Select Fund Correlations
| ASDEX Fund | USD 135.36 1.00 0.74% |
The current 90-days correlation between Select Fund R6 and Lord Abbett Short is 0.14 (i.e., Average diversification). 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 good diversification
The correlation between Select Fund R6 and DJI is -0.22 (i.e., Very 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.
Select |
Moving together with Select Mutual Fund
| 0.61 | CDBCX | Diversified Bond | PairCorr |
| 1.0 | TWCAX | Select Fund A | PairCorr |
| 0.81 | TWTIX | Intermediate Term Tax | PairCorr |
| 0.98 | TWSMX | Strategic Allocation: | PairCorr |
| 0.97 | ANORX | Small Cap Growth | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSYFX | 0.15 | 0.05 | (0.88) | 0.57 | 0.00 | 0.73 | 1.27 | |||
| PHIAX | 0.13 | 0.00 | (0.80) | 0.00 | 0.00 | 0.35 | 0.83 | |||
| THYYX | 0.13 | 0.07 | (0.84) | (1.50) | 0.00 | 0.40 | 1.06 | |||
| PHDTX | 0.12 | 0.06 | (0.78) | (3.12) | 0.00 | 0.34 | 0.92 | |||
| BUFHX | 0.11 | 0.07 | (1.20) | (2.61) | 0.00 | 0.38 | 0.97 | |||
| JDHYX | 0.18 | 0.05 | (0.80) | 0.51 | 0.00 | 0.58 | 1.26 | |||
| PYRLX | 0.14 | 0.07 | (0.78) | (1.76) | 0.00 | 0.33 | 1.05 | |||
| FPIOX | 0.15 | 0.05 | (0.91) | 0.51 | 0.00 | 0.56 | 1.16 |