Steward International Correlations

SNTCX Fund

USD 26.33 0.02 0.08%

The current 90-days correlation between Steward International and HUMANA INC is 0.02 (i.e., Significant diversification). The correlation of Steward International 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 International Correlation With Market

Poor diversification

The correlation between Steward International Enhanced and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steward International Enhanced 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 International Enhanced. 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 main economic indicators.

Moving together with Steward Mutual Fund

0.95	SCJAX	Steward Ered Call	Pair Corr
0.95	SCJCX	Steward Ered Call	Pair Corr
0.94	SCJIX	Steward Ered Call	Pair Corr
0.96	SEECX	Steward Large Cap	Pair Corr
0.96	SEEHX	Steward Large Cap	Pair Corr
0.85	SEEKX	Steward Large Cap	Pair Corr
0.91	SGIDX	Steward Global E	Pair Corr
0.91	SGIGX	Steward Global Equity	Pair Corr
0.91	SGIFX	Steward Global Equity	Pair Corr
0.89	SGISX	Stewart Global Equity	Pair Corr
0.94	SJCIX	Steward Funds	Pair Corr
0.94	SJCAX	Steward Large Cap	Pair Corr
0.81	SJCRX	Steward Large Cap	Pair Corr
0.94	SJGIX	Steward Large Cap	Pair Corr
0.94	SJGAX	Steward Large Cap	Pair Corr
0.78	SJVAX	Steward Funds	Pair Corr
0.78	SJVIX	Steward Funds	Pair Corr
1.0	SNTFX	Steward International	Pair Corr
1.0	SNTKX	Steward International	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr

Moving against Steward Mutual Fund

0.4	SMNAX	Steward Equity Market	Pair Corr
0.38	SMNIX	Crossmark Steward Equity	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	LBHIX	ABHYX	MSTSX	VIASP	RRTLX	XTWO	GBEMX
444859BR2		0.0	0.58	0.06	-0.02	-0.28	0.37	-0.14	0.23	-0.69	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.58	0.0		-0.15	-0.12	-0.41	0.11	-0.33	0.03	-0.59	BRRAY
LBHIX	0.06	0.0	-0.15		0.89	0.85	0.84	0.89	0.93	0.16	LBHIX
ABHYX	-0.02	0.0	-0.12	0.89		0.66	0.71	0.7	0.91	0.04	ABHYX
MSTSX	-0.28	0.0	-0.41	0.85	0.66		0.63	0.97	0.66	0.51	MSTSX
VIASP	0.37	0.0	0.11	0.84	0.71	0.63		0.71	0.84	-0.13	VIASP
RRTLX	-0.14	0.0	-0.33	0.89	0.7	0.97	0.71		0.74	0.44	RRTLX
XTWO	0.23	0.0	0.03	0.93	0.91	0.66	0.84	0.74		-0.11	XTWO
GBEMX	-0.69	0.0	-0.59	0.16	0.04	0.51	-0.13	0.44	-0.11		GBEMX
	444859BR2	AQUI	BRRAY	LBHIX	ABHYX	MSTSX	VIASP	RRTLX	XTWO	GBEMX

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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

RRTLX	+ 0.97	MSTSX
XTWO	+ 0.93	LBHIX
XTWO	+ 0.91	ABHYX
ABHYX	+ 0.89	LBHIX
RRTLX	+ 0.89	LBHIX
MSTSX	+ 0.85	LBHIX

High negative correlations

GBEMX	- 0.69	444859BR2
GBEMX	- 0.59	BRRAY
MSTSX	- 0.41	BRRAY
RRTLX	- 0.33	BRRAY
MSTSX	- 0.28	444859BR2
LBHIX	- 0.15	BRRAY

Risk-Adjusted Indicators

There is a big difference between Steward Mutual Fund performing well and Steward International 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 International'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
444859BR2	0.79	0.02	0.00	0.04	0.00	0.00	1.50	(1.78)	10.44
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	0.66	0.03	0.00	0.04	0.00	0.00	0.00	0.00	28.38
LBHIX	0.15	0.04	(0.14)	0.38	0.00	(0.31)	0.47	(0.24)	1.45
ABHYX	0.13	0.04	(0.21)	(0.32)	0.00	(0.21)	0.34	(0.22)	1.34
MSTSX	0.60	0.10	0.00	(4.25)	0.66	(0.71)	1.40	(1.22)	4.07
VIASP	1.38	0.18	0.05	1.27	1.76	(1.57)	2.65	(3.00)	13.33
RRTLX	0.30	0.04	(0.14)	(2.11)	0.32	(0.35)	0.73	(0.64)	1.97
XTWO	0.09	0.03	(0.54)	(0.66)	0.00	(0.11)	0.22	(0.12)	0.83
GBEMX	0.88	(0.08)	(0.07)	0.01	1.17	(0.84)	2.23	(1.83)	5.23

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