Steward Covered Correlations

SCJIX Fund

USD 8.55 0.03 0.35%

The current 90-days correlation between Steward Ered Call and Rbb Fund is 0.12 (i.e., Average diversification). The correlation of Steward Covered 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 Covered Correlation With Market

Average diversification

The correlation between Steward Ered Call and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Ered Call 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 Ered Call. 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 gross domestic product.

Moving together with STEWARD Mutual Fund

0.77	JEPAX	Jpmorgan Research Equity	Pair Corr
0.77	JEPCX	Jpmorgan Research Equity	Pair Corr
0.76	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.86	GSPKX	Goldman Sachs Equity	Pair Corr
0.86	GVIRX	Goldman Sachs Equity	Pair Corr
0.83	GSPAX	Goldman Sachs Equity	Pair Corr
0.86	GSPQX	Goldman Sachs Equity	Pair Corr
0.86	GSFPX	Goldman Sachs Equity	Pair Corr
0.83	GIDWX	Goldman Sachs Equity	Pair Corr
0.61	BMCIX	Blackrock High Equity	Pair Corr
0.69	WMT	Walmart Aggressive Push	Pair Corr
0.64	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.67	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against STEWARD Mutual Fund

0.67	GPBFX	Gmo E Plus	Pair Corr
0.48	GPMFX	Guidepath Managed Futures	Pair Corr
0.44	GAAGX	Gmo Alternative Allo	Pair Corr
0.42	GAAKX	Gmo Alternative Allo	Pair Corr
0.39	PQTNX	Pimco Trends Managed	Pair Corr
0.38	PQTAX	Pimco Trends Managed	Pair Corr
0.37	PQTIX	Aa Pimco Tr	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	OPTCX	BXDCX	VOLMX	EICVX	TWBIX	LANIX	PRVBX
OPTCX		0.61	0.96	0.87	0.76	0.94	0.5	OPTCX
BXDCX	0.61		0.52	0.44	0.58	0.56	0.88	BXDCX
VOLMX	0.96	0.52		0.89	0.7	0.96	0.44	VOLMX
EICVX	0.87	0.44	0.89		0.74	0.91	0.46	EICVX
TWBIX	0.76	0.58	0.7	0.74		0.82	0.6	TWBIX
LANIX	0.94	0.56	0.96	0.91	0.82		0.52	LANIX
PRVBX	0.5	0.88	0.44	0.46	0.6	0.52		PRVBX
	OPTCX	BXDCX	VOLMX	EICVX	TWBIX	LANIX	PRVBX

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Risk-Adjusted Indicators

There is a big difference between STEWARD Mutual Fund performing well and Steward Covered 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 Covered'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
OPTCX	0.15	0.03	(0.44)	0.92	0.00	(0.22)	0.32	(0.21)	1.04
BXDCX	0.09	0.01	(0.83)	(0.50)	0.00	(0.16)	0.22	(0.11)	0.65
VOLMX	0.60	0.01	0.00	0.13	0.57	(0.69)	1.14	(1.35)	4.49
EICVX	0.47	(0.02)	(0.13)	0.09	0.39	(0.55)	1.06	(0.71)	2.04
TWBIX	0.36	0.02	(0.18)	0.91	0.45	(0.38)	0.77	(0.92)	2.38
LANIX	0.50	(0.02)	(0.07)	0.10	0.55	(0.54)	0.99	(0.87)	3.06
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53

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