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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selected American Shares. 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 unemployment.

Moving together with Selected Mutual Fund

  0.98VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.85AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.84AMRMX American MutualPairCorr
  0.85AMFFX American MutualPairCorr
  0.85AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.95ASG Liberty All StarPairCorr
  0.92IIF Morgan Stanley IndiaPairCorr
  0.97CII Blackrock EnhancedPairCorr
  0.96ETV Eaton Vance TaxPairCorr
  0.94CLM Cornerstone StrategicPairCorr
  0.93CRF Cornerstone StrategicPairCorr
  0.94USA Liberty All StarPairCorr
  0.97ETY Eaton Vance TaxPairCorr
  0.97NFJ Virtus Dividend InterestPairCorr
  0.66INTC IntelPairCorr
  0.72CVX Chevron Corp Earnings Call This WeekPairCorr
  0.62XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.69CAT CaterpillarPairCorr
  0.65BAC Bank of America Aggressive PushPairCorr
  0.68IBM International BusinessPairCorr

Moving against Selected Mutual Fund

  0.69MCD McDonaldsPairCorr
  0.33HPQ HP IncPairCorr

Related Correlations Analysis

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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.