Select Us Correlations

Mutual Funds USA . 
Fund . Select Equity Fund
RTDRX Fund  USD 13.29  0.07  0.52%   
The current 90-days correlation between Select Equity and Growth Strategy Fund is -0.09 (i.e., Good diversification). The correlation of Select Us 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 Us Correlation With Market

Poor diversification

The correlation between Select Equity Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Equity Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Select Equity Fund. 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 real.

Moving together with Select Mutual Fund

  0.93RNTTX International DevelopedPairCorr
  0.73RALAX Growth StrategyPairCorr
  0.73RALCX Growth StrategyPairCorr
  0.73RALSX Growth StrategyPairCorr
  0.73RALRX Growth StrategyPairCorr
  0.92RALVX Growth StrategyPairCorr
  0.7RSBTX Short Duration BondPairCorr
  0.71RSBYX Short Duration BondPairCorr
  0.92RSCRX Us Small CapPairCorr
  0.71RSBCX Short Duration BondPairCorr
  0.71RSDTX Short Duration BondPairCorr
  0.81RAZAX Multi Asset GrowthPairCorr
  0.81RAZCX Multi Asset GrowthPairCorr
  0.71RSQAX Us E EquityPairCorr
  0.66RBCUX Tax Exempt BondPairCorr
  0.71RBLCX Balanced StrategyPairCorr
  0.72RBLAX Balanced StrategyPairCorr
  0.71RBLSX Balanced StrategyPairCorr
  0.89RBLVX Balanced StrategyPairCorr
  0.72RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  1.0RTDCX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr
  0.65RTEAX Tax Exempt BondPairCorr
  0.64RTECX Tax Exempt BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Select Mutual Fund performing well and Select Us 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 Us' 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.54  0.24  0.34  0.63  0.00 
(0.67)
 1.38 
(0.88)
 7.39 
RREAX  0.44  0.14  0.11  0.58  0.31 
(0.49)
 1.04 
(0.83)
 2.58 
RREYX  0.43  0.14  0.11  0.67  0.31 
(0.48)
 1.03 
(0.80)
 2.57 
RRESX  0.43  0.14  0.11  0.67  0.31 
(0.47)
 1.03 
(0.80)
 2.60 
RRSCX  0.43  0.13  0.10  0.64  0.33 
(0.48)
 1.03 
(0.85)
 2.57 
RRSRX  0.44  0.14  0.11  0.66  0.32 
(0.47)
 1.06 
(0.84)
 2.57 
RALAX  0.39  0.07  0.07  0.21  0.26 
(0.44)
 0.91 
(0.69)
 2.45 
RALCX  0.40  0.07  0.06  0.20  0.26 
(0.48)
 0.92 
(0.67)
 2.45 
RALSX  0.40  0.07  0.07  0.21  0.27 
(0.47)
 0.92 
(0.66)
 2.52 
RALRX  0.40  0.07  0.06  0.21  0.26 
(0.45)
 0.88 
(0.74)
 2.58 

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