Steward Small-mid Correlations

SSMOX Fund

USD 12.86 0.08 0.62%

The current 90-days correlation between Steward Small Mid and Dreyfus Technology Growth is 0.03 (i.e., Significant diversification). The correlation of Steward Small-mid 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 Small-mid Correlation With Market

Significant diversification

The correlation between Steward Small Mid Cap and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Small Mid 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 Small Mid 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 persons.

Moving together with Steward Mutual Fund

0.8	VSMAX	Vanguard Small Cap	Pair Corr
0.84	VSCIX	Vanguard Small Cap	Pair Corr
0.8	VSCPX	Vanguard Small Cap	Pair Corr
0.84	NAESX	Vanguard Small Cap	Pair Corr
0.86	FSSNX	Fidelity Small Cap	Pair Corr
0.85	DFSTX	Us Small Cap	Pair Corr
0.84	PASVX	T Rowe Price	Pair Corr
0.84	PRVIX	T Rowe Price	Pair Corr
0.84	TRZVX	T Rowe Price	Pair Corr
0.84	PRSVX	T Rowe Price	Pair Corr
0.76	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.76	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.76	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.72	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Steward Mutual Fund

0.47	BTMPX	Ishares Msci Eafe	Pair Corr
0.47	BTMKX	Blackrock International	Pair Corr
0.47	MDIIX	Blackrock Intern Index	Pair Corr
0.65	KO	Coca Cola Aggressive Push	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.38	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DTEYX	TEFQX	MTCLX	ITYYX	JGLTX	TOWTX	JAGTX	DRGTX
DTEYX		0.94	0.99	0.99	0.93	0.81	0.99	0.95	DTEYX
TEFQX	0.94		0.92	0.93	0.91	0.82	0.94	0.89	TEFQX
MTCLX	0.99	0.92		0.97	0.93	0.82	0.99	0.95	MTCLX
ITYYX	0.99	0.93	0.97		0.92	0.75	0.96	0.94	ITYYX
JGLTX	0.93	0.91	0.93	0.92		0.88	0.93	0.98	JGLTX
TOWTX	0.81	0.82	0.82	0.75	0.88		0.8	0.87	TOWTX
JAGTX	0.99	0.94	0.99	0.96	0.93	0.8		0.93	JAGTX
DRGTX	0.95	0.89	0.95	0.94	0.98	0.87	0.93		DRGTX
	DTEYX	TEFQX	MTCLX	ITYYX	JGLTX	TOWTX	JAGTX	DRGTX

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Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Small-mid 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 Small-mid'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
DTEYX	0.89	0.02	0.02	0.14	1.25	(0.89)	1.88	(2.49)	5.99
TEFQX	1.16	(0.06)	0.00	0.08	1.68	(1.13)	2.40	(2.66)	6.95
MTCLX	0.84	0.01	0.01	0.13	1.15	(0.84)	2.09	(2.27)	5.97
ITYYX	0.93	0.09	0.07	0.20	1.25	(0.96)	2.50	(2.43)	6.05
JGLTX	0.89	0.08	(0.03)	(1.23)	1.36	(0.85)	1.87	(2.61)	5.92
TOWTX	0.54	0.04	(0.09)	0.67	0.73	(0.57)	1.12	(1.32)	3.71
JAGTX	0.87	(0.03)	(0.02)	0.09	1.33	(0.83)	1.88	(2.58)	5.87
DRGTX	0.96	0.15	0.01	(2.31)	1.53	(0.88)	1.80	(2.47)	6.64

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