Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund I
TWSIX Fund  USD 136.05  0.16  0.12%   
The current 90-days correlation between Select Fund I and Mid Cap Value is 0.78 (i.e., Poor 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

Very poor diversification

The correlation between Select Fund I and DJI is 0.84 (i.e., Very poor 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

  0.75AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.7AMKIX Emerging MarketsPairCorr
  0.74TWACX Short Term GovernmentPairCorr
  0.94TWADX Value Fund APairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.72TWARX Short Term GovernmentPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.67TWBIX Balanced Fund InvestorPairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.95TWEIX Equity IncomePairCorr
  0.89TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.77TWIEX International GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.7TWMIX Emerging MarketsPairCorr
  0.73TWTCX Intermediate Term TaxPairCorr
  0.75TWTIX Intermediate Term TaxPairCorr
  0.93TWSCX Strategic Allocation:PairCorr
  0.92TWSAX Strategic Allocation:PairCorr
  0.93TWSMX Strategic Allocation:PairCorr
  0.73TWUSX Short Term GovernmentPairCorr
  0.95TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  1.0TWUIX Ultra Fund IPairCorr
  0.73TWUOX Short Term GovernmentPairCorr
  0.76ANONX Small Cap GrowthPairCorr
  0.96ANOIX Small Cap GrowthPairCorr
  0.93ANTUX Nt Non IntrinsicPairCorr
  0.81ANTMX Nt International SmallPairCorr

Related Correlations Analysis


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.

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