Steward Global Correlations

SGIFX Fund

USD 37.01 0.20 0.54%

The current 90-days correlation between Steward Global Equity and Advent Claymore Convertible is 0.08 (i.e., Significant diversification). The correlation of Steward Global 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 Global Correlation With Market

Poor diversification

The correlation between Steward Global Equity and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Global Equity 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 Global Equity. 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 census.

Moving together with Steward Mutual Fund

0.66	SSMOX	Steward Small Mid	Pair Corr
0.66	SCECX	Steward Small Mid	Pair Corr
0.8	SCJAX	Steward Ered Call	Pair Corr
0.81	SCJCX	Steward Ered Call	Pair Corr
0.75	SCJIX	Steward Ered Call	Pair Corr
0.74	SEECX	Steward Large Cap	Pair Corr
0.74	SEEHX	Steward Large Cap	Pair Corr
0.74	SEEKX	Steward Large Cap	Pair Corr
1.0	SGIDX	Steward Global E	Pair Corr
1.0	SGIGX	Steward Global Equity	Pair Corr
1.0	SGISX	Stewart Global Equity	Pair Corr
0.7	SJCIX	Steward Funds	Pair Corr
0.7	SJCAX	Steward Large Cap	Pair Corr
0.7	SJCRX	Steward Large Cap	Pair Corr
0.68	SJGIX	Steward Large Cap	Pair Corr
0.69	SJGAX	Steward Large Cap	Pair Corr
0.69	SJVAX	Steward Funds	Pair Corr
0.69	SJVIX	Steward Funds	Pair Corr
0.66	TRDFX	Steward Small Mid	Pair Corr
0.66	TEDRX	Franklin Mutual Global	Pair Corr
0.69	FMDRX	Franklin Mutual Global	Pair Corr
0.83	DOXWX	Dodge Cox Global	Pair Corr
0.83	DODWX	Dodge Global Stock	Pair Corr
0.83	TRZRX	T Rowe Price	Pair Corr
0.67	TEDIX	Franklin Mutual Global	Pair Corr
0.69	MDISX	Franklin Mutual Global	Pair Corr
0.64	TEDSX	Franklin Mutual Global	Pair Corr

Moving against Steward Mutual Fund

0.36

Korea Closed

Pair Corr

Related Correlations Analysis

	AVK	VAADX	XNCVX	PBXCX	LCFYX
AVK		0.61	0.64	0.52	0.64	AVK
VAADX	0.61		1.0	0.97	0.99	VAADX
XNCVX	0.64	1.0		0.97	0.99	XNCVX
PBXCX	0.52	0.97	0.97		0.97	PBXCX
LCFYX	0.64	0.99	0.99	0.97		LCFYX
	AVK	VAADX	XNCVX	PBXCX	LCFYX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Global 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 Global'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
AVK	0.65	0.04	(0.06)	0.27	0.79	(0.77)	1.43	(1.03)	5.25
VAADX	0.43	0.09	0.07	0.29	0.18	(0.53)	1.09	(0.84)	2.28
XNCVX	0.47	0.07	0.03	0.24	0.40	(0.61)	1.08	(0.80)	2.41
PBXCX	0.31	0.03	(0.10)	0.20	0.00	(0.39)	0.88	(0.56)	1.96
LCFYX	0.37	0.09	0.04	0.32	0.00	(0.45)	1.01	(0.69)	2.22

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