Steward Small-mid Correlations
SSMOX Fund | USD 12.85 0.02 0.16% |
The current 90-days correlation between Steward Small Mid and William Blair Growth is 0.71 (i.e., Poor diversification). The correlation of Steward Small-mid 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.
Steward Small-mid Correlation With Market
Very poor diversification
The correlation between Steward Small Mid Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Small Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
Steward |
Moving together with Steward Mutual Fund
1.0 | SCECX | Steward Small Mid | PairCorr |
0.91 | SCJAX | Steward Ered Call | PairCorr |
0.91 | SCJCX | Steward Ered Call | PairCorr |
0.92 | SCJIX | Steward Ered Call | PairCorr |
0.94 | SEECX | Steward Large Cap | PairCorr |
0.94 | SEEHX | Steward Large Cap | PairCorr |
0.94 | SEEKX | Steward Large Cap | PairCorr |
0.68 | SGIDX | Steward Global E | PairCorr |
0.68 | SGIGX | Steward Global Equity | PairCorr |
0.66 | SGIFX | Steward Global Equity | PairCorr |
0.69 | SGISX | Stewart Global Equity | PairCorr |
0.97 | SJCIX | Steward Funds | PairCorr |
0.97 | SJCAX | Steward Large Cap | PairCorr |
0.97 | SJCRX | Steward Large Cap | PairCorr |
0.96 | SJGIX | Steward Large Cap | PairCorr |
0.96 | SJGAX | Steward Large Cap | PairCorr |
0.98 | SJVAX | Steward Funds | PairCorr |
0.98 | SJVIX | Steward Funds | PairCorr |
1.0 | TRDFX | Steward Small Mid | PairCorr |
0.99 | VSMAX | Vanguard Small Cap | PairCorr |
0.99 | VSCIX | Vanguard Small Cap | PairCorr |
0.99 | VSCPX | Vanguard Small Cap | PairCorr |
0.99 | NAESX | Vanguard Small Cap | PairCorr |
0.99 | FSSNX | Fidelity Small Cap | PairCorr |
1.0 | DFSTX | Us Small Cap | PairCorr |
0.99 | PASVX | T Rowe Price | PairCorr |
0.99 | PRVIX | T Rowe Price | PairCorr |
0.99 | TRZVX | T Rowe Price | PairCorr |
0.99 | PRSVX | T Rowe Price | PairCorr |
Moving against Steward Mutual Fund
0.8 | SMNAX | Steward Equity Market | PairCorr |
0.79 | SMNIX | Crossmark Steward Equity | PairCorr |
0.6 | SEAKX | Steward Select Bond | PairCorr |
0.59 | SEACX | Steward Select Bond | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Steward Mutual Fund performing well and Steward Small-mid 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 Steward Small-mid'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WBGSX | 0.70 | 0.01 | 0.01 | 0.14 | 0.91 | 1.51 | 4.98 | |||
MSSGX | 1.45 | 0.42 | 0.31 | 0.39 | 1.11 | 3.46 | 7.23 | |||
PRNHX | 0.76 | 0.04 | 0.05 | 0.16 | 0.96 | 1.80 | 6.84 | |||
SCGCX | 0.42 | (0.02) | (0.11) | 0.09 | 0.46 | 0.87 | 2.67 | |||
TEGAX | 0.78 | 0.11 | 0.14 | 0.23 | 0.59 | 1.98 | 4.78 | |||
LANIX | 0.50 | (0.02) | (0.07) | 0.10 | 0.53 | 0.99 | 3.06 | |||
PCLCX | 0.63 | 0.02 | 0.00 | 0.16 | 0.83 | 1.46 | 4.15 | |||
FRAAX | 0.73 | 0.01 | 0.00 | 0.13 | 0.99 | 1.44 | 5.06 |