Select Us Correlations

Mutual Funds . USA . 
Fund . Select Equity Fund
RTDTX Fund  USD 13.22  0.02  0.15%   
The current 90-days correlation between Select Equity and Shelton Green Alpha is 0.08 (i.e., Significant 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 persons.

Moving together with Select Mutual Fund

  0.71RNTTX International DevelopedPairCorr
  0.94RALCX Growth StrategyPairCorr
  0.94RALSX Growth StrategyPairCorr
  0.94RALVX Growth StrategyPairCorr
  0.62RSBRX Strategic BondPairCorr
  0.83RSBTX Short Duration BondPairCorr
  0.84RSBYX Short Duration BondPairCorr
  0.94RSCRX Us Small CapPairCorr
  0.84RSBCX Short Duration BondPairCorr
  0.99RSECX Us Strategic EquityPairCorr
  0.99RSEAX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.83RSDTX Short Duration BondPairCorr
  0.89RAZAX Multi Asset GrowthPairCorr
  0.89RAZCX Multi Asset GrowthPairCorr
  0.98RSQAX Us E EquityPairCorr
  0.75RBCUX Tax Exempt BondPairCorr
  0.63RSYTX Strategic BondPairCorr
  0.93RBLCX Balanced StrategyPairCorr
  0.93RBLAX Balanced StrategyPairCorr
  0.93RBLSX Balanced StrategyPairCorr
  0.93RBLVX Balanced StrategyPairCorr
  0.93RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  1.0RTDCX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  0.73RTEAX Tax Exempt BondPairCorr
  0.72RTECX 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.

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