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

0.95	SSMOX	Steward Small Mid	Pair Corr
0.95	SCECX	Steward Small Mid	Pair Corr
1.0	SCJAX	Steward Ered Call	Pair Corr
0.99	SCJCX	Steward Ered Call	Pair Corr
0.99	SCJIX	Steward Ered Call	Pair Corr
0.99	SEEHX	Steward Large Cap	Pair Corr
1.0	SEEKX	Steward Large Cap	Pair Corr
0.87	SJCIX	Steward Funds	Pair Corr
0.88	SJCAX	Steward Large Cap	Pair Corr
0.88	SJCRX	Steward Large Cap	Pair Corr
0.92	SJGIX	Steward Large Cap	Pair Corr
0.92	SJGAX	Steward Large Cap	Pair Corr
0.7	SJVAX	Steward Funds	Pair Corr
0.94	SJVIX	Steward Funds	Pair Corr
0.95	TRDFX	Steward Small Mid	Pair Corr
0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.83	VITSX	Vanguard Total Stock	Pair Corr
0.83	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr

Moving against Steward Mutual Fund

0.62	SMNAX	Steward Equity Market	Pair Corr
0.63	SMNIX	Crossmark Steward Equity	Pair Corr

Related Correlations Analysis

	VISVX	PVCMX	RYTRX	WBVNX	FCPVX	RSPMX
VISVX		0.35	0.88	0.87	0.99	0.92	VISVX
PVCMX	0.35		0.52	0.64	0.35	0.53	PVCMX
RYTRX	0.88	0.52		0.93	0.87	0.89	RYTRX
WBVNX	0.87	0.64	0.93		0.87	0.88	WBVNX
FCPVX	0.99	0.35	0.87	0.87		0.91	FCPVX
RSPMX	0.92	0.53	0.89	0.88	0.91		RSPMX
	VISVX	PVCMX	RYTRX	WBVNX	FCPVX	RSPMX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VISVX	0.82	(0.09)	(0.17)	1.38	(2.05)	3.80
PVCMX	0.19	(0.06)	1.53	0.33	(0.33)	2.87
RYTRX	0.89	(0.23)	1.53	1.19	(2.29)	5.13
WBVNX	0.91	(0.25)	1.59	1.42	(2.09)	4.42
FCPVX	0.85	(0.10)	(0.18)	1.53	(2.21)	4.29
RSPMX	0.86	(0.15)	(0.24)	1.31	(1.88)	5.64

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