Select International Correlations

RTISX Fund

USD 10.61 0.07 0.66%

The current 90-days correlation between Select International and Dreyfus Government Cash is -0.1 (i.e., Good diversification). The correlation of Select International 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 International Correlation With Market

Very weak diversification

The correlation between Select International Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select International Equity 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 International Equity. 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 state.

Moving together with Select Mutual Fund

0.9	RNTTX	International Developed	Pair Corr
0.72	RREAX	Global Real Estate	Pair Corr
0.74	RREYX	Global Real Estate	Pair Corr
0.75	RRESX	Global Real Estate	Pair Corr
0.76	RRSCX	Global Real Estate	Pair Corr
0.75	RRSRX	Global Real Estate	Pair Corr
0.76	RSBRX	Strategic Bond	Pair Corr
0.68	RSBCX	Short Duration Bond	Pair Corr
0.64	RAZAX	Multi Asset Growth	Pair Corr
0.68	RAZCX	Multi Asset Growth	Pair Corr
0.7	RSYTX	Strategic Bond	Pair Corr
0.61	RTECX	Tax Exempt Bond	Pair Corr

Moving against Select Mutual Fund

0.53	RSESX	Us Strategic Equity	Pair Corr
0.51	RSEAX	Us Strategic Equity	Pair Corr
0.5	RSECX	Us Strategic Equity	Pair Corr
0.48	RSQAX	Us E Equity	Pair Corr
0.47	RSCRX	Us Small Cap	Pair Corr
0.51	RTDAX	Multifactor Equity	Pair Corr
0.51	RTDYX	Select Equity	Pair Corr
0.51	RTDSX	Select Equity	Pair Corr
0.51	RTDRX	Select Equity	Pair Corr
0.51	RTDTX	Select Equity	Pair Corr
0.51	RTLCX	Tax Managed Large	Pair Corr
0.5	RTDCX	Multifactor Equity	Pair Corr
0.47	RTLAX	Tax Managed Large	Pair Corr
0.47	RTMTX	Tax Managed Large	Pair Corr

Related Correlations Analysis

	DIPXX	DACGX	AGIVX	BIGLX	FISAX	CGTAX	USGFX
DIPXX		-0.77	0.47	-0.78	-0.01	-0.78	-0.78	DIPXX
DACGX	-0.77		-0.06	0.99	0.43	0.99	0.99	DACGX
AGIVX	0.47	-0.06		-0.09	0.8	-0.1	-0.1	AGIVX
BIGLX	-0.78	0.99	-0.09		0.4	0.99	0.99	BIGLX
FISAX	-0.01	0.43	0.8	0.4		0.4	0.41	FISAX
CGTAX	-0.78	0.99	-0.1	0.99	0.4		1.0	CGTAX
USGFX	-0.78	0.99	-0.1	0.99	0.41	1.0		USGFX
	DIPXX	DACGX	AGIVX	BIGLX	FISAX	CGTAX	USGFX

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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

USGFX	+ 1.0	CGTAX
BIGLX	+ 0.99	DACGX
CGTAX	+ 0.99	DACGX
USGFX	+ 0.99	DACGX
CGTAX	+ 0.99	BIGLX
USGFX	+ 0.99	BIGLX

High negative correlations

USGFX	- 0.78	DIPXX
CGTAX	- 0.78	DIPXX
BIGLX	- 0.78	DIPXX
DACGX	- 0.77	DIPXX
USGFX	- 0.1	AGIVX
CGTAX	- 0.1	AGIVX

Risk-Adjusted Indicators

There is a big difference between Select Mutual Fund performing well and Select International 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 International'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIPXX	0.03	0.01	0.00	(0.37)	0.00	0.00	0.00	1.01
DACGX	0.20	(0.01)	0.00	0.41	0.00	0.39	(0.48)	1.03
AGIVX	0.09	0.01	(0.67)	(0.50)	(0.21)	0.29	(0.14)	0.72
BIGLX	0.23	(0.02)	0.00	0.57	0.00	0.33	(0.55)	1.44
FISAX	0.07	0.00	(0.69)	0.08	(0.18)	0.13	(0.13)	0.80
CGTAX	0.22	(0.03)	0.00	0.55	0.00	0.41	(0.42)	1.48
USGFX	0.22	(0.03)	0.00	0.54	0.00	0.34	(0.42)	1.48

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