Seafarer Overseas Correlations

SFGIX Fund

USD 12.27 0.01 0.08%

The current 90-days correlation between Seafarer Overseas Growth and Transamerica International Small is 0.02 (i.e., Significant diversification). The correlation of Seafarer Overseas 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.

Seafarer Overseas Correlation With Market

Good diversification

The correlation between Seafarer Overseas Growth and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Growth 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 Seafarer Overseas Growth. 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 Seafarer Mutual Fund

1.0	SFGRX	Seafarer Overseas	Pair Corr
0.89	SFVLX	Seafarer Overseas Value	Pair Corr
0.93	SIGIX	Seafarer Overseas Growth	Pair Corr
0.69	SIVLX	Seafarer Overseas Value	Pair Corr
0.86	VEMAX	Vanguard Emerging Markets	Pair Corr
0.86	VEIEX	Vanguard Emerging Markets	Pair Corr
0.86	VEMIX	Vanguard Emerging Markets	Pair Corr
0.87	VEMRX	Vanguard Emerging Markets	Pair Corr
0.81	FWWNX	American Funds New	Pair Corr
0.81	FNFWX	American Funds New	Pair Corr
0.85	NEWFX	New World Fund	Pair Corr
0.81	NWFFX	New World Fund	Pair Corr
0.79	NEWCX	New World Fund	Pair Corr
0.85	ODVYX	Oppenheimer Developing	Pair Corr
0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.61	AHHYX	Invesco High Yield	Pair Corr
0.76	FCBCX	Nuveen Strategic Income	Pair Corr
0.81	GSRUX	Goldman Sachs Inflation	Pair Corr
0.88	JIGRX	Janus Overseas	Pair Corr
0.86	TNURX	1290 Unconstrained Bond	Pair Corr
0.84	REGAX	American Funds Emerging	Pair Corr
0.76	HOSGX	Short Term Government	Pair Corr
0.77	RWDYX	Redwood Managed Vola	Pair Corr
0.83	BNUEX	Ubs International	Pair Corr
0.97	FCEEX	Franklin Fund Allocator	Pair Corr
0.8	CTIVX	Columbia Strategic Income	Pair Corr

Related Correlations Analysis

	TISVX	DFUKX	CIPNX	TVOYX	LMBMX	QLMSTX	HSCVX	MSSGX
TISVX		0.71	-0.45	-0.43	-0.57	-0.36	-0.47	-0.5	TISVX
DFUKX	0.71		-0.11	-0.21	-0.26	-0.17	-0.2	-0.16	DFUKX
CIPNX	-0.45	-0.11		0.92	0.92	0.88	0.93	0.9	CIPNX
TVOYX	-0.43	-0.21	0.92		0.96	0.97	0.99	0.89	TVOYX
LMBMX	-0.57	-0.26	0.92	0.96		0.95	0.97	0.96	LMBMX
QLMSTX	-0.36	-0.17	0.88	0.97	0.95		0.95	0.9	QLMSTX
HSCVX	-0.47	-0.2	0.93	0.99	0.97	0.95		0.91	HSCVX
MSSGX	-0.5	-0.16	0.9	0.89	0.96	0.9	0.91		MSSGX
	TISVX	DFUKX	CIPNX	TVOYX	LMBMX	QLMSTX	HSCVX	MSSGX

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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

HSCVX	+ 0.99	TVOYX
QLMSTX	+ 0.97	TVOYX
HSCVX	+ 0.97	LMBMX
LMBMX	+ 0.96	TVOYX
MSSGX	+ 0.96	LMBMX
QLMSTX	+ 0.95	LMBMX

High negative correlations

LMBMX	- 0.57	TISVX
MSSGX	- 0.5	TISVX
HSCVX	- 0.47	TISVX
CIPNX	- 0.45	TISVX
TVOYX	- 0.43	TISVX
QLMSTX	- 0.36	TISVX

Risk-Adjusted Indicators

There is a big difference between Seafarer Mutual Fund performing well and Seafarer Overseas 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 Seafarer Overseas' 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
TISVX	0.79	0.10	0.06	0.14	1.23	(0.77)	1.99	(1.65)	9.81
DFUKX	0.80	(0.03)	0.00	0.10	0.00	0.00	1.96	(2.04)	6.05
CIPNX	1.01	(0.23)	0.00	(0.21)	0.00	0.00	1.52	(2.00)	10.86
TVOYX	0.86	(0.11)	0.00	(0.10)	0.00	0.00	1.52	(1.95)	4.01
LMBMX	1.02	(0.15)	0.00	(0.13)	0.00	0.00	2.03	(2.43)	5.60
QLMSTX	1.04	(0.12)	0.00	(0.10)	0.00	0.00	1.75	(2.77)	5.65
HSCVX	0.81	(0.10)	0.00	(0.11)	0.00	0.00	1.45	(1.78)	3.38
MSSGX	1.80	(0.18)	0.00	(0.11)	0.00	0.00	3.81	(3.91)	9.53

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