Steward Large Correlations

SEEHX Fund  USD 30.26  0.10  0.33%   
The current 90-days correlation between Steward Large Cap and Steward Small Mid Cap is 0.09 (i.e., Significant 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 0.81 (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 rate.

Moving together with Steward Mutual Fund

  0.9SSMOX Steward Small MidPairCorr
  0.94SCECX Steward Small MidPairCorr
  0.94SCJAX Steward Ered CallPairCorr
  0.98SCJCX Steward Ered CallPairCorr
  0.99SCJIX Steward Ered CallPairCorr
  0.96SEECX Steward Large CapPairCorr
  0.96SEEKX Steward Large CapPairCorr
  0.72SGIDX Steward Global EPairCorr
  0.73SGIGX Steward Global EquityPairCorr
  0.7SGIFX Steward Global EquityPairCorr
  0.72SGISX Stewart Global EquityPairCorr
  0.95SJCIX Steward FundsPairCorr
  0.95SJCAX Steward Large CapPairCorr
  0.95SJCRX Steward Large CapPairCorr
  0.99SJGIX Steward Large CapPairCorr
  0.99SJGAX Steward Large CapPairCorr
  0.96SJVAX Steward FundsPairCorr
  0.96SJVIX Steward FundsPairCorr
  0.94TRDFX Steward Small MidPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr

Moving against Steward Mutual Fund

  0.64SEAKX Steward Select BondPairCorr
  0.63SEACX Steward Select BondPairCorr
  0.7SMNAX Steward Equity MarketPairCorr
  0.69SMNIX Crossmark Steward EquityPairCorr

Related Correlations Analysis

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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   
SEAKXSEACX
SEECXSCJAX
SCJIXSCJCX
SCECXSSMOX
SEECXSSMOX
SCJCXSCJAX
  
High negative correlations   
SEECXSEAKX
SEECXSEACX
SEAKXSCJIX
SEACXSCJIX
SEAKXSSMOX
SEAKXSCECX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSMOX  0.76  0.10 (0.01) 0.98  0.72 
 1.88 
 5.85 
SCECX  0.79 (0.01) 0.03  0.12  0.69 
 1.86 
 5.96 
SCJAX  0.36  0.03 (0.15)(1.34) 0.45 
 0.88 
 2.40 
SCJCX  0.38 (0.02)(0.14) 0.08  0.47 
 0.76 
 2.43 
SCJIX  0.36  0.00 (0.10) 0.11  0.46 
 0.87 
 2.43 
SEAAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SEACX  0.17 (0.03) 0.00 (1.67) 0.00 
 0.36 
 1.15 
SEABX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SEAKX  0.16 (0.03) 0.00 (2.69) 0.00 
 0.35 
 1.15 
SEECX  0.55  0.09 (0.04)(5.40) 0.65 
 1.17 
 3.58