Selected American Correlations
SLADX Fund | USD 38.17 0.41 1.06% |
The current 90-days correlation between Selected American Shares and Ab Bond Inflation is -0.41 (i.e., Very good diversification). The correlation of Selected American 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.
Selected American Correlation With Market
Very good diversification
The correlation between Selected American Shares and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selected American Shares and DJI in the same portfolio, assuming nothing else is changed.
Selected |
Moving together with Selected Mutual Fund
0.98 | VVIAX | Vanguard Value Index | PairCorr |
0.98 | DOXGX | Dodge Cox Stock | PairCorr |
0.85 | AFMFX | American Mutual | PairCorr |
0.97 | FFMMX | American Funds American | PairCorr |
0.97 | FFFMX | American Funds American | PairCorr |
0.84 | AMRMX | American Mutual | PairCorr |
0.85 | AMFFX | American Mutual | PairCorr |
0.85 | AMFCX | American Mutual | PairCorr |
0.98 | DODGX | Dodge Stock Fund | PairCorr |
0.98 | VIVAX | Vanguard Value Index | PairCorr |
0.95 | ASG | Liberty All Star | PairCorr |
0.92 | IIF | Morgan Stanley India | PairCorr |
0.97 | CII | Blackrock Enhanced | PairCorr |
0.96 | ETV | Eaton Vance Tax | PairCorr |
0.94 | CLM | Cornerstone Strategic | PairCorr |
0.93 | CRF | Cornerstone Strategic | PairCorr |
0.94 | USA | Liberty All Star | PairCorr |
0.97 | ETY | Eaton Vance Tax | PairCorr |
0.97 | NFJ | Virtus Dividend Interest | PairCorr |
0.66 | INTC | Intel | PairCorr |
0.72 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
0.62 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.69 | CAT | Caterpillar | PairCorr |
0.65 | BAC | Bank of America Aggressive Push | PairCorr |
0.68 | IBM | International Business | PairCorr |
Moving against Selected Mutual Fund
Related Correlations Analysis
0.47 | 0.69 | 0.8 | 0.69 | 0.77 | ABNTX | ||
0.47 | 0.67 | 0.81 | 0.65 | 0.72 | TPYYX | ||
0.69 | 0.67 | 0.81 | 0.77 | 0.88 | ECDAX | ||
0.8 | 0.81 | 0.81 | 0.87 | 0.91 | SGYAX | ||
0.69 | 0.65 | 0.77 | 0.87 | 0.77 | CFNLX | ||
0.77 | 0.72 | 0.88 | 0.91 | 0.77 | BXHCX | ||
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Risk-Adjusted Indicators
There is a big difference between Selected Mutual Fund performing well and Selected American 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 Selected American'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ABNTX | 0.13 | 0.01 | (0.90) | (0.22) | 0.13 | 0.20 | 0.88 | |||
TPYYX | 0.61 | 0.16 | (0.11) | (3.07) | 0.53 | 1.43 | 3.81 | |||
ECDAX | 0.13 | (0.02) | (0.97) | 0.02 | 0.08 | 0.37 | 0.92 | |||
SGYAX | 0.14 | 0.05 | (1.18) | 3.35 | 0.00 | 0.44 | 0.99 | |||
CFNLX | 0.10 | 0.00 | (1.50) | 0.42 | 0.00 | 0.22 | 0.82 | |||
BXHCX | 0.13 | 0.03 | (1.11) | 0.58 | 0.00 | 0.49 | 0.98 |