Steward Large Correlations

SJGAX Fund

USD 28.61 0.09 0.32%

The current 90-days correlation between Steward Large Cap and Transamerica Mlp Energy is 0.47 (i.e., Very weak 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 0.51 (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 nation.

Moving together with Steward Mutual Fund

0.97	SSMOX	Steward Small Mid	Pair Corr
0.98	SCECX	Steward Small Mid	Pair Corr
0.96	SCJAX	Steward Ered Call	Pair Corr
0.96	SCJCX	Steward Ered Call	Pair Corr
0.96	SEECX	Steward Large Cap	Pair Corr
0.94	SEEHX	Steward Large Cap	Pair Corr
0.96	SEEKX	Steward Large Cap	Pair Corr
0.93	SJCIX	Steward Funds	Pair Corr
0.93	SJCAX	Steward Large Cap	Pair Corr
1.0	SJGIX	Steward Large Cap	Pair Corr
0.67	SJVAX	Steward Funds -	Pair Corr
0.83	SJVIX	Steward Funds	Pair Corr
0.98	TRDFX	Steward Small Mid	Pair Corr
0.93	FAFGX	American Funds	Pair Corr
0.93	FFAFX	American Funds	Pair Corr
0.93	GFACX	Growth Fund	Pair Corr
0.93	GFAFX	Growth Fund	Pair Corr
0.87	AGTHX	Growth Fund	Pair Corr
0.93	CGFFX	Growth Fund	Pair Corr
0.93	CGFCX	Growth Fund	Pair Corr
0.93	CGFAX	Growth Fund	Pair Corr
0.93	CGFEX	Growth Fund	Pair Corr
0.93	RGAEX	Growth Fund	Pair Corr

Moving against Steward Mutual Fund

0.56	SEACX	Steward Select Bond	Pair Corr
0.56	SEAKX	Steward Select Bond	Pair Corr
0.75	SMNAX	Steward Equity Market	Pair Corr
0.75	SMNIX	Crossmark Steward Equity	Pair Corr
0.54	PFN	Pimco Income Strategy	Pair Corr
0.77	VSGDX	Vanguard Short Term	Pair Corr
0.76	PSDNX	Putnam Ultra Short	Pair Corr

Related Correlations Analysis

	TMLAX	FIKAX	GRHAX	SEPIX	INRSX	TMCLX	ALEFX
TMLAX		0.9	0.75	0.9	0.82	1.0	0.99	TMLAX
FIKAX	0.9		0.89	0.9	0.94	0.9	0.87	FIKAX
GRHAX	0.75	0.89		0.77	0.93	0.76	0.73	GRHAX
SEPIX	0.9	0.9	0.77		0.86	0.89	0.88	SEPIX
INRSX	0.82	0.94	0.93	0.86		0.82	0.77	INRSX
TMCLX	1.0	0.9	0.76	0.89	0.82		0.99	TMCLX
ALEFX	0.99	0.87	0.73	0.88	0.77	0.99		ALEFX
	TMLAX	FIKAX	GRHAX	SEPIX	INRSX	TMCLX	ALEFX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TMLAX	1.00	0.12	0.10	0.13	1.27	(1.10)	1.88	(2.24)	6.23
FIKAX	1.03	0.08	0.06	0.05	1.55	(0.96)	1.80	(2.57)	6.59
GRHAX	1.18	0.05	0.04	0.01	1.89	(1.08)	2.46	(3.31)	8.53
SEPIX	0.75	0.05	0.07	0.02	1.04	(0.77)	1.44	(1.79)	4.34
INRSX	0.94	0.03	0.00	(0.03)	0.00	0.00	1.70	(2.07)	5.43
TMCLX	1.01	0.12	0.10	0.13	1.28	(1.10)	1.88	(2.24)	6.34
ALEFX	0.98	0.14	0.11	0.16	1.29	(1.03)	1.96	(2.27)	6.21

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