Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund C
ACSLX Fund  USD 92.46  0.06  0.06%   
The current 90-days correlation between Select Fund C and Mid Cap Value is 0.86 (i.e., Very poor diversification). The correlation of Select Fund 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.

Select Fund Correlation With Market

Very poor diversification

The correlation between Select Fund C and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund C and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Select Fund C. 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 SELECT Mutual Fund

  0.99AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.69AMKIX Emerging MarketsPairCorr
  0.75TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  1.0TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.76TWARX Short Term GovernmentPairCorr
  0.75TWAVX Short Term GovernmentPairCorr
  0.61TWBIX Balanced Fund InvestorPairCorr
  0.95TWEAX Equity IncomePairCorr
  0.96TWEIX Equity IncomePairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.73TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  1.0TWRCX Growth Fund CPairCorr
  0.7TWTCX Intermediate Term TaxPairCorr
  0.76TWTIX Intermediate Term TaxPairCorr
  0.93TWSCX Strategic Allocation:PairCorr
  0.92TWSAX Strategic Allocation:PairCorr
  0.92TWSMX Strategic Allocation:PairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  1.0TWUIX Ultra Fund IPairCorr
  0.75TWUOX Short Term GovernmentPairCorr
  0.97ANORX Small Cap GrowthPairCorr
  0.95ANTUX Nt Non IntrinsicPairCorr
  0.8ANTMX Nt International SmallPairCorr
  0.91AOCIX One Choice PortfolioPairCorr
  0.92AOGIX One Choice PortfolioPairCorr
  0.92AOMIX One Choice PortfolioPairCorr
  0.76AONIX One Choice PortfolioPairCorr
  0.93AOOIX One Choice 2045PairCorr
  0.77AORSX One Choice PortfolioPairCorr
  0.92AORMX One Choice PortfolioPairCorr
  0.77AORHX One Choice PortfolioPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between SELECT Mutual Fund performing well and Select Fund 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 Select Fund'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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