Seafarer Overseas Correlations

Mutual Funds . USA . 
Fund . Seafarer Overseas Value
SFVLX Fund  USD 13.78  0.02  0.15%   
The current 90-days correlation between Seafarer Overseas Value and Ep Emerging Markets is 0.74 (i.e., Poor 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 Value and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seafarer Overseas Value 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 Value. 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 bureau of economic analysis.

Moving together with Seafarer Mutual Fund

  0.71SFGIX Seafarer Overseas GrowthPairCorr
  0.71SFGRX Seafarer OverseasPairCorr
  0.96SFVRX Seafarer Overseas ValuePairCorr
  0.88SIGIX Seafarer Overseas GrowthPairCorr
  0.96SIVLX Seafarer Overseas ValuePairCorr
  0.75VEMAX Vanguard Emerging MarketsPairCorr
  0.75VEIEX Vanguard Emerging MarketsPairCorr
  0.75VEMIX Vanguard Emerging MarketsPairCorr
  0.91VEMRX Vanguard Emerging MarketsPairCorr
  0.7FWWNX American Funds NewPairCorr
  0.7FNFWX American Funds NewPairCorr
  0.7ODVYX Oppenheimer DevelopingPairCorr
  0.69GAAVX Gmo Alternative AlloPairCorr
  0.76GABFX Gmo Asset AllocationPairCorr
  0.61GHVIX Gmo High YieldPairCorr
  0.8TYEFX American Funds TaxPairCorr
  0.7DODWX Dodge Global StockPairCorr
  0.86MGICX Mfs International ValuePairCorr
  0.85PTRGX Putman Absolute ReturnPairCorr
  0.74JEEIX John Hancock EnduringPairCorr
  0.86PEGPX Pimco Esg IncomePairCorr
  0.68SSTHX Wells Fargo ShortPairCorr
  0.83RBCRX Rbc Bluebay AbsolutePairCorr
  0.86DVRCX Mfs Global AlternativePairCorr
  0.62FAEDX FaedxPairCorr
  0.75IOEBX IoebxPairCorr
  0.85FBAHX Fidelity Advisor TacticalPairCorr
  0.77HWDYX Hartford WorldPairCorr

Moving against Seafarer Mutual Fund

  0.58GCAVX Gmo Small CapPairCorr
  0.52GMCQX Gmo Equity AllocationPairCorr

Related Correlations Analysis

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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.

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