Steward Ered Correlations
SCJIX Fund | USD 8.61 0.01 0.12% |
The current 90-days correlation between Steward Ered Call and Schwab Treasury Money is 0.08 (i.e., Significant diversification). The correlation of Steward Ered 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 Ered Correlation With Market
Poor diversification
The correlation between Steward Ered Call and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Ered Call and DJI in the same portfolio, assuming nothing else is changed.
Steward |
Moving together with Steward Mutual Fund
0.93 | SSMOX | Steward Small Mid | PairCorr |
0.93 | SCECX | Steward Small Mid | PairCorr |
0.99 | SCJAX | Steward Ered Call | PairCorr |
0.99 | SCJCX | Steward Ered Call | PairCorr |
0.99 | SEECX | Steward Large Cap | PairCorr |
0.99 | SEEHX | Steward Large Cap | PairCorr |
0.99 | SEEKX | Steward Large Cap | PairCorr |
0.77 | SGIDX | Steward Global E | PairCorr |
0.77 | SGIGX | Steward Global Equity | PairCorr |
0.74 | SGIFX | Steward Global Equity | PairCorr |
0.77 | SGISX | Stewart Global Equity | PairCorr |
0.97 | SJCIX | Steward Funds | PairCorr |
0.97 | SJCAX | Steward Large Cap | PairCorr |
0.97 | SJCRX | Steward Large Cap | PairCorr |
0.98 | SJGIX | Steward Large Cap | PairCorr |
0.98 | SJGAX | Steward Large Cap | PairCorr |
0.93 | SJVAX | Steward Funds | PairCorr |
0.94 | SJVIX | Steward Funds | PairCorr |
0.93 | TRDFX | Steward Small Mid | PairCorr |
0.95 | JEPAX | Jpmorgan Research Equity | PairCorr |
0.95 | JEPCX | Jpmorgan Research Equity | PairCorr |
0.95 | JEPIX | Jpmorgan Equity Premium | PairCorr |
0.99 | GSPKX | Goldman Sachs Equity | PairCorr |
0.99 | GVIRX | Goldman Sachs Equity | PairCorr |
0.99 | GSPAX | Goldman Sachs Equity | PairCorr |
0.99 | GSPQX | Goldman Sachs Equity | PairCorr |
0.99 | GSFPX | Goldman Sachs Equity | PairCorr |
Moving against Steward Mutual Fund
0.73 | SMNAX | Steward Equity Market | PairCorr |
0.63 | SEACX | Steward Select Bond | PairCorr |
0.63 | SEAKX | Steward Select Bond | PairCorr |
0.73 | SMNIX | Crossmark Steward Equity | PairCorr |
0.57 | XNBHX | Neuberger Berman Int | PairCorr |
0.55 | XNXJX | Nuveen New Jersey | PairCorr |
0.42 | NXJ | Nuveen New Jersey | PairCorr |
Related Correlations Analysis
0.0 | 0.0 | 0.0 | 0.61 | -0.21 | SUTXX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBMXX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
0.61 | 0.0 | 0.0 | 0.0 | -0.44 | GABXX | ||
-0.21 | 0.0 | 0.0 | 0.0 | -0.44 | SMAAX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Steward Mutual Fund performing well and Steward Ered 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 Ered'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SUTXX | 0.03 | 0.00 | 0.00 | 0.32 | 0.00 | 0.00 | 1.01 | |||
HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
GABXX | 0.03 | 0.01 | 0.00 | (0.22) | 0.00 | 0.00 | 1.01 | |||
SMAAX | 0.12 | 0.01 | (0.44) | 0.05 | 0.17 | 0.20 | 0.99 |