Sextant Growth Correlations

SGZFX Fund  USD 51.34  1.12  2.23%   
The current 90-days correlation between Sextant Growth and Sextant Growth Fund is 1.0 (i.e., No risk reduction). The correlation of Sextant Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Sextant Growth Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant Growth Fund 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 Growth Fund. 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 census.

Moving together with Sextant Mutual Fund

  1.0SSGFX Sextant GrowthPairCorr
  0.67SSIFX Sextant InternationalPairCorr
  0.78SCORX Sextant E FundPairCorr
  0.66SIFZX Sextant InternationalPairCorr
  0.91FAFGX American FundsPairCorr
  0.91FFAFX American FundsPairCorr
  0.9GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.89AGTHX Growth FundPairCorr
  0.91CGFFX Growth FundPairCorr
  0.9CGFCX Growth FundPairCorr
  0.91CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.91RGAEX Growth FundPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.9VFFSX Vanguard 500 IndexPairCorr

Moving against Sextant Mutual Fund

  0.7STBFX Sextant Short TermPairCorr
  0.47SGHIX Sextant Global HighPairCorr
  0.34SBIFX Sextant Bond IncomePairCorr
  0.7ASADX Short Duration StrategicPairCorr
  0.55ICTUX Icon Utilities AndPairCorr
  0.55SHRIX Stone Ridge HighPairCorr
  0.52CRDLX Griffin InstitutionalPairCorr
  0.49TRWCX Transamerica InternationalPairCorr
  0.45EIISX Parametric InternationalPairCorr
  0.4MCSNX Mfs Commodity StrategyPairCorr
  0.38MAHIX Litman Gregory MastersPairCorr
  0.32VGTSX Vanguard Total InterPairCorr
  0.32VTIAX Vanguard Total InterPairCorr
  0.31SSTDX Saat Servative StrategyPairCorr
  0.78GGUIX Aberdeen Eq LongPairCorr
  0.72BBBMX Bbh Limited DurationPairCorr

Related Correlations Analysis

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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   
SGZFXSSGFX
SIFZXSSIFX
SCORXSSIFX
SIFZXSCORX
SGHIXSTBFX
SGHIXSBIFX
  
High negative correlations   
SGZFXSTBFX
STBFXSSGFX
SGZFXSGHIX
SGHIXSSGFX
SGZFXSBIFX
SBIFXSSGFX

Risk-Adjusted Indicators

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