Select Fund Correlations

TWSIX Fund

USD 130.67 1.27 0.98%

The current 90-days correlation between Select Fund I and Us Targeted Value is 0.39 (i.e., Weak diversification). The correlation of Select Fund 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 Fund Correlation With Market

Significant diversification

The correlation between Select Fund I and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund I 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 Select Fund I. 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 gross domestic product.

Moving together with Select Mutual Fund

0.64	AMEIX	Equity Growth	Pair Corr
0.87	TWCAX	Select Fund A	Pair Corr
1.0	TWCIX	Select Fund Investor	Pair Corr
0.93	TWCGX	Growth Fund Investor	Pair Corr
0.96	TWCUX	Ultra Fund Investor	Pair Corr
0.93	TWGIX	Growth Fund I	Pair Corr
0.81	TWHIX	Heritage Fund Investor	Pair Corr
0.84	TWUAX	Ultra Fund A	Pair Corr
0.96	TWUIX	Ultra Fund I	Pair Corr

Moving against Select Mutual Fund

0.42	TWAVX	Short Term Government	Pair Corr
0.41	AMDVX	Mid Cap Value	Pair Corr
0.4	CDBCX	Diversified Bond	Pair Corr
0.39	TWADX	Value Fund A	Pair Corr
0.38	TWARX	Short Term Government	Pair Corr
0.34	TWACX	Short Term Government	Pair Corr
0.48	TWTCX	Intermediate Term Tax	Pair Corr
0.48	TWTIX	Intermediate Term Tax	Pair Corr
0.47	TWEAX	Equity Income	Pair Corr
0.47	TWEIX	Equity Income	Pair Corr
0.39	TWUSX	Short Term Government	Pair Corr
0.49	TWWOX	Intermediate Term Tax	Pair Corr
0.42	TWUOX	Short Term Government	Pair Corr
0.38	TWVLX	Value Fund Investor	Pair Corr

Related Correlations Analysis

	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX
OTCIX		0.09	-0.26	-0.2	-0.26	-0.01	0.92	-0.13	-0.14	-0.17	OTCIX
TEPLX	0.09		0.88	0.85	0.88	0.89	0.03	0.92	0.92	0.87	TEPLX
LZOEX	-0.26	0.88		0.95	1.0	0.91	-0.33	0.97	0.95	0.94	LZOEX
DFSVX	-0.2	0.85	0.95		0.95	0.98	-0.28	0.96	0.96	1.0	DFSVX
RLEMX	-0.26	0.88	1.0	0.95		0.91	-0.33	0.97	0.95	0.94	RLEMX
DFSTX	-0.01	0.89	0.91	0.98	0.91		-0.12	0.95	0.95	0.99	DFSTX
VAFIX	0.92	0.03	-0.33	-0.28	-0.33	-0.12		-0.19	-0.19	-0.26	VAFIX
DFISX	-0.13	0.92	0.97	0.96	0.97	0.95	-0.19		0.98	0.96	DFISX
MRSKX	-0.14	0.92	0.95	0.96	0.95	0.95	-0.19	0.98		0.96	MRSKX
DFFVX	-0.17	0.87	0.94	1.0	0.94	0.99	-0.26	0.96	0.96		DFFVX
	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX

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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

RLEMX	+ 1.0	LZOEX
DFFVX	+ 1.0	DFSVX
DFFVX	+ 0.99	DFSTX
DFSTX	+ 0.98	DFSVX
MRSKX	+ 0.98	DFISX
DFISX	+ 0.97	LZOEX

High negative correlations

VAFIX	- 0.33	RLEMX
VAFIX	- 0.33	LZOEX
VAFIX	- 0.28	DFSVX
DFFVX	- 0.26	VAFIX
RLEMX	- 0.26	OTCIX
LZOEX	- 0.26	OTCIX

Risk-Adjusted Indicators

There is a big difference between Select Mutual Fund performing well and Select Fund 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 Fund'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
OTCIX	0.89	(0.09)	(0.07)	0.01	1.11	(0.91)	1.38	(1.86)	5.64
TEPLX	0.59	0.11	0.00	(0.52)	0.68	(0.60)	1.26	(1.25)	3.87
LZOEX	0.51	0.24	0.32	0.64	0.00	(0.63)	1.32	(0.81)	2.66
DFSVX	0.84	0.15	0.19	0.22	0.53	(1.01)	2.60	(1.40)	5.68
RLEMX	0.52	0.24	0.31	0.64	0.00	(0.65)	1.33	(0.80)	2.64
DFSTX	0.77	0.10	0.14	0.18	0.57	(0.91)	2.29	(1.34)	5.00
VAFIX	0.90	(0.07)	(0.05)	0.01	1.42	(0.80)	1.71	(2.50)	5.85
DFISX	0.55	0.19	0.19	0.40	0.38	(0.64)	1.50	(1.18)	3.57
MRSKX	0.51	0.22	0.33	0.56	0.00	(0.66)	1.50	(0.64)	4.22
DFFVX	0.79	0.15	0.19	0.22	0.45	(0.95)	2.49	(1.35)	5.46

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