Select Fund Correlations

TWCIX Fund

USD 138.62 0.61 0.44%

The current 90-days correlation between Select Fund Investor and Select Fund R6 is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Select Fund Investor and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Fund Investor 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 Investor. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Select Mutual Fund

0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.98	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.88	SMPSX	Semiconductor Ultrasector	Pair Corr
0.89	SMPIX	Semiconductor Ultrasector	Pair Corr
0.84	RSNRX	Victory Global Natural	Pair Corr
0.84	RSNYX	Victory Global Natural	Pair Corr
0.83	RGNCX	Victory Global Natural	Pair Corr
0.65	XOM	Exxon Mobil Corp	Pair Corr
0.65	IBM	International Business Earnings Call This Week	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.87	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.79	AXP	American Express	Pair Corr
0.79	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.69	WMT	Walmart	Pair Corr

Moving against Select Mutual Fund

0.51	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.5	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.5	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.5	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	KO	Coca Cola Earnings Call This Week	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.31	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ASDEX	PNOYX	PRRAX	HGOSX	HGOAX	HGOYX	MMACX	HHHSX	AMIGX	GAB
ASDEX		0.98	0.02	0.98	0.98	0.98	0.93	0.98	0.97	0.86	ASDEX
PNOYX	0.98		0.12	0.95	0.95	0.95	0.93	0.97	0.98	0.83	PNOYX
PRRAX	0.02	0.12		0.03	0.03	0.03	0.21	0.09	0.13	0.22	PRRAX
HGOSX	0.98	0.95	0.03		1.0	1.0	0.93	0.93	0.93	0.86	HGOSX
HGOAX	0.98	0.95	0.03	1.0		1.0	0.93	0.93	0.93	0.86	HGOAX
HGOYX	0.98	0.95	0.03	1.0	1.0		0.93	0.93	0.94	0.86	HGOYX
MMACX	0.93	0.93	0.21	0.93	0.93	0.93		0.92	0.89	0.91	MMACX
HHHSX	0.98	0.97	0.09	0.93	0.93	0.93	0.92		0.98	0.83	HHHSX
AMIGX	0.97	0.98	0.13	0.93	0.93	0.94	0.89	0.98		0.79	AMIGX
GAB	0.86	0.83	0.22	0.86	0.86	0.86	0.91	0.83	0.79		GAB
	ASDEX	PNOYX	PRRAX	HGOSX	HGOAX	HGOYX	MMACX	HHHSX	AMIGX	GAB

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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
ASDEX	0.64	0.13	0.06	(0.40)	0.86	(0.66)	1.21	(1.20)	5.22
PNOYX	0.53	0.08	0.03	(0.29)	0.69	(0.56)	1.18	(0.90)	4.27
PRRAX	0.64	0.00	(0.07)	0.20	0.73	(0.74)	1.48	(1.45)	3.48
HGOSX	0.75	0.09	0.03	(0.23)	0.96	(0.81)	1.68	(1.39)	5.65
HGOAX	0.75	0.09	0.03	(0.23)	0.96	(0.81)	1.69	(1.40)	5.65
HGOYX	0.75	0.09	0.03	(0.23)	0.96	(0.81)	1.68	(1.39)	5.65
MMACX	0.28	0.04	(0.05)	(0.21)	0.29	(0.30)	0.69	(0.45)	2.36
HHHSX	0.70	0.20	0.14	(2.15)	0.80	(0.80)	1.54	(0.94)	5.66
AMIGX	0.68	0.15	0.11	(0.61)	0.68	(0.77)	1.27	(1.05)	5.16
GAB	0.56	0.04	(0.01)	(0.43)	0.75	(0.60)	1.19	(1.32)	4.16

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