Crossmark Steward Correlations
SMNIX Fund | USD 28.33 0.10 0.35% |
The current 90-days correlation between Crossmark Steward Equity and Multi Manager High Yield is -0.28 (i.e., Very good diversification). The correlation of Crossmark Steward 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.
Crossmark Steward Correlation With Market
Significant diversification
The correlation between Crossmark Steward Equity and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crossmark Steward Equity and DJI in the same portfolio, assuming nothing else is changed.
Crossmark |
Moving against Crossmark Mutual Fund
0.83 | SSMOX | Steward Small Mid | PairCorr |
0.83 | SCECX | Steward Small Mid | PairCorr |
0.83 | TRDFX | Steward Small Mid | PairCorr |
0.82 | SJCAX | Steward Large Cap | PairCorr |
0.82 | SJGAX | Steward Large Cap | PairCorr |
0.81 | SJCIX | Steward Funds | PairCorr |
0.81 | SJCRX | Steward Large Cap | PairCorr |
0.81 | SJGIX | Steward Large Cap | PairCorr |
0.79 | SJVAX | Steward Funds | PairCorr |
0.78 | SEECX | Steward Large Cap | PairCorr |
0.78 | SEEHX | Steward Large Cap | PairCorr |
0.78 | SJVIX | Steward Funds | PairCorr |
0.77 | SEEKX | Steward Large Cap | PairCorr |
0.73 | SCJIX | Steward Ered Call | PairCorr |
0.68 | SCJAX | Steward Ered Call | PairCorr |
0.68 | SCJCX | Steward Ered Call | PairCorr |
0.88 | VISGX | Vanguard Small Cap | PairCorr |
0.87 | QMNRX | Aqr Equity Market | PairCorr |
0.87 | CLM | Cornerstone Strategic Sell-off Trend | PairCorr |
0.8 | FBALX | Fidelity Balanced | PairCorr |
0.79 | FPURX | Fidelity Puritan | PairCorr |
0.78 | VFINX | Vanguard 500 Index | PairCorr |
0.78 | VFIAX | Vanguard 500 Index | PairCorr |
0.68 | XFINX | Angel Oak Financial | PairCorr |
0.62 | BDMAX | Blackrock Global Long | PairCorr |
0.62 | BDMIX | Blackrock Gbl Lng | PairCorr |
0.62 | BGCKX | Blackrock Global Lon | PairCorr |
0.62 | MNEVX | Mainstay Conservative Etf | PairCorr |
0.61 | RYRCX | Retailing Fund Class | PairCorr |
Related Correlations Analysis
0.89 | 0.88 | 0.91 | 0.84 | 0.8 | NMHYX | ||
0.89 | 0.87 | 0.89 | 0.95 | 0.9 | PHDTX | ||
0.88 | 0.87 | 0.9 | 0.75 | 0.83 | PHYZX | ||
0.91 | 0.89 | 0.9 | 0.83 | 0.83 | SHYIX | ||
0.84 | 0.95 | 0.75 | 0.83 | 0.76 | FAGIX | ||
0.8 | 0.9 | 0.83 | 0.83 | 0.76 | GMOZX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Crossmark Mutual Fund performing well and Crossmark Steward 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 Crossmark Steward'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NMHYX | 0.09 | 0.01 | (0.71) | 1.05 | 0.00 | 0.24 | 0.47 | |||
PHDTX | 0.09 | 0.02 | (0.65) | 0.51 | 0.00 | 0.22 | 0.56 | |||
PHYZX | 0.11 | 0.01 | (0.53) | 0.80 | 0.00 | 0.41 | 0.63 | |||
SHYIX | 0.11 | 0.01 | (0.72) | 1.71 | 0.00 | 0.25 | 0.86 | |||
FAGIX | 0.18 | 0.07 | (0.23) | 2.35 | 0.00 | 0.40 | 1.17 | |||
GMOZX | 0.13 | 0.01 | (0.52) | 0.22 | 0.00 | 0.28 | 0.72 |