Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund R
ASERX Fund  USD 116.08  0.91  0.79%   
The current 90-days correlation between Select Fund R and Select Fund C is 1.0 (i.e., No risk reduction). The correlation of Select Fund 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.

Select Fund Correlation With Market

Poor diversification

The correlation between Select Fund R and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund R and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Select Fund R. 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 metropolitan statistical area.

Moving together with Select Mutual Fund

  0.86TWADX Value Fund APairCorr
  1.0TWCAX Select Fund APairCorr
  0.84TWBIX Balanced Fund InvestorPairCorr
  0.74AMVGX Mid Cap ValuePairCorr
  0.78TWEAX Equity IncomePairCorr
  0.93TWHIX Heritage Fund InvestorPairCorr
  0.76TWSCX Strategic Allocation:PairCorr
  0.93TWSAX Strategic Allocation:PairCorr
  0.89TWSMX Strategic Allocation:PairCorr
  1.0TWSIX Select Fund IPairCorr
  0.85TWVLX Value Fund InvestorPairCorr
  0.99TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.67NPHIX High Income FundPairCorr
  0.9ANOIX Small Cap GrowthPairCorr
  0.95AAEVX American Century OnePairCorr
  0.88ASIUX Multi Asset Real Steady GrowthPairCorr
  0.87ASQIX Small Pany FundPairCorr
  0.83ASVIX Small Cap ValuePairCorr
  0.83ASVYX Small Cap ValuePairCorr
  0.95ACFOX Focused Dynamic GrowthPairCorr
  0.71ACHFX American Century HighPairCorr
  0.74ACMVX Mid Cap ValuePairCorr
  1.0ACSLX Select Fund CPairCorr
  0.99ADGGX Disciplined GrowthPairCorr
  0.99ADSIX Disciplined GrowthPairCorr
  0.86AVLIX Value Fund IPairCorr

Moving against Select Mutual Fund

  0.69TWACX Short Term GovernmentPairCorr
  0.47TWIEX International GrowthPairCorr
  0.47TGRIX International GrowthPairCorr
  0.34TWTIX Intermediate Term TaxPairCorr
  0.77ABTIX Government BondPairCorr
  0.74ACCKX Core Plus FundPairCorr
  0.74ACDOX American Century DivPairCorr
  0.38AFCSX Focused InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Select Mutual Fund performing well and Select Fund 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 Select Fund'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.

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