Sextant E Correlations

SCORX Fund

USD 17.52 0.08 0.46%

The current 90-days correlation between Sextant E Fund and Sextant Growth Fund is 0.8 (i.e., Very poor diversification). The correlation of Sextant E 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 E Correlation With Market

Poor diversification

The correlation between Sextant E Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant E Fund 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 E Fund. 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 metropolitan statistical area.

Moving together with Sextant Mutual Fund

0.7	SSGFX	Sextant Growth	Pair Corr
0.8	FBONX	American Funds American	Pair Corr
0.8	FBAFX	American Funds American	Pair Corr
0.87	ABALX	American Balanced	Pair Corr
0.81	BALCX	American Balanced	Pair Corr
0.87	BALFX	American Balanced	Pair Corr
0.88	RLBCX	American Balanced	Pair Corr
0.88	RLBBX	American Balanced	Pair Corr
0.87	CLBAX	American Balanced	Pair Corr
0.88	CLBEX	American Balanced	Pair Corr
0.8	RLBFX	American Balanced	Pair Corr
0.64	PFN	Pimco Income Strategy	Pair Corr
0.73	CIF	Mfs Intermediate High	Pair Corr
0.72	PRWAX	T Rowe Price	Pair Corr
0.67	GAB	Gabelli Equity Trust	Pair Corr
0.92	UCAGX	Cornerstone Aggressive	Pair Corr
0.91	TRFHX	T Rowe Price	Pair Corr
0.81	NSBFX	Nuveen Santa Barbara	Pair Corr
0.69	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.86	TAIAX	American Funds Tax	Pair Corr
0.63	VIGIX	Vanguard Growth Index	Pair Corr
0.83	MDCPX	Blackrock Bal Cap	Pair Corr

Related Correlations Analysis

	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX
SSGFX		-0.32	-0.58	-0.13	0.7	-0.28	0.9	-0.31	SSGFX
SSIFX	-0.32		0.68	0.52	0.34	0.8	-0.39	0.92	SSIFX
SBIFX	-0.58	0.68		0.78	-0.04	0.51	-0.61	0.62	SBIFX
STBFX	-0.13	0.52	0.78		0.31	0.46	-0.14	0.5	STBFX
SCORX	0.7	0.34	-0.04	0.31		0.37	0.6	0.29	SCORX
SGHIX	-0.28	0.8	0.51	0.46	0.37		-0.24	0.85	SGHIX
SGZFX	0.9	-0.39	-0.61	-0.14	0.6	-0.24		-0.3	SGZFX
SIFZX	-0.31	0.92	0.62	0.5	0.29	0.85	-0.3		SIFZX
	SSGFX	SSIFX	SBIFX	STBFX	SCORX	SGHIX	SGZFX	SIFZX

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

SIFZX	+ 0.92	SSIFX
SGZFX	+ 0.9	SSGFX
SIFZX	+ 0.85	SGHIX
SGHIX	+ 0.8	SSIFX
STBFX	+ 0.78	SBIFX
SCORX	+ 0.7	SSGFX

High negative correlations

SGZFX	- 0.61	SBIFX
SBIFX	- 0.58	SSGFX
SGZFX	- 0.39	SSIFX
SSIFX	- 0.32	SSGFX
SIFZX	- 0.31	SSGFX
SIFZX	- 0.3	SGZFX

Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant E 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 E'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
SSGFX	0.61	0.10	0.07	0.25	0.61	(0.66)	1.48	(1.21)	4.76
SSIFX	0.67	(0.05)	(0.10)	0.03	0.85	(0.70)	1.25	(1.43)	4.38
SBIFX	0.29	(0.05)	0.00	3.62	0.00	0.00	0.46	(0.68)	1.60
STBFX	0.06	(0.01)	(0.58)	(0.50)	0.09	(0.20)	0.20	(0.20)	0.40
SCORX	0.30	0.01	(0.19)	0.14	0.26	(0.33)	0.58	(0.52)	1.74
SGHIX	0.35	(0.01)	(0.24)	(0.06)	0.42	(0.39)	0.73	(0.72)	2.09
SGZFX	0.62	0.17	0.09	0.91	0.60	(0.67)	1.48	(1.21)	4.75
SIFZX	0.66	(0.01)	(0.13)	0.01	0.86	(0.67)	1.24	(1.42)	4.40

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