Steward International Correlations

SNTCX Fund

USD 25.20 0.15 0.60%

The current 90-days correlation between Steward International and Steward Large Cap is 0.74 (i.e., Poor diversification). The correlation of Steward International 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 International Correlation With Market

Good diversification

The correlation between Steward International Enhanced and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward International Enhanced 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 International Enhanced. 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 main economic indicators.

Moving together with Steward Mutual Fund

0.92	SSMOX	Steward Small Mid	Pair Corr
0.93	SCECX	Steward Small Mid	Pair Corr
0.97	SCJCX	Steward Ered Call	Pair Corr
0.97	SCJIX	Steward Ered Call	Pair Corr
0.64	SEACX	Steward Select Bond	Pair Corr
0.97	SEEHX	Steward Large Cap	Pair Corr
0.97	SEEKX	Steward Large Cap	Pair Corr
0.96	SGIDX	Steward Global E	Pair Corr
0.98	SGIGX	Steward Global Equity	Pair Corr
0.98	SGIFX	Steward Global Equity	Pair Corr
0.98	SGISX	Stewart Global Equity	Pair Corr
0.97	SJCIX	Steward Funds	Pair Corr
0.97	SJCAX	Steward Large Cap	Pair Corr
0.97	SJCRX	Steward Large Cap	Pair Corr
0.98	SJGIX	Steward Large Cap	Pair Corr
0.94	SJVAX	Steward Funds	Pair Corr
0.94	SJVIX	Steward Funds	Pair Corr
0.92	TRDFX	Steward Small Mid	Pair Corr
0.98	SNTFX	Steward International	Pair Corr
1.0	SNTKX	Steward International	Pair Corr
0.99	VGTSX	Vanguard Total Inter	Pair Corr
0.99	VTIAX	Vanguard Total Inter	Pair Corr
0.99	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTPSX	Vanguard Total Inter	Pair Corr
0.99	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTMGX	Vanguard Developed	Pair Corr
0.99	VDVIX	Vanguard Developed	Pair Corr
0.97	VTMNX	Vanguard Developed	Pair Corr
0.99	VDIPX	Vanguard Developed	Pair Corr
0.97	FSPSX	Fidelity International	Pair Corr

Moving against Steward Mutual Fund

0.49	SMNIX	Crossmark Steward Equity	Pair Corr
0.47	SMNAX	Steward Equity Market	Pair Corr

Related Correlations Analysis

	SEEKX	SGIDX	SSMOX	SCECX	SCJAX	SCJCX	SCJIX	SEAAX	SEACX	SEABX
SEEKX		0.97	0.96	0.96	0.54	1.0	1.0	0.0	0.7	0.0	SEEKX
SGIDX	0.97		0.98	0.98	0.51	0.97	0.97	0.0	0.67	0.0	SGIDX
SSMOX	0.96	0.98		1.0	0.52	0.96	0.96	0.0	0.66	0.0	SSMOX
SCECX	0.96	0.98	1.0		0.52	0.96	0.96	0.0	0.66	0.0	SCECX
SCJAX	0.54	0.51	0.52	0.52		0.5	0.51	0.0	0.44	0.0	SCJAX
SCJCX	1.0	0.97	0.96	0.96	0.5		1.0	0.0	0.71	0.0	SCJCX
SCJIX	1.0	0.97	0.96	0.96	0.51	1.0		0.0	0.72	0.0	SCJIX
SEAAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SEAAX
SEACX	0.7	0.67	0.66	0.66	0.44	0.71	0.72	0.0		0.0	SEACX
SEABX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SEABX
	SEEKX	SGIDX	SSMOX	SCECX	SCJAX	SCJCX	SCJIX	SEAAX	SEACX	SEABX

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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

SCJCX	+ 1.0	SEEKX
SCJIX	+ 1.0	SEEKX
SCECX	+ 1.0	SSMOX
SCJIX	+ 1.0	SCJCX
SSMOX	+ 0.98	SGIDX
SCECX	+ 0.98	SGIDX

High negative correlations

SEABX	- 0.0	SEACX
SEABX	- 0.0	SEAAX
SEACX	- 0.0	SEAAX
SEABX	- 0.0	SCJIX
SEAAX	- 0.0	SCJIX
SEABX	- 0.0	SCJCX

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward International 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 International'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEEKX	0.65	0.25	0.08	(2.82)	0.51	(0.76)	1.96	(1.15)	4.83
SGIDX	0.58	0.08	0.04	0.27	0.42	(0.63)	1.38	(1.18)	4.01
SSMOX	0.83	0.07	0.08	0.23	0.78	(1.01)	2.22	(1.59)	6.32
SCECX	0.83	0.07	0.08	0.23	0.78	(1.02)	2.25	(1.69)	6.37
SCJAX	0.35	0.04	(0.13)	0.29	0.17	(0.44)	0.78	(0.53)	3.02
SCJCX	0.45	0.15	(0.04)	(3.59)	0.31	(0.55)	1.44	(0.66)	2.73
SCJIX	0.45	0.15	(0.03)	(7.63)	0.30	(0.55)	1.44	(0.64)	2.50
SEAAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEACX	0.23	0.00	(0.48)	0.20	0.22	(0.24)	0.45	(0.50)	1.13
SEABX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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