Steward Large Correlations

Mutual Funds USA . 
Fund . Steward Large Cap
SEEHX Fund  USD 29.02  0.25  0.87%   
The current 90-days correlation between Steward Large Cap and Tiaa Cref Small Cap Blend is 0.57 (i.e., Very weak 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

Almost no diversification

The correlation between Steward Large Cap and DJI is 0.97 (i.e., Almost no 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

  0.98SSMOX Steward Small MidPairCorr
  0.98SCECX Steward Small MidPairCorr
  0.98SCJAX Steward Ered CallPairCorr
  0.99SCJCX Steward Ered CallPairCorr
  0.99SCJIX Steward Ered CallPairCorr
  0.61SEACX Steward Select BondPairCorr
  1.0SEECX Steward Large CapPairCorr
  1.0SEEKX Steward Large CapPairCorr
  0.99SGIDX Steward Global EPairCorr
  0.99SGIGX Steward Global EquityPairCorr
  0.99SGIFX Steward Global EquityPairCorr
  0.99SGISX Stewart Global EquityPairCorr
  0.99SJCIX Steward FundsPairCorr
  0.99SJCAX Steward Large CapPairCorr
  0.99SJCRX Steward Large CapPairCorr
  1.0SJGIX Steward Large CapPairCorr
  1.0SJGAX Steward Large CapPairCorr
  0.98SJVAX Steward FundsPairCorr
  0.98SJVIX Steward FundsPairCorr
  0.98TRDFX Steward Small MidPairCorr
  0.96SNTCX Steward InternationalPairCorr
  0.96SNTFX Steward InternationalPairCorr
  0.96SNTKX Steward InternationalPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr

Moving against Steward Mutual Fund

  0.4SMNAX Steward Equity MarketPairCorr
  0.4SMNIX Crossmark Steward EquityPairCorr

Related Correlations Analysis

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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.

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