Selected American Correlations

Mutual Funds . USA . 
Fund . Selected American Shares
SLASX Fund  USD 37.99  0.04  0.11%   
The current 90-days correlation between Selected American Shares and Marsico Focus Fund is 0.85 (i.e., Very poor 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 poor diversification

The correlation between Selected American Shares and DJI is 0.89 (i.e., Very poor 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 state.

Moving together with Selected Mutual Fund

  1.0SLADX Selected American SharesPairCorr
  0.97SLSSX Selected InternationalPairCorr
  0.97SLSDX Selected InternationalPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.99AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.96TTEEX T Rowe PricePairCorr
  0.96TREMX T Rowe PricePairCorr
  0.98FIKGX Fidelity Advisor SemPairCorr
  0.98ONERX One Rock FundPairCorr
  0.98FELCX Fidelity Advisor SemPairCorr
  0.98FELIX Fidelity Advisor SemPairCorr
  0.98FSELX Fidelity Select SemiPairCorr
  0.98FELAX Fidelity Advisor SemPairCorr
  0.98BAFQX Brown AdvisoryPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.93HCINX Institutional InternationalPairCorr
  0.94BIIVX Blackrock InternationalPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.99FAPTX American Funds 2025PairCorr
  0.99LIRIX Blackrock Lifepath IdxPairCorr
  0.98RSEGX Victory Rs SmallPairCorr
  0.87ANDIX Aqr InternationalPairCorr
  0.66SAMFX Ridgeworth Seix TotalPairCorr
  0.98JGECX Jhancock Global EquityPairCorr
  0.97AFRAX Invesco Floating RatePairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99LAMCX Lord Abbett CalibratedPairCorr
  0.97MAADX Morgan Stanley InstiPairCorr
  0.99GGFRX Nationwide GrowthPairCorr

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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