Sextant Global Correlations

SGHIX Fund

USD 11.02 0.01 0.09%

The current 90-days correlation between Sextant Global High and Us Government Securities is -0.14 (i.e., Good 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

Average diversification

The correlation between Sextant Global High and DJI is 0.11 (i.e., Average 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

0.94	RIRAX	Capital Income Builder	Pair Corr
0.94	RIREX	Capital Income Builder	Pair Corr
0.94	RIRCX	Capital Income Builder	Pair Corr
0.94	RIRFX	Capital Income Builder	Pair Corr
0.82	CIRCX	Capital Income Builder	Pair Corr
0.94	CIREX	Capital Income Builder	Pair Corr
0.94	RIRBX	Capital Income Builder	Pair Corr
0.84	CAIFX	Capital Income Builder	Pair Corr
0.94	CIRFX	Capital Income Builder	Pair Corr
0.94	CIRAX	Capital Income Builder	Pair Corr
0.79	VGTSX	Vanguard Total Inter	Pair Corr
0.79	VTIAX	Vanguard Total Inter	Pair Corr
0.64	HTD	John Hancock Tax	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.65	IBM	International Business	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr

Moving against Sextant Mutual Fund

0.32	VTSAX	Vanguard Total Stock	Pair Corr
0.32	VTSMX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.32	VSTSX	Vanguard Total Stock	Pair Corr
0.32	VITSX	Vanguard Total Stock	Pair Corr
0.5	MSFT	Microsoft	Pair Corr
0.49	CAT	Caterpillar	Pair Corr
0.48	AXP	American Express	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.41	BAC	Bank of America	Pair Corr
0.34	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CGTCX	RGVJX	CGTAX	RGVAX	TWAVX	USGDX	USGFX
CGTCX		1.0	1.0	1.0	0.96	0.97	1.0	CGTCX
RGVJX	1.0		1.0	1.0	0.97	0.97	1.0	RGVJX
CGTAX	1.0	1.0		1.0	0.96	0.97	1.0	CGTAX
RGVAX	1.0	1.0	1.0		0.96	0.97	1.0	RGVAX
TWAVX	0.96	0.97	0.96	0.96		0.89	0.97	TWAVX
USGDX	0.97	0.97	0.97	0.97	0.89		0.97	USGDX
USGFX	1.0	1.0	1.0	1.0	0.97	0.97		USGFX
	CGTCX	RGVJX	CGTAX	RGVAX	TWAVX	USGDX	USGFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGTCX	0.25	0.03	0.27	0.53	0.23	(0.29)	0.61	(0.43)	1.56
RGVJX	0.25	0.03	0.28	0.69	0.21	(0.29)	0.60	(0.42)	1.55
CGTAX	0.25	0.03	0.28	0.72	0.21	(0.31)	0.60	(0.42)	1.55
RGVAX	0.25	0.03	0.27	0.65	0.22	(0.31)	0.60	(0.43)	1.56
TWAVX	0.07	0.01	0.53	0.61	0.00	(0.17)	0.22	(0.11)	0.55
USGDX	0.66	0.05	0.13	0.83	0.72	(0.80)	1.45	(1.37)	3.93
USGFX	0.25	0.03	0.30	0.95	0.20	(0.31)	0.51	(0.42)	1.55

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