Steward Select Correlations
SEAAX Fund | USD 24.64 0.00 0.00% |
The correlation of Steward Select 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.
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Moving together with Steward Mutual Fund
Moving against Steward Mutual Fund
Related Correlations Analysis
0.82 | 0.82 | 0.99 | 0.98 | 0.93 | 0.95 | LMUSX | ||
0.82 | 0.91 | 0.81 | 0.84 | 0.68 | 0.77 | RHSAX | ||
0.82 | 0.91 | 0.79 | 0.84 | 0.71 | 0.74 | RALCX | ||
0.99 | 0.81 | 0.79 | 0.96 | 0.92 | 0.96 | VOLMX | ||
0.98 | 0.84 | 0.84 | 0.96 | 0.9 | 0.9 | IAFLX | ||
0.93 | 0.68 | 0.71 | 0.92 | 0.9 | 0.9 | LIOTX | ||
0.95 | 0.77 | 0.74 | 0.96 | 0.9 | 0.9 | PRNHX | ||
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Risk-Adjusted Indicators
There is a big difference between Steward Mutual Fund performing well and Steward Select 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 Select'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LMUSX | 0.60 | 0.03 | 0.02 | 0.17 | 0.72 | 1.28 | 4.08 | |||
RHSAX | 0.91 | (0.12) | (0.05) | 0.04 | 1.34 | 1.97 | 7.38 | |||
RALCX | 0.43 | (0.03) | (0.13) | 0.07 | 0.53 | 0.76 | 2.81 | |||
VOLMX | 0.60 | 0.00 | (0.01) | 0.13 | 0.58 | 1.14 | 4.49 | |||
IAFLX | 0.75 | 0.01 | (0.01) | 0.14 | 1.01 | 1.72 | 4.92 | |||
LIOTX | 0.63 | 0.07 | 0.03 | 0.24 | 0.69 | 1.25 | 3.54 | |||
PRNHX | 0.76 | 0.04 | 0.05 | 0.16 | 0.96 | 1.80 | 6.84 |