Crossmark Steward Correlations

SMNIX Fund  USD 28.33  0.10  0.35%   
The current 90-days correlation between Crossmark Steward Equity and Steward Small Mid Cap is -0.04 (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

Good diversification

The correlation between Crossmark Steward Equity and DJI is -0.03 (i.e., Good 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
  0.81SJCIX Steward FundsPairCorr
  0.81SJCAX Steward Large CapPairCorr
  0.78SEECX Steward Large CapPairCorr
  0.78SEEHX Steward Large CapPairCorr
  0.77SEEKX Steward Large CapPairCorr
  0.75SCJAX Steward Ered CallPairCorr
  0.73SCJIX Steward Ered CallPairCorr
  0.68SCJCX Steward Ered CallPairCorr
  0.88QMNRX Aqr Equity MarketPairCorr
  0.83TRDFX Steward Small MidPairCorr
  0.82SJGIX Steward Large CapPairCorr
  0.82SJGAX Steward Large CapPairCorr
  0.81SJCRX Steward Large CapPairCorr
  0.79SJVAX Steward FundsPairCorr
  0.78SJVIX Steward FundsPairCorr
  0.62BDMAX Blackrock Global LongPairCorr
  0.73FRAAX Franklin Growth OppoPairCorr
  0.72NWGSX Nationwide Highmark SmallPairCorr
  0.62BDMIX Blackrock Gbl LngPairCorr
  0.61BDMCX Blackrock Global LngPairCorr

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   
SEAKXSEACX
SEEHXSEECX
SCJCXSCJAX
SCJIXSCJAX
SEECXSCJAX
SEEHXSCJAX
  
High negative correlations   
SEAKXSCJIX
SEACXSCJIX
SEEKXSEAKX
SEEHXSEAKX
SEECXSEAKX
SEEKXSEACX

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
SCECX  0.73  0.02  0.06  0.15  0.45 
 1.86 
 5.96 
SCJAX  0.31  0.04 (0.09) 0.22  0.00 
 0.88 
 2.18 
SCJCX  0.33  0.03 (0.11) 0.20  0.17 
 0.76 
 2.43 
SCJIX  0.31  0.04 (0.08) 0.25  0.13 
 0.87 
 2.36 
SEAAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SEACX  0.17 (0.02) 0.00 (0.64) 0.00 
 0.36 
 1.08 
SEAKX  0.17 (0.02) 0.00 (0.79) 0.00 
 0.31 
 1.05 
SEECX  0.48  0.07  0.04  0.24  0.28 
 1.17 
 3.58 
SEEHX  0.48  0.07  0.04  0.24  0.28 
 1.18 
 3.59 
SEEKX  0.50  0.14  0.01  8.67  0.45 
 1.16 
 3.57