Steward Funds Correlations

SJCIX Fund

USD 29.06 0.10 0.34%

The current 90-days correlation between Steward Funds and Virtus Seix Government is -0.19 (i.e., Good diversification). The correlation of Steward Funds 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 Funds Correlation With Market

Very poor diversification

The correlation between Steward Funds and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Funds 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 Funds . 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 gross domestic product.

Moving together with Steward Mutual Fund

0.93	SSMOX	Steward Small Mid	Pair Corr
0.93	SCECX	Steward Small Mid	Pair Corr
0.99	SCJAX	Steward Ered Call	Pair Corr
0.91	SCJCX	Steward Ered Call	Pair Corr
0.99	SCJIX	Steward Ered Call	Pair Corr
0.99	SEECX	Steward Large Cap	Pair Corr
0.99	SEEHX	Steward Large Cap	Pair Corr
0.99	SEEKX	Steward Large Cap	Pair Corr
1.0	SJCAX	Steward Large Cap	Pair Corr
1.0	SJCRX	Steward Large Cap	Pair Corr
0.97	SJGIX	Steward Large Cap	Pair Corr
0.97	SJGAX	Steward Large Cap	Pair Corr
0.9	SJVAX	Steward Funds	Pair Corr
0.89	SJVIX	Steward Funds	Pair Corr
0.93	TRDFX	Steward Small Mid	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.99	VIIIX	Vanguard Institutional	Pair Corr

Moving against Steward Mutual Fund

0.71	SMNIX	Crossmark Steward Equity	Pair Corr
0.7	SMNAX	Steward Equity Market	Pair Corr
0.47	SEAKX	Steward Select Bond	Pair Corr
0.54	PRAPX	Pimco Total Return	Pair Corr
0.42	WLATTX	Wlattx	Pair Corr
0.35	SNTCX	Steward International	Pair Corr
0.34	SNTFX	Steward International	Pair Corr
0.34	SNTKX	Steward International	Pair Corr
0.32	VEMAX	Vanguard Emerging Markets	Pair Corr

Related Correlations Analysis

	SSAGX	CGTCX	RGVAX	DCCGX	AUNCX	EQCDX	AMHIX	GCMVX
SSAGX		0.59	0.9	0.62	0.61	-0.19	0.67	0.71	SSAGX
CGTCX	0.59		0.81	0.97	0.65	-0.06	0.86	0.88	CGTCX
RGVAX	0.9	0.81		0.83	0.62	-0.11	0.81	0.82	RGVAX
DCCGX	0.62	0.97	0.83		0.74	-0.19	0.9	0.91	DCCGX
AUNCX	0.61	0.65	0.62	0.74		-0.62	0.87	0.87	AUNCX
EQCDX	-0.19	-0.06	-0.11	-0.19	-0.62		-0.37	-0.32	EQCDX
AMHIX	0.67	0.86	0.81	0.9	0.87	-0.37		0.99	AMHIX
GCMVX	0.71	0.88	0.82	0.91	0.87	-0.32	0.99		GCMVX
	SSAGX	CGTCX	RGVAX	DCCGX	AUNCX	EQCDX	AMHIX	GCMVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GCMVX	+ 0.99	AMHIX
DCCGX	+ 0.97	CGTCX
GCMVX	+ 0.91	DCCGX
RGVAX	+ 0.9	SSAGX
AMHIX	+ 0.9	DCCGX
GCMVX	+ 0.88	CGTCX

High negative correlations

EQCDX	- 0.62	AUNCX
AMHIX	- 0.37	EQCDX
GCMVX	- 0.32	EQCDX
EQCDX	- 0.19	DCCGX
EQCDX	- 0.19	SSAGX
EQCDX	- 0.11	RGVAX

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Funds 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 Funds' 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
SSAGX	0.06	0.01	0.71	(0.90)	0.00	(0.16)	0.10	(0.10)	0.51
CGTCX	0.24	0.05	0.35	0.80	0.13	(0.29)	0.61	(0.42)	1.56
RGVAX	0.25	0.03	0.27	0.65	0.22	(0.31)	0.60	(0.43)	1.56
DCCGX	0.19	0.03	0.43	0.52	0.00	(0.26)	0.41	(0.33)	1.23
AUNCX	0.10	0.02	0.41	1.09	0.00	(0.15)	0.28	(0.28)	0.74
EQCDX	0.07	0.03	0.00	2.30	0.00	0.00	0.32	(0.11)	0.32
AMHIX	0.18	0.02	0.28	0.30	0.17	(0.21)	0.40	(0.46)	1.12
GCMVX	0.09	0.01	0.42	0.18	0.00	(0.14)	0.20	(0.20)	0.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC