Steward Select Correlations
| SEAAX Fund | USD 24.64 0.00 0.00% |
The correlation of Steward Select 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.
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Related Correlations Analysis
| 0.83 | 0.75 | 0.84 | 0.76 | 0.94 | 0.92 | CMCIX | ||
| 0.83 | 0.96 | 0.89 | 0.96 | 0.78 | 0.77 | PMVEX | ||
| 0.75 | 0.96 | 0.77 | 1.0 | 0.69 | 0.7 | TRMNX | ||
| 0.84 | 0.89 | 0.77 | 0.77 | 0.84 | 0.83 | PRNIX | ||
| 0.76 | 0.96 | 1.0 | 0.77 | 0.7 | 0.7 | TRSZX | ||
| 0.94 | 0.78 | 0.69 | 0.84 | 0.7 | 0.96 | RRMVX | ||
| 0.92 | 0.77 | 0.7 | 0.83 | 0.7 | 0.96 | BPSCX | ||
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Risk-Adjusted Indicators
There is a big difference between Steward Mutual Fund performing well and Steward Select 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 Select'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMCIX | 0.74 | (0.19) | 0.00 | (0.34) | 0.00 | 1.17 | 6.83 | |||
| PMVEX | 0.63 | (0.08) | 0.00 | (0.19) | 0.00 | 1.14 | 3.71 | |||
| TRMNX | 0.99 | (0.12) | 0.00 | (0.21) | 0.00 | 1.59 | 6.11 | |||
| PRNIX | 0.64 | (0.04) | 0.00 | (0.15) | 0.00 | 1.15 | 3.79 | |||
| TRSZX | 0.99 | (0.13) | 0.00 | (0.22) | 0.00 | 1.59 | 6.06 | |||
| RRMVX | 0.81 | (0.25) | 0.00 | (0.44) | 0.00 | 1.01 | 11.92 | |||
| BPSCX | 0.96 | (0.28) | 0.00 | (0.41) | 0.00 | 1.25 | 13.38 |