Steward Large Correlations

Mutual Funds . USA . 
Fund . Steward Large Cap
SJGAX Fund  USD 32.56  0.40  1.24%   
The current 90-days correlation between Steward Large Cap and Live Oak Health is 0.72 (i.e., 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

Almost no diversification

The correlation between Steward Large Cap and DJI is 0.95 (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 nation.

Moving together with Steward Mutual Fund

  0.97SSMOX Steward Small MidPairCorr
  0.97SCJAX Steward Ered CallPairCorr
  0.98SCJCX Steward Ered CallPairCorr
  0.98SCJIX Steward Ered CallPairCorr
  1.0SEECX Steward Large CapPairCorr
  1.0SEEHX Steward Large CapPairCorr
  1.0SEEKX Steward Large CapPairCorr
  0.98SGIGX Steward Global EquityPairCorr
  0.98SGIFX Steward Global EquityPairCorr
  0.99SJCIX Steward FundsPairCorr
  0.99SJCAX Steward Large CapPairCorr
  0.99SJCRX Steward Large CapPairCorr
  1.0SJGIX Steward Large CapPairCorr
  0.97SJVAX Steward FundsPairCorr
  0.97SJVIX Steward FundsPairCorr
  0.97TRDFX Steward Small MidPairCorr
  0.96SNTCX Steward InternationalPairCorr
  0.96SNTFX Steward InternationalPairCorr
  0.96SNTKX Steward InternationalPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.75FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr

Moving against Steward Mutual Fund

  0.36SMNAX Steward Equity MarketPairCorr
  0.35SMNIX 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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