Steward Large Correlations

SEECX Fund

USD 37.98 0.21 0.56%

The current 90-days correlation between Steward Large Cap and Adams Diversified Equity is 0.79 (i.e., Poor diversification). The correlation of Steward Large 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 Large Correlation With Market

Very poor diversification

The correlation between Steward Large Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Large 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 Large 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 main economic indicators.

Moving together with Steward Mutual Fund

0.94	SCECX	Steward Small Mid	Pair Corr
0.98	SCJAX	Steward Ered Call	Pair Corr
0.98	SCJCX	Steward Ered Call	Pair Corr
1.0	SEEHX	Steward Large Cap	Pair Corr
1.0	SEEKX	Steward Large Cap	Pair Corr
0.76	SGIDX	Steward Global E	Pair Corr
0.77	SGIGX	Steward Global Equity	Pair Corr
0.77	SGISX	Stewart Global Equity	Pair Corr
0.99	SJCIX	Steward Funds	Pair Corr
0.99	SJCAX	Steward Large Cap	Pair Corr
0.99	SJGAX	Steward Large Cap	Pair Corr
0.96	SJVAX	Steward Funds	Pair Corr
0.96	SJVIX	Steward Funds	Pair Corr
0.94	TRDFX	Steward Small Mid	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr
0.74	PFN	Pimco Income Strategy	Pair Corr
0.85	XNKGX	Nuveen Georgia Quality	Pair Corr

Moving against Steward Mutual Fund

0.68	SEAKX	Steward Select Bond	Pair Corr
0.65	SEACX	Steward Select Bond	Pair Corr
0.73	SMNAX	Steward Equity Market	Pair Corr
0.72	SMNIX	Crossmark Steward Equity	Pair Corr
0.66	XNXJX	Nuveen New Jersey	Pair Corr
0.6	XNBHX	Neuberger Berman Int	Pair Corr
0.38	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	ADX	RTOUX	PASVX	TRHBX	MDBLX	SIGWX	MDSKX
ADX		0.87	0.93	0.93	-0.65	0.9	0.93	ADX
RTOUX	0.87		0.93	0.93	-0.49	0.93	0.93	RTOUX
PASVX	0.93	0.93		1.0	-0.49	0.99	1.0	PASVX
TRHBX	0.93	0.93	1.0		-0.51	0.99	1.0	TRHBX
MDBLX	-0.65	-0.49	-0.49	-0.51		-0.46	-0.51	MDBLX
SIGWX	0.9	0.93	0.99	0.99	-0.46		0.99	SIGWX
MDSKX	0.93	0.93	1.0	1.0	-0.51	0.99		MDSKX
	ADX	RTOUX	PASVX	TRHBX	MDBLX	SIGWX	MDSKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TRHBX	+ 1.0	PASVX
MDSKX	+ 1.0	PASVX
MDSKX	+ 1.0	TRHBX
SIGWX	+ 0.99	PASVX
SIGWX	+ 0.99	TRHBX
MDSKX	+ 0.99	SIGWX

High negative correlations

MDBLX	- 0.65	ADX
MDSKX	- 0.51	MDBLX
MDBLX	- 0.51	TRHBX
MDBLX	- 0.49	PASVX
MDBLX	- 0.49	RTOUX
SIGWX	- 0.46	MDBLX

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Large 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 Large'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
ADX	0.63	(0.02)	(0.04)	0.10	0.85	(0.64)	1.35	(1.20)	3.44
RTOUX	0.80	0.10	0.00	0.81	0.84	(0.88)	1.78	(1.45)	6.26
PASVX	0.76	(0.02)	0.02	0.11	0.71	(0.81)	1.74	(1.22)	6.47
TRHBX	0.93	(0.04)	0.02	0.09	0.93	(1.02)	2.09	(1.63)	7.62
MDBLX	0.22	0.00	(0.39)	0.21	0.27	(0.26)	0.37	(0.60)	1.35
SIGWX	0.75	(0.02)	0.00	0.10	0.83	(0.86)	1.53	(1.38)	7.02
MDSKX	0.94	(0.05)	0.01	0.09	0.94	(1.02)	2.08	(1.62)	7.61

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

2024 Macroaxis LLC