Steward Select Correlations

Mutual Funds . USA . 
Fund . Steward Select Bond
SEAKX Fund  USD 22.54  0.04  0.18%   
The current 90-days correlation between Steward Select Bond and Vanguard Total Bond is 0.16 (i.e., Average diversification). The correlation of Steward Select 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 Select Correlation With Market

Very good diversification

The correlation between Steward Select Bond and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward Select Bond 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 Steward Select Bond. 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 industry.

Moving together with Steward Mutual Fund

  0.61SGIGX Steward Global EquityPairCorr
  0.7SJVAX Steward FundsPairCorr
  0.7SJVIX Steward FundsPairCorr
  0.88VBTLX Vanguard Total BondPairCorr
  0.89VBMFX Vanguard Total BondPairCorr
  0.89VBTIX Vanguard Total BondPairCorr
  0.89VTBSX Vanguard Total BondPairCorr
  0.89VTBIX Vanguard Total BondPairCorr
  0.89VTBNX Vanguard Total BondPairCorr
  0.89BFAFX Bond FundPairCorr
  0.89ABNDX Bond FundPairCorr
  0.89BFACX Bond FundPairCorr
  0.89FFBOX American FundsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward Select 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 Select'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
VBTLX  0.24  0.03 (0.27)(4.00) 0.17 
(0.30)
 0.42 
(0.41)
 1.85 
VBMFX  0.24  0.02 (0.29) 0.84  0.19 
(0.30)
 0.42 
(0.41)
 1.85 
VBTIX  0.24  0.02 (0.29) 0.87  0.19 
(0.30)
 0.42 
(0.41)
 1.85 
VTBSX  0.24  0.02 (0.29) 0.87  0.19 
(0.30)
 0.42 
(0.41)
 1.85 
VTBIX  0.23  0.02 (0.28) 0.64  0.19 
(0.27)
 0.42 
(0.41)
 1.77 
VTBNX  0.23  0.02 (0.28) 0.64  0.19 
(0.27)
 0.42 
(0.41)
 1.77 
BFAFX  0.24  0.02 (0.29) 0.72  0.21 
(0.27)
 0.44 
(0.43)
 2.01 
ABNDX  0.24  0.02 (0.29) 0.72  0.21 
(0.27)
 0.44 
(0.43)
 2.01 
BFACX  0.23  0.02 (0.30) 0.66  0.21 
(0.27)
 0.44 
(0.43)
 2.01 
FFBOX  0.23  0.03 (0.27)(1.98) 0.19 
(0.27)
 0.44 
(0.44)
 1.92 

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