Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund R
ASERX Fund  USD 113.40  2.02  1.81%   
The current 90-days correlation between Select Fund R and Mid Cap Value is 0.82 (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 R and DJI is 0.83 (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 R 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 R. 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 inflation.

Moving together with SELECT Mutual Fund

  0.95AMGIX Income GrowthPairCorr
  0.69AMKIX Emerging MarketsPairCorr
  0.76TWACX Short Term GovernmentPairCorr
  1.0TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.75TWARX Short Term GovernmentPairCorr
  0.77TWAVX Short Term GovernmentPairCorr
  0.68TWBIX Balanced Fund InvestorPairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.79TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.69TWMIX Emerging MarketsPairCorr
  0.68TWTCX Intermediate Term TaxPairCorr
  0.71TWTIX Intermediate Term TaxPairCorr
  0.92TWSCX Strategic AllocationPairCorr
  0.91TWSAX Strategic AllocationPairCorr
  0.92TWSMX Strategic AllocationPairCorr
  0.78TWUSX Short Term GovernmentPairCorr
  0.93TWVLX Value Fund InvestorPairCorr
  1.0TWUIX Ultra Fund IPairCorr
  0.78TWUOX Short Term GovernmentPairCorr
  0.82NPHIX High Income FundPairCorr
  0.96ANOGX Small Cap GrowthPairCorr
  0.97ANOCX Small Cap GrowthPairCorr
  0.91ANTUX Nt Non IntrinsicPairCorr
  0.79ANTSX Nt International SmallPairCorr
  0.91AOCIX One Choice PortfolioPairCorr
  0.91AOGIX One Choice PortfolioPairCorr
  0.91AOMIX One Choice PortfolioPairCorr
  0.92AOOIX One Choice 2045PairCorr
  0.91AOVIX One Choice Portfolio Potential GrowthPairCorr
  0.66BCHIX California High YieldPairCorr
  0.92AREVX One Choice 2055PairCorr
  0.92ARDVX One Choice 2040PairCorr
  0.92ARFVX One Choice 2050PairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY