Stewart Global Correlations

SGISX Fund

USD 34.93 0.31 0.88%

The current 90-days correlation between Stewart Global Equity and Steward Small Mid Cap is -0.01 (i.e., Good diversification). The correlation of Stewart 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.

Stewart Global Correlation With Market

Significant diversification

The correlation between Stewart Global Equity and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stewart Global Equity 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 Stewart Global Equity. 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 state.

Moving together with Stewart Mutual Fund

0.62	SSMOX	Steward Small Mid	Pair Corr
0.69	SEECX	Steward Large Cap	Pair Corr
0.69	SEEHX	Steward Large Cap	Pair Corr
0.89	SGIFX	Steward Global Equity	Pair Corr
0.66	SJCAX	Steward Large Cap	Pair Corr
0.64	SJCRX	Steward Large Cap	Pair Corr
0.63	SJGIX	Steward Large Cap	Pair Corr
0.63	SJGAX	Steward Large Cap	Pair Corr
0.69	SJVAX	Steward Funds	Pair Corr
0.69	SJVIX	Steward Funds	Pair Corr

Moving against Stewart Mutual Fund

0.37

PQTAX

Pimco Trends Managed

Pair Corr

Related Correlations Analysis

	SCECX	SEECX	SNTCX	SEACX	CHYYX
SCECX		0.72	-0.44	-0.48	0.67	SCECX
SEECX	0.72		-0.31	-0.59	0.37	SEECX
SNTCX	-0.44	-0.31		0.63	-0.01	SNTCX
SEACX	-0.48	-0.59	0.63		0.16	SEACX
CHYYX	0.67	0.37	-0.01	0.16		CHYYX
	SCECX	SEECX	SNTCX	SEACX	CHYYX

Click cells to compare fundamentals

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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

SEECX	+ 0.72	SCECX
CHYYX	+ 0.67	SCECX
SEACX	+ 0.63	SNTCX
CHYYX	+ 0.37	SEECX
CHYYX	+ 0.16	SEACX

High negative correlations

SEACX	- 0.59	SEECX
SEACX	- 0.48	SCECX
SNTCX	- 0.44	SCECX
SNTCX	- 0.31	SEECX
CHYYX	- 0.01	SNTCX

Risk-Adjusted Indicators

There is a big difference between Stewart Mutual Fund performing well and Stewart 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 Stewart 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCECX	0.74	0.03	0.07	0.14	0.47	(0.96)	1.86	(1.15)	5.96
SEECX	0.47	0.13	0.05	1.44	0.33	(0.56)	1.07	(0.96)	3.58
SNTCX	0.54	0.02	(0.11)	(1.69)	0.69	(0.67)	1.30	(1.19)	4.47
SEACX	0.17	(0.02)	0.00	5.17	0.00	0.00	0.36	(0.49)	1.08
CHYYX	0.11	0.01	(0.60)	0.32	0.00	(0.17)	0.27	(0.18)	0.82

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