Sextant Global Correlations

SGHIX Fund  USD 10.89  0.02  0.18%   
The current 90-days correlation between Sextant Global High and Calvert Conservative Allocation is 0.09 (i.e., Significant diversification). The correlation of Sextant Global 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 Global Correlation With Market

Weak diversification

The correlation between Sextant Global High and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Global High 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 Global High. 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 Sextant Mutual Fund

  0.69SSIFX Sextant InternationalPairCorr
  0.78SBIFX Sextant Bond IncomePairCorr
  0.72STBFX Sextant Short TermPairCorr
  0.7SIFZX Sextant InternationalPairCorr
  0.88RIRAX Capital Income BuilderPairCorr
  0.89RIREX Capital Income BuilderPairCorr
  0.82RIRCX Capital Income BuilderPairCorr
  0.83RIRFX Capital Income BuilderPairCorr
  0.82CIRCX Capital Income BuilderPairCorr
  0.89CIREX Capital Income BuilderPairCorr
  0.88RIRBX Capital Income BuilderPairCorr
  0.83CAIFX Capital Income BuilderPairCorr
  0.83CIRFX Capital Income BuilderPairCorr
  0.83CIRAX Capital Income BuilderPairCorr
  0.8PFN Pimco Income StrategyPairCorr
  0.62CIF Mfs Intermediate HighPairCorr
  0.67NXJ Nuveen New JerseyPairCorr
  0.73XPPRX Voya Prime RatePairCorr
  0.95PCF Putnam High IncomePairCorr
  0.86RTEHX American High IncomePairCorr
  0.9RBNCX Robinson OpportunisticPairCorr
  0.74DILYX Davis InternationalPairCorr
  0.89AQRRX Aqr Risk ParityPairCorr
  0.94DFIVX Dfa International ValuePairCorr
  0.73VRSAX Voya Retirement SolutionPairCorr
  0.71MIXAX Mainstay Indexed BondPairCorr
  0.88THQ Tekla Healthcare OppPairCorr
  0.78AHYMX Alpine High YieldPairCorr
  0.95TIIEX Tiaa Cref InternationalPairCorr
  0.7BZFAX Ohio Variable CollegePairCorr
  0.86FDWGX American Funds DevelopingPairCorr

Moving against Sextant Mutual Fund

  0.46RRPSX Rising Rates OpportunityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sextant Mutual Fund performing well and Sextant Global 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 Global'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.