Steward Global Correlations

Mutual Funds . USA . 
Fund . Steward Global E
SGIDX Fund  USD 33.72  0.17  0.50%   
The current 90-days correlation between Steward Global E and Steward Large Cap is 0.86 (i.e., Very poor diversification). The correlation of Steward Global 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 Global Correlation With Market

Poor diversification

The correlation between Steward Global E and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Global E 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 Global E. 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 unemployment.

Moving together with Steward Mutual Fund

  1.0SGIGX Steward Global EquityPairCorr
  1.0SGIFX Steward Global EquityPairCorr
  1.0SGISX Stewart Global EquityPairCorr
  0.69SJVAX Steward FundsPairCorr
  0.63SJVIX Steward FundsPairCorr
  0.7SNTCX Steward InternationalPairCorr
  0.62SNTFX Steward InternationalPairCorr
  0.61SNTKX Steward InternationalPairCorr
  0.73TEDRX Franklin Mutual GlobalPairCorr
  0.74FMDRX Franklin Mutual GlobalPairCorr
  0.76DOXWX Dodge Cox GlobalPairCorr
  0.76DODWX Dodge Global StockPairCorr
  0.83TRZRX T Rowe PricePairCorr
  0.74TEDIX Franklin Mutual GlobalPairCorr
  0.74MDISX Franklin Mutual GlobalPairCorr
  0.65TEDSX Franklin Mutual GlobalPairCorr
  0.86PRAFX T Rowe PricePairCorr
  0.87BEGRX Franklin Mutual BeaconPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

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