Steward Select Correlations
The correlation of Steward Select 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 |
Related Correlations Analysis
0.9 | 0.52 | 0.71 | 0.72 | BRIDX | ||
0.9 | 0.65 | 0.66 | 0.78 | FRTCX | ||
0.52 | 0.65 | 0.06 | 0.92 | SAMAX | ||
0.71 | 0.66 | 0.06 | 0.21 | MODRX | ||
0.72 | 0.78 | 0.92 | 0.21 | JTSQX | ||
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Risk-Adjusted Indicators
There is a big difference between Steward Mutual Fund performing well and Steward Select 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 Select'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BRIDX | 0.19 | 0.01 | (0.49) | 0.35 | 0.15 | 0.39 | 1.08 | |||
FRTCX | 0.20 | 0.02 | (0.35) | 0.76 | 0.11 | 0.38 | 1.14 | |||
SAMAX | 0.39 | 0.11 | (0.03) | 1.40 | 0.09 | 0.88 | 2.62 | |||
MODRX | 0.27 | 0.00 | (0.29) | 0.17 | 0.25 | 0.72 | 1.52 | |||
JTSQX | 0.43 | 0.10 | (0.06) | 6.12 | 0.35 | 1.12 | 3.11 |