# STEWARD Mutual Fund Volatility

TRDFX Fund | USD 10.71 0.09 0.85% |

STEWARD SMALL-MID CAP owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.006, which indicates the fund had -0.006% of return per unit of volatility over the last 3 months. Macroaxis approach towards measuring the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. STEWARD SMALL-MID CAP exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate STEWARD SMALL-MID risk adjusted performance of 0.0171, and Coefficient Of Variation of 6606.23 to confirm the risk estimate we provide.

STEWARD |

STEWARD SMALL-MID Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of STEWARD daily returns, and it is calculated using variance and standard deviation. We also use STEWARD's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of STEWARD SMALL-MID volatility.

### 90 Days Market Risk

### Chance of Distress

### 90 Days Economic Sensitivity

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as STEWARD SMALL-MID can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of STEWARD SMALL-MID at lower prices. For example, an investor can purchase STEWARD stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of STEWARD SMALL-MID's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

## Moving together with STEWARD SMALL-MID

+ | 0.95 | NAESX | VANGUARD SMALL-CAP INDEX | PairCorr | |||

+ | 1.0 | VSCIX | VANGUARD SMALL-CAP INDEX | PairCorr | |||

+ | 1.0 | VSCPX | VANGUARD SMALL-CAP INDEX | PairCorr | |||

+ | 0.95 | VSMAX | VANGUARD SMALL-CAP INDEX | PairCorr | |||

+ | 1.0 | FSSNX | FIDELITY SMALL CAP | PairCorr | |||

+ | 0.99 | DFSTX | US SMALL CAP | PairCorr | |||

+ | 0.99 | PRSVX | T ROWE PRICE | PairCorr | |||

+ | 0.95 | PRVIX | T ROWE PRICE | PairCorr | |||

+ | 0.95 | PASVX | T ROWE PRICE | PairCorr |

## STEWARD SMALL-MID Market Sensitivity And Downside Risk

STEWARD SMALL-MID's beta coefficient measures the volatility of STEWARD mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents STEWARD mutual fund's returns against your selected market. In other words, STEWARD SMALL-MID's beta of 1.29 provides an investor with an approximation of how much risk STEWARD SMALL-MID mutual fund can potentially add to one of your existing portfolios.

STEWARD SMALL-MID CAP has relatively low volatility with skewness of -0.26 and kurtosis of -0.67. However, we advise all investors to independently investigate STEWARD SMALL-MID CAP to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure STEWARD SMALL-MID's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact STEWARD SMALL-MID's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall. 3 Months Beta |Analyze STEWARD SMALL-MID CAP Demand TrendCheck current 90 days STEWARD SMALL-MID correlation with market (NYSE Composite)## STEWARD Beta |

STEWARD standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

## Standard Deviation | 1.33 |

It is essential to understand the difference between upside risk (as represented by STEWARD SMALL-MID's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of STEWARD SMALL-MID's daily returns or price. Since the actual investment returns on holding a position in steward mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in STEWARD SMALL-MID.

## STEWARD SMALL-MID CAP Mutual Fund Volatility Analysis

Volatility refers to the frequency at which STEWARD SMALL-MID fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with STEWARD SMALL-MID's price changes. Investors will then calculate the volatility of STEWARD SMALL-MID's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of STEWARD SMALL-MID's volatility:

### Historical Volatility

This type of fund volatility measures STEWARD SMALL-MID's fluctuations based on previous trends. It's commonly used to predict STEWARD SMALL-MID's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.### Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for STEWARD SMALL-MID's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on STEWARD SMALL-MID's to be redeemed at a future date.Transformation |

The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of STEWARD SMALL-MID CAP high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only STEWARD SMALL-MID closing price as input..

## STEWARD SMALL-MID Projected Return Density Against Market

Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.2923 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, STEWARD SMALL-MID will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to STEWARD SMALL-MID or Crossmark Steward Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that STEWARD SMALL-MID's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a STEWARD fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has an alpha of 0.0406, implying that it can generate a 0.0406 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Predicted Return Density |

Returns |

## What Drives a STEWARD SMALL-MID Price Volatility?

Several factors can influence a fund's market volatility:### Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.### Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.### The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.## STEWARD SMALL-MID Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to STEWARD SMALL-MID or Crossmark Steward Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that STEWARD SMALL-MID's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a STEWARD fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 90 days horizon the coefficient of variation of STEWARD SMALL-MID is -16588.34. The daily returns are distributed with a variance of 1.77 and standard deviation of 1.33. The mean deviation of STEWARD SMALL-MID CAP is currently at 1.09. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.95

α | Alpha over NYSE Composite | 0.0406 | |

β | Beta against NYSE Composite | 1.29 | |

σ | Overall volatility | 1.33 | |

Ir | Information ratio | 0.0257 |

## STEWARD SMALL-MID Mutual Fund Return Volatility

STEWARD SMALL-MID historical daily return volatility represents how much of STEWARD SMALL-MID fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.3303% volatility of returns over 90 . By contrast, NYSE Composite accepts 0.9578% volatility on return distribution over the 90 days horizon. Performance (%) |

Timeline |

## About STEWARD SMALL-MID Volatility

Volatility is a rate at which the price of STEWARD SMALL-MID or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of STEWARD SMALL-MID may increase or decrease. In other words, similar to STEWARD's beta indicator, it measures the risk of STEWARD SMALL-MID and helps estimate the fluctuations that may happen in a short period of time. So if prices of STEWARD SMALL-MID fluctuate rapidly in a short time span, it is termed to have high volatilit