Steward International Correlations

SNTKX Fund

USD 25.43 0.09 0.36%

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 0.38 (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 industry.

Moving together with Steward Mutual Fund

1.0	SNTCX	Steward International	Pair Corr
0.89	SNTFX	Steward International	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.75	VTMGX	Vanguard Developed	Pair Corr
0.8	VDVIX	Vanguard Developed	Pair Corr
0.75	VTMNX	Vanguard Developed	Pair Corr

Moving against Steward Mutual Fund

0.31

MLPMX

Oppenheimer Steelpath Mlp

Pair Corr

Related Correlations Analysis

	SEEKX	SNTFX	SGIDX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
SEEKX		0.1	0.77	0.0	0.66	0.64	0.45	0.69	0.47	0.55	SEEKX
SNTFX	0.1		0.64	0.0	0.64	0.23	-0.56	0.64	-0.45	-0.29	SNTFX
SGIDX	0.77	0.64		0.0	0.85	0.57	-0.08	0.88	-0.02	0.21	SGIDX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.66	0.64	0.85	0.0		0.69	-0.13	0.81	-0.05	0.16	MSTSX
LBHIX	0.64	0.23	0.57	0.0	0.69		0.16	0.72	0.24	0.09	LBHIX
VIASP	0.45	-0.56	-0.08	0.0	-0.13	0.16		-0.04	0.78	0.5	VIASP
RRTLX	0.69	0.64	0.88	0.0	0.81	0.72	-0.04		0.02	0.01	RRTLX
OSHDF	0.47	-0.45	-0.02	0.0	-0.05	0.24	0.78	0.02		0.32	OSHDF
70082LAB3	0.55	-0.29	0.21	0.0	0.16	0.09	0.5	0.01	0.32		70082LAB3
	SEEKX	SNTFX	SGIDX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.88	SGIDX
MSTSX	+ 0.85	SGIDX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.78	VIASP
SGIDX	+ 0.77	SEEKX
RRTLX	+ 0.72	LBHIX

High negative correlations

VIASP	- 0.56	SNTFX
OSHDF	- 0.45	SNTFX
70082LAB3	- 0.29	SNTFX
VIASP	- 0.13	MSTSX
VIASP	- 0.08	SGIDX
OSHDF	- 0.05	MSTSX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEEKX	0.55	0.08	(0.05)	(5.12)	0.65	(0.59)	1.16	(0.99)	3.57
SNTFX	0.62	(0.04)	0.00	0.70	0.00	0.00	1.31	(1.57)	4.47
SGIDX	0.58	0.02	(0.14)	(0.44)	0.69	(0.69)	1.40	(1.26)	3.77
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.50	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.02	(0.41)	2.96	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	0.00	(0.33)	0.37	0.26	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.65	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.99	0.03	(0.04)	1.55	2.18	(1.09)	1.75	(1.69)	24.27

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC