Steward Select Correlations

SEACX Fund

USD 22.32 0.02 0.09%

The current 90-days correlation between Steward Select Bond and Virtus Convertible is 0.09 (i.e., Significant diversification). 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 Select Correlation With Market

Significant diversification

The correlation between Steward Select Bond 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 Select Bond 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 Select Bond. 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 main economic indicators.

Moving together with STEWARD Mutual Fund

1.0	SEAKX	Steward Select Bond	Pair Corr
0.7	SMNAX	Steward Equity Market	Pair Corr
0.71	SMNIX	Crossmark Steward Equity	Pair Corr
0.64	SNTCX	Steward International	Pair Corr
0.64	SNTKX	Steward International	Pair Corr
0.93	VBTLX	Vanguard Total Bond	Pair Corr
0.98	VBMFX	Vanguard Total Bond	Pair Corr
0.98	VBTIX	Vanguard Total Bond	Pair Corr
0.98	VTBSX	Vanguard Total Bond	Pair Corr
0.98	VTBIX	Vanguard Total Bond	Pair Corr
0.98	VTBNX	Vanguard Total Bond	Pair Corr
0.98	FBOFX	American Funds	Pair Corr
0.98	FFBOX	American Funds	Pair Corr
0.98	BFAFX	Bond Fund	Pair Corr
0.98	ABNDX	Bond Fund	Pair Corr

Moving against STEWARD Mutual Fund

0.56	SJGIX	Steward Large Cap	Pair Corr
0.56	SJGAX	Steward Large Cap	Pair Corr
0.55	SCECX	Steward Small Mid	Pair Corr
0.54	SSMOX	Steward Small Mid	Pair Corr
0.44	SJCAX	Steward Large Cap	Pair Corr
0.44	SJCRX	Steward Large Cap	Pair Corr
0.43	SJCIX	Steward Funds	Pair Corr
0.36	SCJCX	Steward Ered Call	Pair Corr
0.35	SCJAX	Steward Ered Call	Pair Corr
0.35	SEECX	Steward Large Cap	Pair Corr
0.35	SEEKX	Steward Large Cap	Pair Corr
0.34	SCJIX	Steward Ered Call	Pair Corr
0.32	SEEHX	Steward Large Cap	Pair Corr
0.55	TRDFX	Steward Small Mid	Pair Corr
0.42	VTSAX	Vanguard Total Stock	Pair Corr
0.42	VTSMX	Vanguard Total Stock	Pair Corr
0.42	VSMPX	Vanguard Total Stock	Pair Corr
0.42	VSTSX	Vanguard Total Stock	Pair Corr
0.42	VITSX	Vanguard Total Stock	Pair Corr
0.38	VFIAX	Vanguard 500 Index	Pair Corr
0.38	VFINX	Vanguard 500 Index	Pair Corr
0.38	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	VAADX	FSAWX	XAVKX	PCNTX	GCV	CCD
VAADX		-0.65	0.95	1.0	0.43	0.88	VAADX
FSAWX	-0.65		-0.5	-0.66	0.2	-0.75	FSAWX
XAVKX	0.95	-0.5		0.95	0.51	0.83	XAVKX
PCNTX	1.0	-0.66	0.95		0.42	0.89	PCNTX
GCV	0.43	0.2	0.51	0.42		0.24	GCV
CCD	0.88	-0.75	0.83	0.89	0.24		CCD
	VAADX	FSAWX	XAVKX	PCNTX	GCV	CCD

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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

PCNTX	+ 1.0	VAADX
XAVKX	+ 0.95	VAADX
PCNTX	+ 0.95	XAVKX
CCD	+ 0.89	PCNTX
CCD	+ 0.88	VAADX
CCD	+ 0.83	XAVKX

High negative correlations

CCD	- 0.75	FSAWX
PCNTX	- 0.66	FSAWX
FSAWX	- 0.65	VAADX
XAVKX	- 0.5	FSAWX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VAADX	0.67	(0.07)	0.00	(0.19)	0.00	1.13	(1.60)	3.27
FSAWX	0.08	0.04	1.09	(1.82)	(0.14)	0.19	(0.10)	0.38
XAVKX	0.53	(0.04)	0.00	(0.17)	0.00	0.90	(1.14)	2.56
PCNTX	0.64	(0.06)	0.00	(0.16)	0.00	1.07	(1.68)	3.46
GCV	0.92	0.01	0.00	(0.05)	0.00	2.17	(2.14)	6.16
CCD	0.77	(0.08)	0.00	(0.26)	0.00	1.41	(1.67)	7.13

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