Selected American Correlations

Mutual Funds . USA . 
Fund . Selected American Shares
SLADX Fund  USD 38.17  0.41  1.06%   
The current 90-days correlation between Selected American Shares and Invesco Gold Special is 0.08 (i.e., Significant 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

Almost no diversification

The correlation between Selected American Shares and DJI is 0.9 (i.e., Almost no 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

  1.0SLASX Selected American SharesPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.96AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.71TCREX Tiaa Cref RealPairCorr
  0.96NSGRX Northern Small CapPairCorr
  0.79ARYMX Global Real EstatePairCorr
  0.78CRTBX Conquer Risk TacticalPairCorr
  0.98RRSUX T Rowe PricePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.94USBAX Usaa Ultra ShortPairCorr
  0.94HRLCX Hartford GlobalPairCorr
  0.98VAFNX Invesco American FraPairCorr
  0.97RAHTX American Funds 2045PairCorr
  0.97WEBAX Teton Westwood BalancedPairCorr
  0.96LMPIX Clearbridge AppreciationPairCorr
  0.86LIFQX Lord Abbett InflationPairCorr
  0.95RVPHX Royce Smaller CompaniesPairCorr
  0.93GTCAX Gamco Global Telecom Steady GrowthPairCorr
  0.96RNCOX Rivernorth E OpportunityPairCorr
  0.99QSMNX Aqr Small CapPairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.93TNBRX 1290 Smartbeta EquityPairCorr
  0.75SWCAX Schwab California TaxPairCorr
  0.99JBTBX Jpmorgan Smartretirement*PairCorr

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.

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