Steward Large Correlations

SEECX Fund  USD 32.94  0.08  0.24%   
The current 90-days correlation between Steward Large Cap and Vanguard Small Cap Value is 0.68 (i.e., Poor diversification). The correlation of Steward Large 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 Large Correlation With Market

Very weak diversification

The correlation between Steward Large Cap and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Large 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 Large 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 main economic indicators.

Moving together with Steward Mutual Fund

  0.95SSMOX Steward Small MidPairCorr
  0.95SCECX Steward Small MidPairCorr
  1.0SCJAX Steward Ered CallPairCorr
  0.99SCJCX Steward Ered CallPairCorr
  0.99SCJIX Steward Ered CallPairCorr
  0.99SEEHX Steward Large CapPairCorr
  1.0SEEKX Steward Large CapPairCorr
  0.87SJCIX Steward FundsPairCorr
  0.88SJCAX Steward Large CapPairCorr
  0.88SJCRX Steward Large CapPairCorr
  0.92SJGIX Steward Large CapPairCorr
  0.92SJGAX Steward Large CapPairCorr
  0.7SJVAX Steward FundsPairCorr
  0.94SJVIX Steward FundsPairCorr
  0.95TRDFX Steward Small MidPairCorr
  0.82VTSAX Vanguard Total StockPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.82VTSMX Vanguard Total StockPairCorr
  0.83VITSX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.82VSTSX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.86VINIX Vanguard InstitutionalPairCorr
  0.86VIIIX Vanguard InstitutionalPairCorr

Moving against Steward Mutual Fund

  0.62SMNAX Steward Equity MarketPairCorr
  0.63SMNIX Crossmark Steward EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Large 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 Large'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.