Steward Large Correlations

SEEHX Fund

USD 30.57 0.17 0.56%

The current 90-days correlation between Steward Large Cap and Lind Capital Partners is -0.16 (i.e., Good 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 poor diversification

The correlation between Steward Large Cap 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 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 rate.

Moving together with Steward Mutual Fund

0.94	SSMOX	Steward Small Mid	Pair Corr
0.94	SCECX	Steward Small Mid	Pair Corr
0.98	SCJAX	Steward Ered Call	Pair Corr
0.98	SCJCX	Steward Ered Call	Pair Corr
0.99	SCJIX	Steward Ered Call	Pair Corr
1.0	SEECX	Steward Large Cap	Pair Corr
1.0	SEEKX	Steward Large Cap	Pair Corr
0.76	SGIDX	Steward Global E	Pair Corr
0.76	SGIGX	Steward Global Equity	Pair Corr
0.74	SGIFX	Steward Global Equity	Pair Corr
0.76	SGISX	Stewart Global Equity	Pair Corr
0.99	SJCIX	Steward Funds	Pair Corr
0.98	SJCAX	Steward Large Cap	Pair Corr
0.99	SJCRX	Steward Large Cap	Pair Corr
0.99	SJGIX	Steward Large Cap	Pair Corr
0.99	SJGAX	Steward Large Cap	Pair Corr
0.95	SJVAX	Steward Funds	Pair Corr
0.95	SJVIX	Steward Funds	Pair Corr
0.94	TRDFX	Steward Small Mid	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
1.0	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
1.0	VFINX	Vanguard 500 Index	Pair Corr
1.0	VFFSX	Vanguard 500 Index	Pair Corr
1.0	VINIX	Vanguard Institutional	Pair Corr
1.0	VIIIX	Vanguard Institutional	Pair Corr

Moving against Steward Mutual Fund

0.75	SMNAX	Steward Equity Market	Pair Corr
0.75	SMNIX	Crossmark Steward Equity	Pair Corr
0.66	SEACX	Steward Select Bond	Pair Corr
0.66	SEAKX	Steward Select Bond	Pair Corr
0.68	PFHCX	Pacific Funds Small	Pair Corr
0.35	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	LCPMX	BBIIX	PATFX	FYMNX	TWTIX	GABTX	TFGXX
LCPMX		0.58	0.71	0.8	0.59	0.48	0.46	LCPMX
BBIIX	0.58		0.95	0.9	0.99	-0.22	-0.3	BBIIX
PATFX	0.71	0.95		0.92	0.96	-0.02	-0.12	PATFX
FYMNX	0.8	0.9	0.92		0.91	0.07	-0.06	FYMNX
TWTIX	0.59	0.99	0.96	0.91		-0.22	-0.3	TWTIX
GABTX	0.48	-0.22	-0.02	0.07	-0.22		0.75	GABTX
TFGXX	0.46	-0.3	-0.12	-0.06	-0.3	0.75		TFGXX
	LCPMX	BBIIX	PATFX	FYMNX	TWTIX	GABTX	TFGXX

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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

TWTIX	+ 0.99	BBIIX
TWTIX	+ 0.96	PATFX
PATFX	+ 0.95	BBIIX
FYMNX	+ 0.92	PATFX
TWTIX	+ 0.91	FYMNX
FYMNX	+ 0.9	BBIIX

High negative correlations

TFGXX	- 0.3	TWTIX
TFGXX	- 0.3	BBIIX
GABTX	- 0.22	TWTIX
GABTX	- 0.22	BBIIX
TFGXX	- 0.12	PATFX
TFGXX	- 0.06	FYMNX

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
LCPMX	0.16	0.04	(0.19)	(0.36)	0.16	(0.23)	0.45	(0.34)	2.03
BBIIX	0.12	0.01	(0.43)	(0.06)	0.14	(0.18)	0.29	(0.29)	1.17
PATFX	0.16	0.02	(0.25)	(0.12)	0.21	(0.24)	0.44	(0.35)	1.69
FYMNX	0.14	0.03	(0.30)	(0.17)	0.14	(0.21)	0.37	(0.28)	1.40
TWTIX	0.12	0.01	(0.37)	(0.04)	0.15	(0.17)	0.28	(0.28)	1.12
GABTX	0.50	0.05	(0.04)	0.23	0.45	(0.57)	1.09	(1.00)	3.00
TFGXX	0.03	0.01	0.00	(2.04)	0.00	0.00	0.00	0.00	1.01

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