Steward Funds Correlations

SJVAX Fund

USD 32.46 0.07 0.22%

The current 90-days correlation between Steward Funds and Allianzgi Convertible Income is 0.19 (i.e., Average 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

Significant diversification

The correlation between Steward Funds and DJI is 0.08 (i.e., Significant 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steward Funds . Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Steward Mutual Fund

0.98	VVIAX	Vanguard Value Index	Pair Corr
0.97	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.89	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.89	AMRMX	American Mutual	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.88	AMFCX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.98	VIVAX	Vanguard Value Index	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.81	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	DIS	Walt Disney Sell-off Trend	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.75	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Moving against Steward Mutual Fund

0.38

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	XNCVX	PBXIX	AVK	ARBOX	PRCCX
XNCVX		0.97	0.64	0.88	0.97	XNCVX
PBXIX	0.97		0.53	0.93	0.99	PBXIX
AVK	0.64	0.53		0.32	0.51	AVK
ARBOX	0.88	0.93	0.32		0.95	ARBOX
PRCCX	0.97	0.99	0.51	0.95		PRCCX
	XNCVX	PBXIX	AVK	ARBOX	PRCCX

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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
XNCVX	0.47	0.07	0.03	0.24	0.40	(0.61)	1.08	(0.80)	2.41
PBXIX	0.31	0.04	(0.09)	0.21	0.00	(0.40)	0.87	(0.55)	1.94
AVK	0.65	0.04	(0.06)	0.27	0.79	(0.77)	1.43	(1.03)	5.25
ARBOX	0.04	0.02	0.00	3.13	0.00	0.00	0.09	0.00	0.26
PRCCX	0.38	0.07	0.01	0.26	0.16	(0.46)	0.98	(0.70)	1.94

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