Steward Small-mid Correlations

SCECX Fund

USD 13.40 0.20 1.47%

The current 90-days correlation between Steward Small Mid and Foundry Partners Fundamental is 0.58 (i.e., Very weak diversification). The correlation of Steward Small-mid 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.

Steward Small-mid Correlation With Market

Almost no diversification

The correlation between Steward Small Mid Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Small Mid Cap 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 Steward Small Mid Cap. 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 services.

Moving together with Steward Mutual Fund

1.0	SSMOX	Steward Small Mid	Pair Corr
0.93	SCJAX	Steward Ered Call	Pair Corr
0.94	SCJCX	Steward Ered Call	Pair Corr
0.95	SEECX	Steward Large Cap	Pair Corr
0.96	SEEHX	Steward Large Cap	Pair Corr
0.91	SEEKX	Steward Large Cap	Pair Corr
0.97	SGIDX	Steward Global E	Pair Corr
0.99	SGISX	Stewart Global Equity	Pair Corr
0.97	SJCIX	Steward Funds	Pair Corr
0.95	SJCAX	Steward Large Cap	Pair Corr
0.97	SJCRX	Steward Large Cap	Pair Corr
0.92	SJGAX	Steward Large Cap	Pair Corr
0.97	SJVAX	Steward Funds	Pair Corr
0.97	SJVIX	Steward Funds	Pair Corr
0.98	TRDFX	Steward Small Mid	Pair Corr
0.98	SNTCX	Steward International	Pair Corr
0.98	SNTFX	Steward International	Pair Corr
0.96	SNTKX	Steward International	Pair Corr
0.94	VSMAX	Vanguard Small Cap	Pair Corr
0.94	VSCIX	Vanguard Small Cap	Pair Corr
0.94	VSCPX	Vanguard Small Cap	Pair Corr
0.94	NAESX	Vanguard Small Cap	Pair Corr
0.91	FSSNX	Fidelity Small Cap	Pair Corr
0.93	DFSTX	Us Small Cap	Pair Corr
0.94	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.94	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.95	PASVX	T Rowe Price	Pair Corr
0.94	PRVIX	T Rowe Price	Pair Corr
0.95	EKWDX	Wells Fargo Advantage	Pair Corr
0.9	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.9	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.84	HWDVX	Hartford World	Pair Corr
0.89	APHQX	Artisan Mid Cap	Pair Corr

Moving against Steward Mutual Fund

0.42	SMNAX	Steward Equity Market	Pair Corr
0.42	SMNIX	Crossmark Steward Equity	Pair Corr
0.39	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	SPVZX	SCUIX	NWGSX	BSL	CHN	DRSVX
SPVZX		0.92	0.83	-0.27	0.52	0.99	SPVZX
SCUIX	0.92		0.9	-0.17	0.6	0.91	SCUIX
NWGSX	0.83	0.9		-0.02	0.79	0.79	NWGSX
BSL	-0.27	-0.17	-0.02		0.44	-0.35	BSL
CHN	0.52	0.6	0.79	0.44		0.46	CHN
DRSVX	0.99	0.91	0.79	-0.35	0.46		DRSVX
	SPVZX	SCUIX	NWGSX	BSL	CHN	DRSVX

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

DRSVX	+ 0.99	SPVZX
SCUIX	+ 0.92	SPVZX
DRSVX	+ 0.91	SCUIX
NWGSX	+ 0.9	SCUIX
NWGSX	+ 0.83	SPVZX
CHN	+ 0.79	NWGSX

High negative correlations

DRSVX	- 0.35	BSL
BSL	- 0.27	SPVZX
BSL	- 0.17	SCUIX
BSL	- 0.02	NWGSX

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Small-mid 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 Steward Small-mid'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
SPVZX	0.62	0.08	0.09	0.18	0.48	(0.68)	1.61	(1.25)	3.42
SCUIX	1.05	0.26	0.31	0.26	0.40	(1.20)	2.39	(1.76)	17.73
NWGSX	1.59	0.50	0.54	0.50	0.19	(2.36)	2.38	(1.63)	36.95
BSL	0.26	(0.06)	0.00	(0.32)	0.00	0.00	0.52	(0.59)	2.43
CHN	3.72	0.28	0.03	(1.64)	4.65	(3.99)	8.82	(7.53)	25.49
DRSVX	0.77	0.17	0.19	0.26	0.50	(0.94)	2.29	(1.35)	4.30

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC