Steward Large Correlations

Mutual Funds . USA . 
Fund . Steward Large Cap
SEEKX Fund  USD 37.09  0.21  0.57%   
The current 90-days correlation between Steward Large Cap and Steward Small Mid Cap is 0.89 (i.e., Very poor 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

Poor diversification

The correlation between Steward Large Cap and DJI is 0.79 (i.e., 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 industry.

Moving together with Steward Mutual Fund

  0.82SSMOX Steward Small MidPairCorr
  0.81SCECX Steward Small MidPairCorr
  0.67SCJCX Steward Ered CallPairCorr
  0.68SCJIX Steward Ered CallPairCorr
  0.68SEACX Steward Select BondPairCorr
  0.85SEECX Steward Large CapPairCorr
  0.7SEEHX Steward Large CapPairCorr
  0.83SGIDX Steward Global EPairCorr
  0.64SGIGX Steward Global EquityPairCorr
  0.64SGIFX Steward Global EquityPairCorr
  0.66SJCIX Steward FundsPairCorr
  0.66SJCAX Steward Large CapPairCorr
  0.66SJCRX Steward Large CapPairCorr
  0.68SJGIX Steward Large CapPairCorr
  0.99SJGAX Steward Large CapPairCorr
  0.65SJVAX Steward FundsPairCorr
  0.64SJVIX Steward FundsPairCorr
  0.98TRDFX Steward Small MidPairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.69VITSX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr
  0.7VSTSX Vanguard Total StockPairCorr
  0.69VFINX Vanguard 500 IndexPairCorr
  0.7VFFSX Vanguard 500 IndexPairCorr
  0.69VINIX Vanguard InstitutionalPairCorr
  0.69VIIIX Vanguard InstitutionalPairCorr

Moving against Steward Mutual Fund

  0.54SMNIX Crossmark Steward EquityPairCorr
  0.51SMNAX Steward Equity MarketPairCorr
  0.64USPSX Profunds UltrashortPairCorr
  0.64USPIX Profunds UltrashortPairCorr
  0.61UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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