Steward Funds Fund Market Value
| SJCIX Fund | USD 31.33 0.35 1.13% |
| Symbol | Steward |
Steward Funds 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Steward Funds' mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Steward Funds.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Steward Funds on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Steward Funds or generate 0.0% return on investment in Steward Funds over 480 days. Steward Funds is related to or competes with Steward Small, Steward Small-mid, Steward Ered, Steward Covered, Steward Covered, Steward Select, and Steward Select. The funds principal investment strategy is to invest in a portfolio of large-cap equity securities, subject to the limit... More
Steward Funds Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Steward Funds' mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Steward Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7446 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.18 |
Steward Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steward Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steward Funds' standard deviation. In reality, there are many statistical measures that can use Steward Funds historical prices to predict the future Steward Funds' volatility.| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.1028 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 2.11 |
Steward Funds Backtested Returns
At this stage we consider Steward Mutual Fund to be very steady. Steward Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steward Funds , which you can use to evaluate the volatility of the fund. Please validate Steward Funds' Risk Adjusted Performance of 0.118, semi deviation of 0.5172, and Coefficient Of Variation of 650.35 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 0.0517, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Steward Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Steward Funds is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Steward Funds has very good predictability. Overlapping area represents the amount of predictability between Steward Funds time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Steward Funds price movement. The serial correlation of 0.83 indicates that around 83.0% of current Steward Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Steward Funds lagged returns against current returns
Autocorrelation, which is Steward Funds mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Steward Funds' mutual fund expected returns. We can calculate the autocorrelation of Steward Funds returns to help us make a trade decision. For example, suppose you find that Steward Funds has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Steward Funds regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Steward Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steward Funds mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steward Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Steward Funds Lagged Returns
When evaluating Steward Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steward Funds mutual fund have on its future price. Steward Funds autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Steward Funds autocorrelation shows the relationship between Steward Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Steward Funds .
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Steward Mutual Fund
Steward Funds financial ratios help investors to determine whether Steward Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Steward with respect to the benefits of owning Steward Funds security.
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