Sextant International Correlations

SSIFX Fund

USD 22.43 0.08 0.36%

The current 90-days correlation between Sextant International and Sextant Growth Fund is -0.23 (i.e., Very 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

Very weak diversification

The correlation between Sextant International Fund and DJI is 0.51 (i.e., Very weak 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

0.86	CISGX	Touchstone Sands Capital	Pair Corr
0.79	HWACX	Hotchkis Wiley Value	Pair Corr
0.82	PGLSX	Global Multi Strategy	Pair Corr
0.71	RXRPX	American Funds Retirement	Pair Corr

Related Correlations Analysis

	SSGFX	AMANX	AMAGX	SBIFX	SGHIX
SSGFX		0.33	0.73	-0.54	-0.45	SSGFX
AMANX	0.33		0.62	0.19	0.16	AMANX
AMAGX	0.73	0.62		-0.6	-0.62	AMAGX
SBIFX	-0.54	0.19	-0.6		0.91	SBIFX
SGHIX	-0.45	0.16	-0.62	0.91		SGHIX
	SSGFX	AMANX	AMAGX	SBIFX	SGHIX

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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

SGHIX	+ 0.91	SBIFX
AMAGX	+ 0.73	SSGFX
AMAGX	+ 0.62	AMANX
AMANX	+ 0.33	SSGFX
SBIFX	+ 0.19	AMANX
SGHIX	+ 0.16	AMANX

High negative correlations

SGHIX	- 0.62	AMAGX
SBIFX	- 0.6	AMAGX
SBIFX	- 0.54	SSGFX
SGHIX	- 0.45	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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSGFX	0.94	(0.13)	0.00	3.50	0.00	0.00	1.60	(2.21)	4.82
AMANX	0.75	(0.11)	0.00	(0.20)	0.00	0.00	1.23	(1.47)	5.13
AMAGX	0.94	(0.18)	0.00	(0.22)	0.00	0.00	1.34	(2.71)	5.16
SBIFX	0.32	0.01	0.01	0.28	0.31	(0.40)	0.69	(0.69)	1.88
SGHIX	0.33	0.07	0.17	0.30	0.23	(0.41)	0.97	(0.54)	1.76

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