Steward Large Correlations

SJCRX Fund

30.89 0.34 1.11%

The current 90-days correlation between Steward Large Cap and Steward Small Mid Cap is 0.77 (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

Significant diversification

The correlation between Steward Large Cap and DJI is 0.05 (i.e., Significant 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 metropolitan statistical area.

Moving together with Steward Mutual Fund

0.96	SSMOX	Steward Small Mid	Pair Corr
0.91	SCECX	Steward Small Mid	Pair Corr
0.97	SCJAX	Steward Ered Call	Pair Corr
0.92	SCJCX	Steward Ered Call	Pair Corr
0.93	SCJIX	Steward Ered Call	Pair Corr
0.99	SEECX	Steward Large Cap	Pair Corr
0.95	SEEHX	Steward Large Cap	Pair Corr
0.99	SEEKX	Steward Large Cap	Pair Corr
0.75	SGIDX	Steward Global E	Pair Corr
0.76	SGIGX	Steward Global Equity	Pair Corr
0.73	SGIFX	Steward Global Equity	Pair Corr
0.76	SGISX	Stewart Global Equity	Pair Corr
1.0	SJCIX	Steward Funds	Pair Corr
1.0	SJCAX	Steward Large Cap	Pair Corr
0.95	SJGIX	Steward Large Cap	Pair Corr
0.95	SJGAX	Steward Large Cap	Pair Corr
0.96	SJVAX	Steward Funds	Pair Corr
0.95	SJVIX	Steward Funds	Pair Corr
0.91	TRDFX	Steward Small Mid	Pair Corr
0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Steward Mutual Fund

0.68	SEAKX	Steward Select Bond	Pair Corr
0.67	SEACX	Steward Select Bond	Pair Corr
0.68	SMNAX	Steward Equity Market	Pair Corr
0.68	SMNIX	Crossmark Steward Equity	Pair Corr

Related Correlations Analysis

	SSMOX	SCECX	SCJAX	SCJCX	SCJIX	SEAAX	SEACX	SEABX	SEAKX	SEECX
SSMOX		0.94	0.92	0.87	0.88	0.0	-0.62	0.0	-0.63	0.94	SSMOX
SCECX	0.94		0.87	0.91	0.91	0.0	-0.61	0.0	-0.62	0.89	SCECX
SCJAX	0.92	0.87		0.94	0.94	0.0	-0.59	0.0	-0.6	0.99	SCJAX
SCJCX	0.87	0.91	0.94		0.99	0.0	-0.55	0.0	-0.56	0.92	SCJCX
SCJIX	0.88	0.91	0.94	0.99		0.0	-0.63	0.0	-0.64	0.94	SCJIX
SEAAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SEAAX
SEACX	-0.62	-0.61	-0.59	-0.55	-0.63	0.0		0.0	1.0	-0.65	SEACX
SEABX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SEABX
SEAKX	-0.63	-0.62	-0.6	-0.56	-0.64	0.0	1.0	0.0		-0.65	SEAKX
SEECX	0.94	0.89	0.99	0.92	0.94	0.0	-0.65	0.0	-0.65		SEECX
	SSMOX	SCECX	SCJAX	SCJCX	SCJIX	SEAAX	SEACX	SEABX	SEAKX	SEECX

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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

SEAKX	+ 1.0	SEACX
SEECX	+ 0.99	SCJAX
SCJIX	+ 0.99	SCJCX
SCECX	+ 0.94	SSMOX
SEECX	+ 0.94	SSMOX
SCJCX	+ 0.94	SCJAX

High negative correlations

SEECX	- 0.65	SEAKX
SEECX	- 0.65	SEACX
SEAKX	- 0.64	SCJIX
SEACX	- 0.63	SCJIX
SEAKX	- 0.63	SSMOX
SEAKX	- 0.62	SCECX

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
SSMOX	0.76	0.10	(0.01)	0.98	0.72	(0.90)	1.88	(1.35)	5.85
SCECX	0.79	(0.01)	0.03	0.12	0.69	(0.94)	1.86	(1.36)	5.96
SCJAX	0.36	0.03	(0.15)	(1.34)	0.45	(0.43)	0.88	(0.95)	2.40
SCJCX	0.38	(0.02)	(0.14)	0.08	0.47	(0.41)	0.76	(0.98)	2.43
SCJIX	0.36	0.00	(0.10)	0.11	0.46	(0.40)	0.87	(1.06)	2.43
SEAAX	0.00	0.00	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	0.00	0.36	(0.49)	1.15
SEABX	0.00	0.00	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	0.00	0.35	(0.49)	1.15
SEECX	0.55	0.09	(0.04)	(5.40)	0.65	(0.59)	1.17	(0.97)	3.58

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