Crossmark Steward Correlations

SMNIX Fund  USD 28.23  0.05  0.18%   
The current 90-days correlation between Crossmark Steward Equity and Pimco Fundamental Advantage is 0.19 (i.e., Average 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 against Crossmark Mutual Fund

  0.83SSMOX Steward Small MidPairCorr
  0.83SCECX Steward Small MidPairCorr
  0.83TRDFX Steward Small MidPairCorr
  0.81SJGIX Steward Large CapPairCorr
  0.81SJGAX Steward Large CapPairCorr
  0.8SJCIX Steward FundsPairCorr
  0.8SJCAX Steward Large CapPairCorr
  0.8SJCRX Steward Large CapPairCorr
  0.78SEECX Steward Large CapPairCorr
  0.78SEEHX Steward Large CapPairCorr
  0.78SJVAX Steward FundsPairCorr
  0.77SEEKX Steward Large CapPairCorr
  0.77SJVIX Steward FundsPairCorr
  0.73SCJIX Steward Ered CallPairCorr
  0.69SCJAX Steward Ered CallPairCorr
  0.69SCJCX Steward Ered CallPairCorr
  0.31SGIGX Steward Global EquityPairCorr
  0.31SGISX Stewart Global EquityPairCorr
  0.88VISGX Vanguard Small CapPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.85QMNRX Aqr Equity MarketPairCorr
  0.8FBALX Fidelity BalancedPairCorr
  0.78FPURX Fidelity PuritanPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.67XFINX Angel Oak FinancialPairCorr
  0.62MNEVX Mainstay Conservative EtfPairCorr
  0.61RYRCX Retailing Fund ClassPairCorr
  0.6BDMAX Blackrock Global LongPairCorr
  0.6BDMIX Blackrock Gbl LngPairCorr
  0.6BGCKX Blackrock Global LonPairCorr

Related Correlations Analysis

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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   
AAEVXMSTSX
AAEVXLBHIX
LBHIXMSTSX
AAEVXVIASP
ABHYXLBHIX
SCAXF444859BR2
  
High negative correlations   
VIASPSCAXF
AAEVXSCAXF
AAEVX444859BR2
VIASPPFATX
SCAXFLBHIX
MSTSX444859BR2

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PFATX  0.36 (0.07) 0.00 (0.42) 0.00 
 0.76 
 2.79 
444859BR2  1.41 (0.04) 0.00  3.89  0.00 
 5.93 
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.15) 0.00  0.01  0.00 
 0.00 
 34.02 
MSTSX  0.47  0.06 (0.11)(2.23) 0.43 
 1.21 
 2.80 
LBHIX  0.10  0.01 (0.45) 0.38  0.00 
 0.24 
 0.71 
ABHYX  0.17  0.01 (0.23) 0.23  0.25 
 0.34 
 1.91 
SCAXF  0.70 (0.42) 0.00 (0.92) 0.00 
 0.00 
 23.47 
VIASP  0.75  0.10 (0.03)(1.45) 1.10 
 2.28 
 7.18 
AAEVX  0.46  0.10 (0.05)(12.31) 0.36 
 0.93 
 2.76