Sextant International Correlations

Mutual Funds . USA . 
Fund . Sextant International Fund
SSIFX Fund  USD 22.24  0.25  1.11%   
The current 90-days correlation between Sextant International and Sextant Growth Fund is -0.08 (i.e., Good diversification). The correlation of Sextant International 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 International Correlation With Market

Modest diversification

The correlation between Sextant International Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sextant International 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 International 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

  0.9SCORX Sextant E FundPairCorr
  0.7SGHIX Sextant Global HighPairCorr
  0.95SIFZX Sextant InternationalPairCorr
  0.68RERFX Europacific GrowthPairCorr
  0.68AEPFX Europacific GrowthPairCorr
  0.68CEUAX Europacific GrowthPairCorr
  0.66CEUCX Europacific GrowthPairCorr
  0.73RERCX Europacific GrowthPairCorr
  0.8REREX Europacific GrowthPairCorr
  0.69RERGX Europacific GrowthPairCorr
  0.62CEUFX Europacific GrowthPairCorr
  0.67CEUEX Europacific GrowthPairCorr
  0.66RERAX Europacific GrowthPairCorr
  0.74DXQLX Direxion Monthly NasdaqPairCorr
  0.71UOPIX Ultra Nasdaq 100PairCorr
  0.7UOPSX Ultranasdaq 100 ProfundPairCorr
  0.82INPIX Internet UltrasectorPairCorr
  0.8INPSX Internet UltrasectorPairCorr
  0.73RRPPX American Funds RetirementPairCorr
  0.64DFCEX Emerging Markets EPairCorr
  0.75JHYIX Aberdeen Global HighPairCorr
  0.8PIEJX International EmergingPairCorr
  0.72ZEMAX Investec Emerging MarketsPairCorr
  0.74VDVIX Vanguard DevelopedPairCorr
  0.75DBIWX Dws Global MacroPairCorr
  0.74RBNAX Robinson OpportunisticPairCorr

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   
AMAGX
+ 0.87
AMANX
SGHIX
+ 0.84
SBIFX
SBIFX
+ 0.67
AMANX
SGHIX
+ 0.46
AMANX
AMAGX
+ 0.39
SSGFX
SBIFX
+ 0.28
AMAGX
  
High negative correlations   
SGHIX
- 0.09
SSGFX

Risk-Adjusted Indicators

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

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