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

0.98	VVIAX	Vanguard Value Index	Pair Corr
0.98	DOXGX	Dodge Cox Stock	Pair Corr
0.85	AFMFX	American Mutual	Pair Corr
0.97	FFMMX	American Funds American	Pair Corr
0.97	FFFMX	American Funds American	Pair Corr
0.84	AMRMX	American Mutual	Pair Corr
0.85	AMFFX	American Mutual	Pair Corr
0.85	AMFCX	American Mutual	Pair Corr
0.98	DODGX	Dodge Stock Fund	Pair Corr
0.98	VIVAX	Vanguard Value Index	Pair Corr
0.95	ASG	Liberty All Star	Pair Corr
0.92	IIF	Morgan Stanley India	Pair Corr
0.97	CII	Blackrock Enhanced	Pair Corr
0.96	ETV	Eaton Vance Tax	Pair Corr
0.94	CLM	Cornerstone Strategic	Pair Corr
0.93	CRF	Cornerstone Strategic	Pair Corr
0.94	USA	Liberty All Star	Pair Corr
0.97	ETY	Eaton Vance Tax	Pair Corr
0.97	NFJ	Virtus Dividend Interest	Pair Corr
0.66	INTC	Intel	Pair Corr
0.72	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.62	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.68	IBM	International Business	Pair Corr

Moving against Selected Mutual Fund

0.69	MCD	McDonalds	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	ABNTX	TPYYX	ECDAX	SGYAX	CFNLX	BXHCX
ABNTX		0.47	0.69	0.8	0.69	0.77	ABNTX
TPYYX	0.47		0.67	0.81	0.65	0.72	TPYYX
ECDAX	0.69	0.67		0.81	0.77	0.88	ECDAX
SGYAX	0.8	0.81	0.81		0.87	0.91	SGYAX
CFNLX	0.69	0.65	0.77	0.87		0.77	CFNLX
BXHCX	0.77	0.72	0.88	0.91	0.77		BXHCX
	ABNTX	TPYYX	ECDAX	SGYAX	CFNLX	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	(0.15)	0.20	(0.29)	0.88
TPYYX	0.61	0.16	(0.11)	(3.07)	0.53	(0.77)	1.43	(1.10)	3.81
ECDAX	0.13	(0.02)	(0.97)	0.02	0.08	(0.26)	0.37	(0.18)	0.92
SGYAX	0.14	0.05	(1.18)	3.35	0.00	(0.26)	0.44	(0.14)	0.99
CFNLX	0.10	0.00	(1.50)	0.42	0.00	(0.13)	0.22	(0.22)	0.82
BXHCX	0.13	0.03	(1.11)	0.58	0.00	(0.22)	0.49	(0.13)	0.98

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