Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund I
TWSIX Fund  USD 125.49  0.07  0.06%   
The current 90-days correlation between Select Fund I and Ultra Fund I is 0.99 (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

Very weak diversification

The correlation between Select Fund I and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund I 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 Select Fund I. 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 gross domestic product.

Moving together with Select Mutual Fund

  0.75AMEIX Equity GrowthPairCorr
  0.95TWCCX Ultra Fund CPairCorr
  1.0TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.86TWBIX Balanced Fund InvestorPairCorr
  0.64AMVGX Mid Cap ValuePairCorr
  0.73TWCUX Ultra Fund InvestorPairCorr
  0.73TWGGX Global GrowthPairCorr
  0.74TWHIX Heritage Fund InvestorPairCorr
  0.62TWTCX Intermediate Term TaxPairCorr
  0.7TWSCX Strategic AllocationPairCorr
  0.73TWSAX Strategic AllocationPairCorr
  0.74TWSMX Strategic AllocationPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr

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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