Steward Funds Correlations

SJVAX Fund

USD 29.37 0.29 1.00%

The current 90-days correlation between Steward Funds and Glg Intl Small is 0.55 (i.e., Very weak diversification). The correlation of Steward Funds 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 Funds Correlation With Market

Very weak diversification

The correlation between Steward Funds and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Funds 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 Funds . 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 nation.

Moving together with Steward Mutual Fund

0.75	SSMOX	Steward Small Mid	Pair Corr
0.76	SCECX	Steward Small Mid	Pair Corr
0.65	SCJAX	Steward Ered Call	Pair Corr
0.69	SCJCX	Steward Ered Call	Pair Corr
0.71	SCJIX	Steward Ered Call	Pair Corr
0.8	SEACX	Steward Select Bond	Pair Corr
0.79	SEAKX	Steward Select Bond	Pair Corr
0.68	SEECX	Steward Large Cap	Pair Corr
0.65	SEEHX	Steward Large Cap	Pair Corr
0.68	SEEKX	Steward Large Cap	Pair Corr
0.88	SGIDX	Steward Global E	Pair Corr
0.88	SGIGX	Steward Global Equity	Pair Corr
0.89	SGISX	Stewart Global Equity	Pair Corr
0.84	SJCIX	Steward Funds	Pair Corr
0.85	SJCAX	Steward Large Cap	Pair Corr
0.84	SJCRX	Steward Large Cap	Pair Corr
0.66	SJGIX	Steward Large Cap	Pair Corr
0.65	SJGAX	Steward Large Cap	Pair Corr
0.77	SJVIX	Steward Funds	Pair Corr
0.76	TRDFX	Steward Small Mid	Pair Corr
0.71	SNTCX	Steward International	Pair Corr
0.68	SNTFX	Steward International	Pair Corr
0.71	SNTKX	Steward International	Pair Corr
0.94	VVIAX	Vanguard Value Index	Pair Corr
0.9	DOXGX	Dodge Cox Stock	Pair Corr
0.85	AFMFX	American Mutual	Pair Corr
0.85	FFMMX	American Funds American	Pair Corr
0.85	FFFMX	American Funds American	Pair Corr
0.85	AMRMX	American Mutual	Pair Corr
0.85	AMFFX	American Mutual	Pair Corr
0.84	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.94	VIVAX	Vanguard Value Index	Pair Corr

Moving against Steward Mutual Fund

0.94

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	GLVIX	DFUKX	ASCGX	QLMSIX	KSCYX	RISRX	MSSGX
GLVIX		0.31	0.14	0.18	-0.21	0.62	0.56	GLVIX
DFUKX	0.31		0.61	0.52	0.17	0.81	0.19	DFUKX
ASCGX	0.14	0.61		0.7	0.55	0.7	0.33	ASCGX
QLMSIX	0.18	0.52	0.7		0.85	0.61	-0.03	QLMSIX
KSCYX	-0.21	0.17	0.55	0.85		0.21	-0.22	KSCYX
RISRX	0.62	0.81	0.7	0.61	0.21		0.35	RISRX
MSSGX	0.56	0.19	0.33	-0.03	-0.22	0.35		MSSGX
	GLVIX	DFUKX	ASCGX	QLMSIX	KSCYX	RISRX	MSSGX

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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

KSCYX	+ 0.85	QLMSIX
RISRX	+ 0.81	DFUKX
QLMSIX	+ 0.7	ASCGX
RISRX	+ 0.7	ASCGX
RISRX	+ 0.62	GLVIX
ASCGX	+ 0.61	DFUKX

High negative correlations

MSSGX	- 0.22	KSCYX
KSCYX	- 0.21	GLVIX
MSSGX	- 0.03	QLMSIX

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Funds 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 Funds' 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
GLVIX	0.73	0.10	0.08	0.25	0.83	(0.80)	1.53	(1.18)	5.20
DFUKX	0.77	(0.05)	0.00	(0.06)	0.00	0.00	1.66	(2.50)	4.22
ASCGX	1.15	(0.09)	0.00	(0.09)	0.00	0.00	2.17	(2.37)	7.17
QLMSIX	0.94	(0.05)	0.00	(0.05)	0.00	0.00	1.74	(1.69)	6.25
KSCYX	1.78	(0.05)	0.00	(0.02)	0.00	0.00	3.29	(5.26)	16.43
RISRX	0.69	(0.03)	0.00	(0.05)	0.00	0.00	1.57	(1.73)	3.54
MSSGX	1.61	0.29	0.15	0.42	1.70	(1.94)	3.81	(2.79)	11.74

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