Crossmark Steward Correlations
SMNIX Fund | USD 28.28 0.05 0.18% |
The current 90-days correlation between Crossmark Steward Equity and Balanced Fund Investor is -0.39 (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 0.03 (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.
Crossmark |
Moving against Crossmark Mutual Fund
0.83 | SCECX | Steward Small Mid | PairCorr |
0.82 | SSMOX | Steward Small Mid | PairCorr |
0.82 | SJGIX | Steward Large Cap | PairCorr |
0.81 | SJCIX | Steward Funds | PairCorr |
0.81 | SJCAX | Steward Large Cap | PairCorr |
0.81 | SJGAX | Steward Large Cap | PairCorr |
0.79 | SJCRX | Steward Large Cap | PairCorr |
0.77 | SEECX | Steward Large Cap | PairCorr |
0.77 | SEEHX | Steward Large Cap | PairCorr |
0.76 | SEEKX | Steward Large Cap | PairCorr |
0.69 | SCJAX | Steward Ered Call | PairCorr |
0.69 | SCJCX | Steward Ered Call | PairCorr |
0.83 | QMNRX | Aqr Equity Market | PairCorr |
0.82 | TRDFX | Steward Small Mid | PairCorr |
0.8 | VSTSX | Vanguard Total Stock | PairCorr |
0.8 | VSMPX | Vanguard Total Stock | PairCorr |
0.8 | VITSX | Vanguard Total Stock | PairCorr |
0.78 | SJVAX | Steward Funds | PairCorr |
0.78 | SJVIX | Steward Funds | PairCorr |
0.56 | BGCKX | Blackrock Global Lon | PairCorr |
0.52 | BDMAX | Blackrock Global Long | PairCorr |
0.52 | BDMIX | Blackrock Gbl Lng | PairCorr |
0.5 | BDMCX | Blackrock Global Lng | PairCorr |
0.8 | VTSAX | Vanguard Total Stock | PairCorr |
0.79 | TILIX | Tiaa-cref Large-cap | PairCorr |
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
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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 | ||
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TWBIX | 0.35 | 0.03 | (0.18) | 0.93 | 0.43 | 0.77 | 2.38 | |||
PRNHX | 0.73 | 0.05 | 0.07 | 0.18 | 0.79 | 1.80 | 6.84 | |||
VOLMX | 0.57 | 0.02 | 0.01 | 0.16 | 0.40 | 1.14 | 4.49 | |||
ASTIX | 0.27 | 0.05 | (0.21) | 1.11 | 0.26 | 0.57 | 1.79 | |||
TEOJX | 0.66 | 0.00 | (0.15) | 0.06 | 0.82 | 1.76 | 4.91 | |||
SMPIX | 2.55 | 0.17 | 0.01 | 1.80 | 3.80 | 4.26 | 17.06 | |||
CNGLX | 0.54 | 0.00 | (0.16) | 0.15 | 0.78 | 1.04 | 3.68 |