Steward Large Correlations

SEEKX Fund

USD 38.91 0.28 0.71%

The current 90-days correlation between Steward Large Cap and Martin Currie Emerging is 0.14 (i.e., Average 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 0.89 (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 employment.

Moving together with Steward Mutual Fund

0.92	SSMOX	Steward Small Mid	Pair Corr
0.92	SCECX	Steward Small Mid	Pair Corr
0.96	SCJAX	Steward Ered Call	Pair Corr
0.93	SJCIX	Steward Funds	Pair Corr
0.93	SJCAX	Steward Large Cap	Pair Corr
0.98	SJCRX	Steward Large Cap	Pair Corr
0.72	SJGIX	Steward Large Cap	Pair Corr
0.97	SJGAX	Steward Large Cap	Pair Corr
0.94	SJVAX	Steward Funds	Pair Corr
0.94	SJVIX	Steward Funds	Pair Corr
0.95	TRDFX	Steward Small Mid	Pair Corr
0.94	SNTKX	Steward International	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr
0.88	VTIAX	Vanguard Total Inter	Pair Corr
0.68	VBTLX	Vanguard Total Bond	Pair Corr
0.67	ACCWX	Invesco Porate Bond	Pair Corr
0.92	JRTYX	Multi Index 2050	Pair Corr
0.94	MFFPX	Mfs Lifetime 2050	Pair Corr
0.69	UINCX	Income Fund Income	Pair Corr
0.87	JVTAX	Janus Venture	Pair Corr
0.94	MAGMX	Mfs Growth Allocation	Pair Corr
0.91	FAITX	American Funds 2050	Pair Corr
0.9	AABTX	American Funds 2015	Pair Corr
0.94	GMARX	Nationwide Investor	Pair Corr
0.84	RSPMX	Victory Rs Partners	Pair Corr
0.82	HLDRX	Hartford Emerging	Pair Corr
0.72	MISHX	Ab Municipal Income	Pair Corr
0.91	FLMAX	Muirfield Fund Adviser	Pair Corr

Moving against Steward Mutual Fund

0.43

SMNIX

Crossmark Steward Equity

Pair Corr

Related Correlations Analysis

	WFIVX	SWYOX	WTSGX	SMAYX	STITX	SWYLX	HRVIX	HNVIX	MCEMX	MCEIX
WFIVX		0.87	0.82	0.93	0.6	0.87	0.83	0.82	0.72	0.72	WFIVX
SWYOX	0.87		0.95	0.91	0.64	0.99	0.91	0.92	0.91	0.91	SWYOX
WTSGX	0.82	0.95		0.88	0.54	0.94	0.92	0.94	0.84	0.84	WTSGX
SMAYX	0.93	0.91	0.88		0.58	0.9	0.86	0.87	0.81	0.81	SMAYX
STITX	0.6	0.64	0.54	0.58		0.67	0.37	0.37	0.42	0.42	STITX
SWYLX	0.87	0.99	0.94	0.9	0.67		0.89	0.91	0.87	0.87	SWYLX
HRVIX	0.83	0.91	0.92	0.86	0.37	0.89		0.97	0.84	0.84	HRVIX
HNVIX	0.82	0.92	0.94	0.87	0.37	0.91	0.97		0.85	0.85	HNVIX
MCEMX	0.72	0.91	0.84	0.81	0.42	0.87	0.84	0.85		1.0	MCEMX
MCEIX	0.72	0.91	0.84	0.81	0.42	0.87	0.84	0.85	1.0		MCEIX
	WFIVX	SWYOX	WTSGX	SMAYX	STITX	SWYLX	HRVIX	HNVIX	MCEMX	MCEIX

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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
WFIVX	0.70	0.08	0.10	0.11	0.68	(0.81)	1.20	(1.28)	11.17
SWYOX	0.53	0.01	0.00	0.05	0.75	(0.49)	1.07	(1.17)	2.85
WTSGX	0.97	0.06	0.05	0.09	1.17	(1.02)	1.88	(1.95)	5.05
SMAYX	1.02	0.16	0.13	0.21	1.02	(1.16)	1.92	(1.78)	11.05
STITX	0.57	(0.08)	0.00	(0.07)	0.00	0.00	0.93	(1.31)	3.36
SWYLX	0.24	0.00	(0.07)	0.03	0.28	(0.26)	0.58	(0.51)	1.59
HRVIX	0.78	0.20	0.18	1.10	0.64	(0.91)	2.21	(1.21)	4.93
HNVIX	0.79	0.16	0.17	0.19	0.64	(0.93)	2.21	(1.19)	4.93
MCEMX	0.74	0.09	0.09	0.19	0.74	(0.84)	1.49	(1.50)	4.37
MCEIX	0.74	0.09	0.09	0.19	0.75	(0.84)	1.49	(1.45)	4.33

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