bryant Correlations

SBSIX Fund

USD 11.77 0.01 0.08%

The current 90-days correlation between Segall Bryant Hamill and Ffcdax is 0.46 (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 0.6 (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 gross domestic product.

Moving together with Segall Mutual Fund

0.93	SBAPX	Segall Bryant Hamill	Pair Corr
0.85	SBEMX	Segall Bryant Hamill	Pair Corr
0.85	SBHEX	Segall Bryant Hamill	Pair Corr
0.92	SBHPX	Segall Bryant Hamill	Pair Corr
1.0	SBHSX	Segall Bryant Hamill	Pair Corr
0.76	WTCOX	Westcore Orado Tax	Pair Corr
0.89	WTIBX	Westcore Plus Bond	Pair Corr
0.87	WTLTX	Westcore Flexible Income	Pair Corr
0.85	WTTAX	Westcore Municipal	Pair Corr
0.99	CIEQX	Segall Bryant Hamll	Pair Corr
0.73	CIQRX	Segall Bryant Hamll	Pair Corr
0.78	WICOX	Westcore Orado Tax	Pair Corr
0.9	WIIBX	Westcore Plus Bond	Pair Corr
0.87	WILTX	Westcore Flexible Income	Pair Corr
0.85	WITAX	Westcore Municipal	Pair Corr
0.99	DISVX	Dfa International Small	Pair Corr
0.98	DFVQX	Dfa International Vector	Pair Corr
0.99	FMNEX	Free Market International	Pair Corr
0.98	OANEX	Oakmark International	Pair Corr
0.93	KGGIX	Kopernik Global All	Pair Corr
0.93	KGGAX	Kopernik Global All	Pair Corr
0.98	OAZEX	Oakmark International	Pair Corr
0.98	OAYEX	Oakmark International	Pair Corr
0.98	OAKEX	Oakmark International	Pair Corr

Moving against Segall Mutual Fund

0.77	WTSGX	Westcore Small Cap	Pair Corr
0.7	SBASX	Segall Bryant Hamill	Pair Corr
0.7	SBHCX	Segall Bryant Hamill	Pair Corr
0.64	SBHAX	Segall Bryant Hamill	Pair Corr
0.64	SBRAX	Segall Bryant Hamill	Pair Corr
0.61	SBHVX	Segall Bryant Hamill	Pair Corr
0.61	SBRVX	Segall Bryant Hamill	Pair Corr
0.41	WTMVX	Westcore Global Large	Pair Corr
0.79	TCSUX	Cleartrack 2020 Class	Pair Corr
0.77	WISGX	Westcore Small Cap	Pair Corr
0.77	TCTGX	Transamerica Cleartrack	Pair Corr
0.77	TCTJX	Transamerica Cleartrack	Pair Corr
0.76	TDKTX	Cleartrack 2015 Class	Pair Corr
0.41	WIMVX	Westcore Global Large	Pair Corr

Related Correlations Analysis

	FFCDAX	FSULTX	RTIUX	FLAKQX	FZNOPX
FFCDAX		0.39	0.23	0.68	0.42	FFCDAX
FSULTX	0.39		0.52	0.17	-0.37	FSULTX
RTIUX	0.23	0.52		0.33	-0.06	RTIUX
FLAKQX	0.68	0.17	0.33		0.55	FLAKQX
FZNOPX	0.42	-0.37	-0.06	0.55		FZNOPX
	FFCDAX	FSULTX	RTIUX	FLAKQX	FZNOPX

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

FLAKQX	+ 0.68	FFCDAX
FZNOPX	+ 0.55	FLAKQX
RTIUX	+ 0.52	FSULTX
FZNOPX	+ 0.42	FFCDAX
FSULTX	+ 0.39	FFCDAX
FLAKQX	+ 0.33	RTIUX

High negative correlations

FZNOPX	- 0.37	FSULTX
FZNOPX	- 0.06	RTIUX

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
FFCDAX	0.12	0.00	0.00	(0.12)	0.00	0.00	0.21	(0.41)	1.14
FSULTX	0.28	0.02	0.21	0.54	0.33	(0.30)	0.61	(0.51)	1.75
RTIUX	0.61	0.10	0.16	0.14	0.76	(0.66)	1.47	(1.45)	5.02
FLAKQX	0.83	0.04	0.05	(0.01)	1.12	(0.93)	1.75	(2.40)	4.80
FZNOPX	0.75	0.02	0.00	(0.03)	0.00	0.00	1.55	(1.63)	3.75

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