Steward Large Correlations

SJGIX Fund  USD 32.81  0.10  0.31%   
The current 90-days correlation between Steward Large Cap and Steward Small Mid Cap is 0.82 (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

Very poor diversification

The correlation between Steward Large Cap and DJI is 0.86 (i.e., Very 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 gross domestic product.

Moving together with Steward Mutual Fund

  0.98SSMOX Steward Small MidPairCorr
  0.98SCECX Steward Small MidPairCorr
  0.99SCJAX Steward Ered CallPairCorr
  0.99SCJCX Steward Ered CallPairCorr
  0.98SCJIX Steward Ered CallPairCorr
  0.67SEACX Steward Select BondPairCorr
  0.99SEECX Steward Large CapPairCorr
  0.99SEEHX Steward Large CapPairCorr
  0.98SEEKX Steward Large CapPairCorr
  0.99SGIDX Steward Global EPairCorr
  0.99SGIGX Steward Global EquityPairCorr
  0.99SGIFX Steward Global EquityPairCorr
  0.99SGISX Stewart Global EquityPairCorr
  1.0SJCIX Steward FundsPairCorr
  1.0SJCAX Steward Large CapPairCorr
  1.0SJCRX Steward Large CapPairCorr
  0.98SJGAX Steward Large CapPairCorr
  0.98SJVAX Steward FundsPairCorr
  0.98SJVIX Steward FundsPairCorr
  0.97TRDFX Steward Small MidPairCorr
  0.97SNTCX Steward InternationalPairCorr
  0.97SNTFX Steward InternationalPairCorr
  0.96SNTKX Steward InternationalPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr

Moving against Steward Mutual Fund

  0.52SMNAX Steward Equity MarketPairCorr
  0.52SMNIX Crossmark Steward EquityPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SCECXSSMOX
SCJCXSCJAX
SEECXSCJCX
SEECXSCJAX
SCJAXSSMOX
SCJCXSSMOX
  
High negative correlations   
SEECXSEABX
SEAKXSEABX
SEABXSEACX
SEECXSEAAX
SEAKXSEAAX
SEABXSEAAX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSMOX  0.83  0.08  0.09  0.21  0.80 
 2.22 
 6.32 
SCECX  0.84  0.08  0.09  0.21  0.84 
 2.25 
 6.37 
SCJAX  0.45  0.03 (0.03) 0.18  0.48 
 1.40 
 3.30 
SCJCX  0.45  0.06  0.01  0.22  0.31 
 1.44 
 2.73 
SCJIX  0.45  0.17  0.05 (7.17) 0.26 
 1.44 
 2.76 
SEAAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SEACX  0.24  0.03 (0.32)(1.26) 0.20 
 0.45 
 1.36 
SEABX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SEAKX  0.25  0.02 (0.31)(0.77) 0.26 
 0.45 
 1.70 
SEECX  0.65  0.11  0.11  0.26  0.53 
 1.94 
 4.83