Select Us Correlations

Mutual Funds . USA . 
Fund . Select Equity Fund
RTDSX Fund  USD 13.40  0.03  0.22%   
The current 90-days correlation between Select Equity and Pace Smallmedium Value is -0.03 (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

Very poor diversification

The correlation between Select Equity Fund and DJI is 0.8 (i.e., Very 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 producer price index.

Moving together with Select Mutual Fund

  0.96RNTTX International DevelopedPairCorr
  0.94RALAX Growth StrategyPairCorr
  0.93RSCRX Us Small CapPairCorr
  0.66RSYTX Strategic BondPairCorr
  0.96RBLCX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  0.79RTEAX Tax Exempt BondPairCorr
  0.84RTIUX Tax-managed InternationalPairCorr
  0.67RTLCX Tax Managed LargePairCorr
  0.69RTLAX Tax Managed LargePairCorr
  0.84RTNSX Tax-managed InternationalPairCorr
  0.72RTMTX Tax Managed LargePairCorr
  0.84RTNCX Tax-managed InternationalPairCorr
  0.78RTOUX Tax Managed MidPairCorr
  0.78RTSCX Tax Managed MidPairCorr
  0.7RTXSX Russell Investment TaxPairCorr
  0.87RDBRX Short Duration BondPairCorr
  0.94REAAX Equity Growth StrategyPairCorr
  0.97RELCX Equity Growth StrategyPairCorr
  1.0REQAX Us Defensive EquityPairCorr
  0.72RETSX Tax Managed LargePairCorr
  0.64RFDAX Strategic BondPairCorr
  0.97RGDTX Global EquityPairCorr
  0.85RGCAX Global OpportunisticPairCorr
  0.9RGFTX Global InfrastructurePairCorr
  0.97RGECX Global EquityPairCorr
  0.62RHYTX Tax Exempt HighPairCorr
  0.93RLESX Us Small CapPairCorr
  0.97RLGYX Global EquityPairCorr
  0.91RMGSX Multi Asset GrowthPairCorr

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.

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