Selected International Correlations

SLSSX Fund

USD 11.98 0.11 0.93%

The current 90-days correlation between Selected International and Selected American Shares is 0.57 (i.e., Very weak diversification). The correlation of Selected 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.

Selected International Correlation With Market

Weak diversification

The correlation between Selected International Fund and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selected International Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selected International 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 state.

Moving together with Selected Mutual Fund

0.88	RMQAX	Monthly Rebalance	Pair Corr
0.88	RMQHX	Monthly Rebalance	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against Selected Mutual Fund

0.59	BA	Boeing	Pair Corr
0.56	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	SLASX	BRWIX	MGRIX	MSEFX	MCGFX
SLASX		0.79	0.55	0.86	0.93	SLASX
BRWIX	0.79		0.76	0.8	0.82	BRWIX
MGRIX	0.55	0.76		0.76	0.68	MGRIX
MSEFX	0.86	0.8	0.76		0.88	MSEFX
MCGFX	0.93	0.82	0.68	0.88		MCGFX
	SLASX	BRWIX	MGRIX	MSEFX	MCGFX

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Risk-Adjusted Indicators

There is a big difference between Selected Mutual Fund performing well and Selected 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 Selected 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SLASX	0.81	(0.11)	0.00	(0.11)	0.00	0.00	1.21	(1.14)	15.00
BRWIX	0.62	(0.04)	0.00	(0.43)	0.00	0.00	1.01	(1.49)	4.43
MGRIX	1.03	0.02	(0.04)	(0.04)	1.75	(0.99)	1.75	(2.27)	8.99
MSEFX	0.61	(0.15)	0.00	(0.16)	0.00	0.00	1.10	(1.56)	7.25
MCGFX	0.87	(0.12)	0.00	(0.16)	0.00	0.00	1.47	(1.69)	10.58

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