Selected American Correlations

Mutual Funds USA . 
Fund . Selected American Shares
SLADX Fund  USD 38.55  0.02  0.05%   
The current 90-days correlation between Selected American Shares and Clarion Partners Real is 0.02 (i.e., Significant diversification). The correlation of Selected American 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 American Correlation With Market

Almost no diversification

The correlation between Selected American Shares and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selected American Shares 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 American Shares. 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 unemployment.

Moving together with Selected Mutual Fund

  1.0SLASX Selected American SharesPairCorr
  0.94SLSSX Selected InternationalPairCorr
  0.97SLSDX Selected InternationalPairCorr
  0.95VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.95AFMFX American MutualPairCorr
  0.99FFMMX American Funds AmericanPairCorr
  0.99FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.95DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.95SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95TTEEX T Rowe PricePairCorr
  0.96TREMX T Rowe PricePairCorr
  0.96FIKGX Fidelity Advisor SemPairCorr
  0.99ONERX One Rock Fund Steady GrowthPairCorr
  0.98FELCX Fidelity Advisor SemPairCorr
  0.98FELIX Fidelity Advisor SemPairCorr
  0.96FSELX Fidelity Select SemiPairCorr
  0.96FELAX Fidelity Advisor SemPairCorr
  0.95BAFQX Brown AdvisoryPairCorr
  0.95MMDMX Massmutual SelectPairCorr
  0.93HCINX Institutional InternationalPairCorr
  0.93BIIVX Blackrock InternationalPairCorr
  0.95VSMAX Vanguard Small CapPairCorr
  0.99FAPTX American Funds 2025PairCorr
  0.99LIRIX Blackrock Lifepath IdxPairCorr
  0.95RSEGX Victory Rs SmallPairCorr
  0.85ANDIX Aqr InternationalPairCorr
  0.62SAMFX Ridgeworth Seix TotalPairCorr
  0.95JGECX Jhancock Global EquityPairCorr
  0.94AFRAX Invesco Floating RatePairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.99LAMCX Lord Abbett CalibratedPairCorr
  0.93MAADX Morgan Stanley InstiPairCorr
  0.96GGFRX Nationwide GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Selected Mutual Fund performing well and Selected American 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 American'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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