Steward International Correlations

SNTCX Fund  USD 25.86  0.02  0.08%   
The current 90-days correlation between Steward International and Steward Large Cap is 0.02 (i.e., Significant diversification). The correlation of Steward International 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 International Correlation With Market

Weak diversification

The correlation between Steward International Enhanced and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward International Enhanced 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 International Enhanced. 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 main economic indicators.

Moving together with Steward Mutual Fund

  0.9SNTFX Steward InternationalPairCorr
  1.0SNTKX Steward InternationalPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.76VTMGX Vanguard DevelopedPairCorr
  0.83VDVIX Vanguard DevelopedPairCorr
  0.76VTMNX Vanguard DevelopedPairCorr

Moving against Steward Mutual Fund

  0.34CLM Cornerstone StrategicPairCorr

Related Correlations Analysis

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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   
SGIDXSEEKX
SGIDXSNTFX
SNTFXSEEKX
  
High negative correlations   
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Risk-Adjusted Indicators

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