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

0.69	SSIFX	Sextant International	Pair Corr
0.78	SBIFX	Sextant Bond Income	Pair Corr
0.72	STBFX	Sextant Short Term	Pair Corr
0.7	SIFZX	Sextant International	Pair Corr
0.88	RIRAX	Capital Income Builder	Pair Corr
0.89	RIREX	Capital Income Builder	Pair Corr
0.82	RIRCX	Capital Income Builder	Pair Corr
0.83	RIRFX	Capital Income Builder	Pair Corr
0.82	CIRCX	Capital Income Builder	Pair Corr
0.89	CIREX	Capital Income Builder	Pair Corr
0.88	RIRBX	Capital Income Builder	Pair Corr
0.83	CAIFX	Capital Income Builder	Pair Corr
0.83	CIRFX	Capital Income Builder	Pair Corr
0.83	CIRAX	Capital Income Builder	Pair Corr
0.8	PFN	Pimco Income Strategy	Pair Corr
0.62	CIF	Mfs Intermediate High	Pair Corr
0.67	NXJ	Nuveen New Jersey	Pair Corr
0.73	XPPRX	Voya Prime Rate	Pair Corr
0.95	PCF	Putnam High Income	Pair Corr
0.86	RTEHX	American High Income	Pair Corr
0.9	RBNCX	Robinson Opportunistic	Pair Corr
0.74	DILYX	Davis International	Pair Corr
0.89	AQRRX	Aqr Risk Parity	Pair Corr
0.94	DFIVX	Dfa International Value	Pair Corr
0.73	VRSAX	Voya Retirement Solution	Pair Corr
0.71	MIXAX	Mainstay Indexed Bond	Pair Corr
0.88	THQ	Tekla Healthcare Opp	Pair Corr
0.78	AHYMX	Alpine High Yield	Pair Corr
0.95	TIIEX	Tiaa Cref International	Pair Corr
0.7	BZFAX	Ohio Variable College	Pair Corr
0.86	FDWGX	American Funds Developing	Pair Corr

Moving against Sextant Mutual Fund

0.46

RRPSX

Rising Rates Opportunity

Pair Corr

Related Correlations Analysis

	CAARX	BICPX	PQCNX	FHCOX	JDJRX	WDIAX
CAARX		0.94	0.85	0.24	0.26	0.71	CAARX
BICPX	0.94		0.89	0.3	0.31	0.81	BICPX
PQCNX	0.85	0.89		0.12	0.06	0.64	PQCNX
FHCOX	0.24	0.3	0.12		0.91	0.25	FHCOX
JDJRX	0.26	0.31	0.06	0.91		0.27	JDJRX
WDIAX	0.71	0.81	0.64	0.25	0.27		WDIAX
	CAARX	BICPX	PQCNX	FHCOX	JDJRX	WDIAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CAARX	0.28	0.01	0.20	(0.19)	0.35	(0.29)	0.67	(0.49)	2.05
BICPX	0.24	0.03	0.21	0.12	0.24	(0.32)	0.63	(0.45)	1.80
PQCNX	0.26	0.03	0.26	0.41	0.19	(0.34)	0.59	(0.47)	1.65
FHCOX	0.05	0.01	0.00	(0.80)	0.00	0.00	0.10	(0.10)	0.50
JDJRX	0.37	0.07	0.33	1.78	0.22	(0.47)	0.88	(0.64)	2.40
WDIAX	0.55	0.01	0.00	(0.03)	0.00	0.00	1.07	(0.96)	3.64

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