Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund I
TWSIX Fund  USD 134.92  0.40  0.30%   
The current 90-days correlation between Select Fund I and Mid Cap Value is 0.8 (i.e., Very 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

  0.76AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.71AMKIX Emerging MarketsPairCorr
  0.75TWACX Short Term GovernmentPairCorr
  0.96TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.69TWBIX Balanced Fund InvestorPairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.98TWHIX Heritage Fund Investor Potential GrowthPairCorr
  0.71TWMIX Emerging MarketsPairCorr
  0.99TWRCX Growth Fund CPairCorr
  0.72TWTIX Intermediate Term TaxPairCorr
  0.93TWSCX Strategic AllocationPairCorr
  0.95TWVLX Value Fund InvestorPairCorr
  0.97ANORX Small Cap GrowthPairCorr
  0.75ANONX Small Cap GrowthPairCorr
  0.96ANOIX Small Cap GrowthPairCorr
  0.93ANTUX Nt Non IntrinsicPairCorr
  0.92AOCIX One Choice PortfolioPairCorr
  0.92AOMIX One Choice PortfolioPairCorr
  0.92AOVIX One Choice PortfolioPairCorr
  0.65BCHIX California High YieldPairCorr
  0.7BCIAX California Intermediate-terPairCorr
  0.61BCHYX California High YieldPairCorr
  0.69BCIYX California Intermediate-terPairCorr
  0.73BCITX California Intermediate-terPairCorr
  0.9BULIX Utilities Fund InvestorPairCorr
  0.93ARCSX One Choice 2030PairCorr
  0.93ARDVX One Choice 2040PairCorr
  0.93ARFVX One Choice 2050PairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY