Select Equity Correlations
| RTDSX Fund | USD 17.81 0.06 0.34% |
The current 90-days correlation between Select Equity and Jpmorgan High Yield is -0.14 (i.e., Good diversification). The correlation of Select Equity 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 |
Related Correlations Analysis
| 0.97 | 0.96 | 0.22 | 0.44 | 0.83 | JYHRX | ||
| 0.97 | 0.91 | 0.14 | 0.37 | 0.76 | RIMOX | ||
| 0.96 | 0.91 | 0.15 | 0.37 | 0.88 | MZHIX | ||
| 0.22 | 0.14 | 0.15 | 0.88 | 0.28 | CHMCX | ||
| 0.44 | 0.37 | 0.37 | 0.88 | 0.36 | RTHAX | ||
| 0.83 | 0.76 | 0.88 | 0.28 | 0.36 | IPIMX | ||
Risk-Adjusted Indicators
There is a big difference between Select Mutual Fund performing well and Select Equity 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 Equity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JYHRX | 0.08 | 0.01 | (0.32) | 0.19 | 0.00 | 0.15 | 0.46 | |||
| RIMOX | 0.06 | 0.01 | (0.73) | 0.28 | 0.00 | 0.20 | 0.30 | |||
| MZHIX | 0.10 | 0.00 | (0.33) | 0.05 | 0.00 | 0.25 | 0.63 | |||
| CHMCX | 0.10 | 0.00 | (0.31) | 0.11 | 0.03 | 0.22 | 0.88 | |||
| RTHAX | 0.07 | 0.00 | (0.35) | 0.38 | 0.00 | 0.21 | 0.52 | |||
| IPIMX | 0.12 | 0.00 | (0.35) | 0.01 | 0.07 | 0.34 | 0.80 |