Steward International Correlations

Mutual Funds . USA . 
Fund . Steward International Enhanced
SNTFX Fund  USD 20.78  0.13  0.62%   
The current 90-days correlation between Steward International and Vanguard Total International is 0.9 (i.e., Almost no diversification). The correlation of Steward International 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 International Correlation With Market

Weak diversification

The correlation between Steward International Enhanced and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward International Enhanced 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 International Enhanced. 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 census.

Moving together with Steward Mutual Fund

  0.62SGIFX Steward Global EquityPairCorr
  1.0SNTCX Steward InternationalPairCorr
  1.0SNTKX Steward InternationalPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.81VTMGX Vanguard DevelopedPairCorr
  0.75VDVIX Vanguard DevelopedPairCorr
  0.81VTMNX Vanguard DevelopedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward International 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 International'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
VGTSX  0.62 (0.11) 0.00 (0.13) 0.00 
 0.00 
 1.15 
(1.56)
 4.09 
VTIAX  0.62 (0.11) 0.00 (0.12) 0.00 
 0.00 
 1.15 
(1.59)
 4.11 
VTSNX  0.61 (0.11) 0.00 (0.13) 0.00 
 0.00 
 1.15 
(1.57)
 4.08 
VTPSX  0.61 (0.11) 0.00 (0.13) 0.00 
 0.00 
 1.14 
(1.57)
 4.08 
VTISX  0.61 (0.11) 0.00 (0.12) 0.00 
 0.00 
 1.14 
(1.57)
 4.09 
VTMGX  0.63 (0.14) 0.00 (0.17) 0.00 
 0.00 
 0.98 
(1.49)
 3.94 
VDVIX  0.64 (0.08) 0.00  1.82  0.00 
 0.00 
 0.96 
(1.52)
 4.01 
VTMNX  0.63 (0.14) 0.00 (0.17) 0.00 
 0.00 
 0.99 
(1.55)
 3.94 
VDIPX  0.63 (0.14) 0.00 (0.17) 0.00 
 0.00 
 1.02 
(1.50)
 3.93 
FSPSX  0.65 (0.09) 0.00  1.89  0.00 
 0.00 
 0.91 
(1.64)
 4.06 

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