Select Fund Correlations

Mutual Funds USA . 
Fund . Select Fund R6
ASDEX Fund  USD 135.13  0.47  0.35%   
The current 90-days correlation between Select Fund R6 and Select Fund A 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

Good diversification

The correlation between Select Fund R6 and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund R6 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 R6. 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 income.

Moving together with Select Mutual Fund

  0.99TWSMX Strategic Allocation:PairCorr
  0.98ASERX Select Fund RPairCorr
  0.98ACSLX Select Fund CPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.89FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.63MLPNX Oppenheimer Steelpath MlpPairCorr
  0.61SPMJX Invesco Steelpath MlpPairCorr
  0.97TEQAX Touchstone SustainabilityPairCorr
  0.95SIVIX State Street InstituPairCorr
  0.94IAF Aberdeen AustraliaPairCorr
  0.96BAC Bank of America Aggressive PushPairCorr
  0.82PFE Pfizer IncPairCorr
  0.71INTC Intel Earnings Call TomorrowPairCorr
  0.88MMM 3M CompanyPairCorr
  0.94JPM JPMorgan ChasePairCorr
  0.95DIS Walt DisneyPairCorr
  0.94BA Boeing Earnings Call This WeekPairCorr
  0.93AXP American ExpressPairCorr
  0.91IBM International Business Earnings Call TodayPairCorr

Moving against Select Mutual Fund

  0.65MCD McDonaldsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TWCAX  0.84  0.30  0.11 (2.79) 0.74 
(0.99)
 2.56 
(1.36)
 6.01 
AMDVX  0.70  0.13 (0.06)(0.83) 0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.63  0.13  0.14  0.31  0.28 
(0.72)
 2.06 
(0.80)
 5.23 
AMGIX  0.61  0.17 (0.03)(0.97) 0.57 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.27  0.02 (0.42) 2.02  0.25 
(0.31)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.26  0.14  18.21  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (1.15) 0.01  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.64  0.15 (0.05)(0.84) 0.63 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.81  0.14  0.15  0.31  0.52 
(0.93)
 2.46 
(1.28)
 6.00 
TWCIX  0.84  0.30  0.11 (2.78) 0.74 
(0.96)
 2.56 
(1.36)
 6.01 

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