Steward Global Correlations

Mutual Funds . USA . 
Fund . Steward Global E
SGIDX Fund  USD 36.34  0.07  0.19%   
The current 90-days correlation between Steward Global E and Steward Large Cap is -0.05 (i.e., Good 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

Good diversification

The correlation between Steward Global E and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Global E 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 E. 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 unemployment.

Moving together with Steward Mutual Fund

  0.98SSMOX Steward Small MidPairCorr
  0.98SCECX Steward Small MidPairCorr
  0.83SCJAX Steward Ered CallPairCorr
  0.8SCJCX Steward Ered CallPairCorr
  0.8SCJIX Steward Ered CallPairCorr
  0.99SEECX Steward Large CapPairCorr
  0.79SEEHX Steward Large CapPairCorr
  0.83SEEKX Steward Large CapPairCorr
  0.78SGIGX Steward Global EquityPairCorr
  0.78SGIFX Steward Global EquityPairCorr
  1.0SGISX Stewart Global EquityPairCorr
  0.8SJCIX Steward FundsPairCorr
  0.8SJCAX Steward Large CapPairCorr
  0.8SJCRX Steward Large CapPairCorr
  0.8SJGIX Steward Large CapPairCorr
  0.83SJGAX Steward Large CapPairCorr
  0.76SJVAX Steward FundsPairCorr
  0.78SJVIX Steward FundsPairCorr
  0.81TRDFX Steward Small MidPairCorr
  0.7SNTCX Steward InternationalPairCorr
  0.66SNTFX Steward InternationalPairCorr
  0.66SNTKX Steward InternationalPairCorr
  0.74TEDRX Franklin Mutual GlobalPairCorr
  0.75FMDRX Franklin Mutual GlobalPairCorr
  0.99DOXWX Dodge Cox GlobalPairCorr
  0.76DODWX Dodge Global StockPairCorr
  0.78TRZRX T Rowe PricePairCorr
  0.75TEDIX Franklin Mutual GlobalPairCorr
  0.99MDISX Franklin Mutual GlobalPairCorr
  0.75TEDSX Franklin Mutual GlobalPairCorr
  0.77PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr

Moving against Steward Mutual Fund

  0.45SMNAX Steward Equity MarketPairCorr
  0.48SMNIX Crossmark Steward EquityPairCorr

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 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.

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