Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund C
ACSLX Fund  USD 91.95  1.06  1.17%   
The current 90-days correlation between Select Fund C and Lord Abbett Inflation is 0.2 (i.e., Modest 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

Weak diversification

The correlation between Select Fund C and DJI is 0.38 (i.e., Weak 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 bureau of economic analysis.

Moving together with Select Mutual Fund

  0.64AMDVX Mid Cap ValuePairCorr
  0.67AMEIX Equity GrowthPairCorr
  0.71AMGIX Income GrowthPairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.98TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.64AMVYX Mid Cap ValuePairCorr
  0.89TWBIX Balanced Fund InvestorPairCorr
  0.64AMVGX Mid Cap ValuePairCorr
  0.94TWCUX Ultra Fund InvestorPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.82TWHIX Heritage Fund InvestorPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.7TWTCX Intermediate Term TaxPairCorr
  0.7TWTIX Intermediate Term TaxPairCorr
  0.67TWSCX Strategic Allocation:PairCorr
  0.77TWSAX Strategic AllocationPairCorr
  0.75TWSMX Strategic Allocation:PairCorr
  0.97TWSIX Select Fund IPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.91TWUIX Ultra Fund IPairCorr
  0.7TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ABNTX
+ 1.0
ANBIX
TIIHX
+ 0.9
ANBIX
ABNTX
+ 0.9
TIIHX
EVOIX
+ 0.77
RYIFX
ANBIX
+ 0.4
LIFAX
ABNTX
+ 0.4
LIFAX
  
High negative correlations   
ABNTX
- 0.4
RYIFX
RYIFX
- 0.4
TIIHX
RYIFX
- 0.4
ANBIX
EVOIX
- 0.29
TIIHX
ABNTX
- 0.24
EVOIX
EVOIX
- 0.23
ANBIX

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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