Steward Funds Correlations

Mutual Funds . USA . 
Fund . Steward Funds
SJVIX Fund  USD 29.46  0.05  0.17%   
The current 90-days correlation between Steward Funds and Dana Large Cap is 0.9 (i.e., Almost no diversification). The correlation of Steward Funds 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 Funds Correlation With Market

Almost no diversification

The correlation between Steward Funds and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Funds 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 Funds . 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

  0.99SSMOX Steward Small MidPairCorr
  0.99SCECX Steward Small MidPairCorr
  0.98SCJAX Steward Ered CallPairCorr
  0.98SCJCX Steward Ered CallPairCorr
  0.7SEACX Steward Select BondPairCorr
  0.61SEAKX Steward Select BondPairCorr
  0.98SEECX Steward Large CapPairCorr
  0.98SEEHX Steward Large CapPairCorr
  0.96SEEKX 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
  0.99SJCRX Steward Large CapPairCorr
  0.98SJGIX Steward Large CapPairCorr
  0.96SJGAX Steward Large CapPairCorr
  1.0SJVAX Steward FundsPairCorr
  0.96TRDFX Steward Small MidPairCorr
  0.96SNTCX Steward InternationalPairCorr
  0.92SNTFX Steward InternationalPairCorr
  0.93SNTKX Steward InternationalPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.94AMRMX American MutualPairCorr
  0.94AMFFX American MutualPairCorr
  0.94AMFCX American MutualPairCorr
  0.96DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr

Moving against Steward Mutual Fund

  0.52SMNAX Steward Equity MarketPairCorr
  0.52SMNIX 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 Funds 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 Funds' 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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