Seafarer Overseas Correlations

SIVLX Fund

USD 13.84 0.03 0.22%

The current 90-days correlation between Seafarer Overseas Value and Lind Capital Partners is 0.16 (i.e., Average 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

Significant diversification

The correlation between Seafarer Overseas Value and DJI is 0.06 (i.e., Significant 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

0.69	SFGIX	Seafarer Overseas Growth	Pair Corr
1.0	SFVRX	Seafarer Overseas Value	Pair Corr
0.96	SFVLX	Seafarer Overseas Value	Pair Corr
0.92	SIGIX	Seafarer Overseas Growth	Pair Corr
0.73	VEMAX	Vanguard Emerging Markets	Pair Corr
0.73	VEIEX	Vanguard Emerging Markets	Pair Corr
0.73	VEMIX	Vanguard Emerging Markets	Pair Corr
0.86	VEMRX	Vanguard Emerging Markets	Pair Corr
0.67	FWWNX	American Funds New	Pair Corr
0.67	FNFWX	American Funds New	Pair Corr
0.66	NEWFX	New World Fund	Pair Corr
0.67	ODVYX	Oppenheimer Developing	Pair Corr
0.7	GAAVX	Gmo Alternative Allo	Pair Corr
0.77	GABFX	Gmo Asset Allocation	Pair Corr
0.8	TYEFX	American Funds Tax	Pair Corr
0.68	DODWX	Dodge Global Stock	Pair Corr
0.81	MGICX	Mfs International Value	Pair Corr
0.86	PTRGX	Putman Absolute Return	Pair Corr
0.84	PEGPX	Pimco Esg Income	Pair Corr
0.66	SSTHX	Wells Fargo Short	Pair Corr
0.82	DVRCX	Mfs Global Alternative	Pair Corr
0.65	FAEDX	Faedx	Pair Corr
0.74	IOEBX	Ioebx	Pair Corr
0.85	FBAHX	Fidelity Advisor Tactical	Pair Corr
0.78	HWDYX	Hartford World	Pair Corr
0.82	PRREX	Putnam Absolute Return	Pair Corr
0.79	VFFIX	Victory Incore	Pair Corr
0.83	DGCAX	Delaware Porate Bond	Pair Corr

Moving against Seafarer Mutual Fund

0.61	GCAVX	Gmo Small Cap	Pair Corr
0.55	GMCQX	Gmo Equity Allocation	Pair Corr

Related Correlations Analysis

	LCPMX	ABIMX	USGDX	UGSFX	LTXFX	HHMYX	GANPX
LCPMX		0.96	0.7	0.72	0.93	0.89	0.87	LCPMX
ABIMX	0.96		0.73	0.74	0.92	0.89	0.84	ABIMX
USGDX	0.7	0.73		0.94	0.87	0.84	0.88	USGDX
UGSFX	0.72	0.74	0.94		0.89	0.73	0.91	UGSFX
LTXFX	0.93	0.92	0.87	0.89		0.9	0.98	LTXFX
HHMYX	0.89	0.89	0.84	0.73	0.9		0.86	HHMYX
GANPX	0.87	0.84	0.88	0.91	0.98	0.86		GANPX
	LCPMX	ABIMX	USGDX	UGSFX	LTXFX	HHMYX	GANPX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LCPMX	0.15	0.01	0.01	(0.23)	0.14	(0.24)	0.35	(0.45)	1.14
ABIMX	0.21	0.01	0.01	(0.71)	0.23	(0.26)	0.52	(0.51)	1.44
USGDX	0.67	0.09	0.11	1.24	0.66	(0.80)	1.45	(1.06)	3.93
UGSFX	0.25	0.04	0.11	(0.40)	0.16	(0.31)	0.60	(0.50)	1.55
LTXFX	0.10	0.01	0.04	(0.32)	0.00	(0.14)	0.26	(0.20)	0.65
HHMYX	0.13	0.00	0.00	0.07	0.11	(0.19)	0.36	(0.24)	0.84
GANPX	0.06	0.01	0.03	(0.28)	0.00	(0.12)	0.19	(0.10)	0.48

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