Steward Small-mid Correlations

TRDFX Fund

USD 13.15 0.07 0.54%

The current 90-days correlation between Steward Small Mid and Steward Large Cap is 0.8 (i.e., Very 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

Significant diversification

The correlation between Steward Small Mid Cap and DJI is 0.01 (i.e., Significant 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steward Small Mid Cap. 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 census.

Moving together with Steward Mutual Fund

0.99	SSMOX	Steward Small Mid	Pair Corr
0.99	SCECX	Steward Small Mid	Pair Corr
0.64	SEEKX	Steward Large Cap	Pair Corr
0.61	SGIDX	Steward Global E	Pair Corr
0.61	SGIGX	Steward Global Equity	Pair Corr
0.61	SGIFX	Steward Global Equity	Pair Corr
0.64	SGISX	Stewart Global Equity	Pair Corr
0.64	SJCIX	Steward Funds	Pair Corr
0.63	SJCAX	Steward Large Cap	Pair Corr
0.77	SJCRX	Steward Large Cap	Pair Corr
0.73	SJVAX	Steward Funds	Pair Corr
0.72	SJVIX	Steward Funds	Pair Corr
0.71	SKGAX	Steward Funds	Pair Corr
0.72	SKGIX	Steward Funds	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.8	VSCPX	Vanguard Small Cap	Pair Corr
0.8	NAESX	Vanguard Small Cap	Pair Corr
0.96	FSSNX	Fidelity Small Cap	Pair Corr

Related Correlations Analysis

	SEEKX	SGIDX	SEAKX	SCECX	BUFEX
SEEKX		0.83	0.42	0.63	0.8	SEEKX
SGIDX	0.83		0.6	0.6	0.71	SGIDX
SEAKX	0.42	0.6		0.27	0.09	SEAKX
SCECX	0.63	0.6	0.27		0.26	SCECX
BUFEX	0.8	0.71	0.09	0.26		BUFEX
	SEEKX	SGIDX	SEAKX	SCECX	BUFEX

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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
SEEKX	0.72	0.05	(0.05)	(0.22)	1.11	(0.78)	1.63	(1.73)	6.37
SGIDX	0.76	(0.02)	(0.01)	0.08	0.87	(0.78)	1.62	(1.96)	4.28
SEAKX	0.18	0.02	(0.28)	0.83	0.10	(0.21)	0.36	(0.27)	1.55
SCECX	0.95	0.10	0.01	7.67	1.29	(1.10)	2.22	(1.93)	8.70
BUFEX	0.92	(0.11)	(0.07)	0.00	1.41	(0.85)	1.90	(2.52)	5.39

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Steward Small-mid Correlations

Steward Small-mid Correlation With Market

Significant diversification

Moving together with Steward Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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