Crossmark Steward Correlations

SMNIX Fund

USD 28.28 0.00 0.00%

The current 90-days correlation between Crossmark Steward Equity and Invesco Global Health is -0.15 (i.e., 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 0.03 (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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Crossmark Steward Equity. 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 Crossmark Mutual Fund

1.0

SMNAX

Steward Equity Market

Pair Corr

Moving against Crossmark Mutual Fund

0.83	SCECX	Steward Small Mid	Pair Corr
0.82	SSMOX	Steward Small Mid	Pair Corr
0.82	SJGIX	Steward Large Cap	Pair Corr
0.81	SJCIX	Steward Funds	Pair Corr
0.81	SJCAX	Steward Large Cap	Pair Corr
0.81	SJGAX	Steward Large Cap	Pair Corr
0.79	SJCRX	Steward Large Cap	Pair Corr
0.78	SJVAX	Steward Funds	Pair Corr
0.78	SJVIX	Steward Funds	Pair Corr
0.77	SEECX	Steward Large Cap	Pair Corr
0.77	SEEHX	Steward Large Cap	Pair Corr
0.76	SEEKX	Steward Large Cap	Pair Corr
0.73	SCJIX	Steward Ered Call	Pair Corr
0.69	SCJAX	Steward Ered Call	Pair Corr
0.69	SCJCX	Steward Ered Call	Pair Corr
0.32	SGISX	Stewart Global Equity	Pair Corr
0.83	QMNRX	Aqr Equity Market	Pair Corr
0.82	TRDFX	Steward Small Mid	Pair Corr
0.56	BGCKX	Blackrock Global Lon	Pair Corr
0.52	BDMAX	Blackrock Global Long	Pair Corr
0.52	BDMIX	Blackrock Gbl Lng	Pair Corr
0.5	BDMCX	Blackrock Global Lng	Pair Corr

Related Correlations Analysis

	GGHYX	AHSCX	JEHSX	LHCCX	HHCZX	THQ
GGHYX		0.31	0.94	0.46	-0.74	0.75	GGHYX
AHSCX	0.31		0.25	0.67	-0.02	0.31	AHSCX
JEHSX	0.94	0.25		0.27	-0.76	0.82	JEHSX
LHCCX	0.46	0.67	0.27		0.04	0.23	LHCCX
HHCZX	-0.74	-0.02	-0.76	0.04		-0.41	HHCZX
THQ	0.75	0.31	0.82	0.23	-0.41		THQ
	GGHYX	AHSCX	JEHSX	LHCCX	HHCZX	THQ

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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

JEHSX	+ 0.94	GGHYX
THQ	+ 0.82	JEHSX
THQ	+ 0.75	GGHYX
LHCCX	+ 0.67	AHSCX
LHCCX	+ 0.46	GGHYX
AHSCX	+ 0.31	GGHYX

High negative correlations

HHCZX	- 0.76	JEHSX
HHCZX	- 0.74	GGHYX
THQ	- 0.41	HHCZX
HHCZX	- 0.02	AHSCX

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
GGHYX	0.62	(0.14)	0.00	(0.58)	0.00	0.00	0.93	(1.30)	3.73
AHSCX	0.56	(0.07)	(0.19)	(0.01)	0.72	(0.58)	0.82	(1.25)	4.55
JEHSX	0.83	(0.28)	0.00	(0.20)	0.00	0.00	1.15	(1.81)	9.00
LHCCX	0.75	(0.04)	0.00	(0.11)	0.00	0.00	1.50	(1.57)	5.15
HHCZX	0.16	0.02	(0.51)	1.63	0.03	(0.20)	0.37	(0.31)	1.14
THQ	0.79	(0.13)	0.00	(0.06)	0.00	0.00	1.41	(1.67)	5.19

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