Steward Funds Correlations
| SJVIX Fund | USD 28.00 0.11 0.39% |
The current 90-days correlation between Steward Funds and Fidelity Government Money is -0.1 (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 0.83 (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.
Steward |
Moving together with Steward Mutual Fund
| 0.77 | SSMOX | Steward Small Mid | PairCorr |
| 0.77 | SCECX | Steward Small Mid | PairCorr |
| 0.89 | SCJAX | Steward Ered Call | PairCorr |
| 0.79 | SCJCX | Steward Ered Call | PairCorr |
| 0.89 | SCJIX | Steward Ered Call | PairCorr |
| 0.9 | SEECX | Steward Large Cap | PairCorr |
| 0.9 | SEEHX | Steward Large Cap | PairCorr |
| 0.81 | SEEKX | Steward Large Cap | PairCorr |
| 0.68 | SGIDX | Steward Global E | PairCorr |
| 0.68 | SGIGX | Steward Global Equity | PairCorr |
| 0.68 | SGIFX | Steward Global Equity | PairCorr |
| 0.65 | SGISX | Stewart Global Equity | PairCorr |
| 0.89 | SJCIX | Steward Funds | PairCorr |
| 0.89 | SJCRX | Steward Large Cap | PairCorr |
| 0.77 | SJGIX | Steward Large Cap | PairCorr |
| 0.92 | SJVAX | Steward Funds | PairCorr |
| 0.77 | TRDFX | Steward Small Mid | PairCorr |
| 0.87 | VVIAX | Vanguard Value Index | PairCorr |
| 0.77 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.82 | AFMFX | American Mutual | PairCorr |
| 0.82 | FFMMX | American Funds American | PairCorr |
| 0.82 | FFFMX | American Funds American | PairCorr |
| 0.82 | AMRMX | American Mutual | PairCorr |
| 0.83 | AMFFX | American Mutual | PairCorr |
| 0.64 | AMFCX | American Mutual | PairCorr |
| 0.77 | DODGX | Dodge Stock Fund | PairCorr |
| 0.87 | VIVAX | Vanguard Value Index | PairCorr |
Moving against Steward Mutual Fund
| 0.48 | SMNIX | Crossmark Steward Equity | PairCorr |
| 0.37 | SMNAX | Steward Equity Market | PairCorr |
| 0.82 | USPSX | Profunds Ultrashort | PairCorr |
| 0.82 | USPIX | Profunds Ultrashort | PairCorr |
| 0.79 | UIPIX | Ultrashort Mid Cap | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PFCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0P000070L2 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPAXX | 0.03 | 0.00 | 0.00 | (0.39) | 0.00 | 0.00 | 1.01 | |||
| AEAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 0P000070L2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |