Sequoia Fund Correlations

SEQUX Fund

USD 184.46 0.26 0.14%

The current 90-days correlation between Sequoia Fund and Longleaf Partners Fund is 0.74 (i.e., Poor diversification). The correlation of Sequoia Fund 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.

Sequoia Fund Correlation With Market

Modest diversification

The correlation between Sequoia Fund Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sequoia Fund Inc 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 Sequoia Fund Inc. 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 employment.

Moving together with Sequoia Mutual Fund

0.63	FFPNX	American Funds New	Pair Corr
0.79	NPFCX	New Perspective	Pair Corr
0.64	ANWPX	New Perspective	Pair Corr
0.64	NPFFX	New Perspective	Pair Corr
0.79	CNPAX	New Perspective	Pair Corr
0.64	CNPEX	New Perspective	Pair Corr
0.63	CNPFX	New Perspective	Pair Corr
0.63	CNPCX	New Perspective	Pair Corr
0.63	RNPAX	New Perspective	Pair Corr
0.88	ASG	Liberty All Star	Pair Corr
0.63	CLM	Cornerstone Strategic	Pair Corr
0.7	CRF	Cornerstone Strategic	Pair Corr
0.85	USA	Liberty All Star	Pair Corr
0.64	ETY	Eaton Vance Tax	Pair Corr
0.78	NFJ	Virtus Dividend Interest	Pair Corr
0.65	FCNTX	Fidelity Contrafund	Pair Corr
0.75	ALMAX	Alger Smidcap Focus	Pair Corr
0.8	THIGX	Thornburg E Growth	Pair Corr
0.62	ADNYX	Amer Beacon Ark	Pair Corr
0.74	VFIAX	Vanguard 500 Index	Pair Corr
0.83	AMGCX	Alger Midcap Growth	Pair Corr
0.87	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.8	PBSIX	Polen Small Pany	Pair Corr
0.84	IRDEX	Cf Ir 3000	Pair Corr
0.74	VFINX	Vanguard 500 Index	Pair Corr
0.78	LMCLX	Miller Income	Pair Corr

Related Correlations Analysis

	LLPFX	FAIRX	YACKX	CFIMX	FPACX
LLPFX		0.57	0.91	0.89	0.88	LLPFX
FAIRX	0.57		0.73	0.38	0.42	FAIRX
YACKX	0.91	0.73		0.88	0.81	YACKX
CFIMX	0.89	0.38	0.88		0.87	CFIMX
FPACX	0.88	0.42	0.81	0.87		FPACX
	LLPFX	FAIRX	YACKX	CFIMX	FPACX

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Risk-Adjusted Indicators

There is a big difference between Sequoia Mutual Fund performing well and Sequoia Fund 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 Sequoia Fund'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LLPFX	0.47	(0.06)	(1.06)	0.86	(0.98)	4.33
FAIRX	0.79	(0.29)	(0.67)	1.35	(1.89)	6.58
YACKX	0.54	(0.18)	(0.58)	0.82	(0.71)	10.78
CFIMX	0.78	(0.07)	(0.32)	1.26	(1.22)	12.91
FPACX	0.46	(0.06)	0.72	0.62	(0.73)	7.56

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Sequoia Fund Correlations

Sequoia Fund Correlation With Market

Modest diversification

Moving together with Sequoia Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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