Select Fund Correlations

Mutual Funds . USA . 
Fund . Select Fund I
TWSIX Fund  USD 132.02  0.25  0.19%   
The current 90-days correlation between Select Fund I and Ultra Fund I 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

Almost no diversification

The correlation between Select Fund I and DJI is 0.93 (i.e., Almost no 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

  0.96TWSMX Strategic Allocation:PairCorr
  0.97ASERX Select Fund RPairCorr
  1.0ACSLX Select Fund CPairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.97CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.88FSMMX Fs Multi StrategyPairCorr
  0.91BTMPX Ishares Msci EafePairCorr
  0.91BTMKX Blackrock InternationalPairCorr
  0.94MDIIX Blackrock Intern IndexPairCorr
  0.73SPMPX Invesco Steelpath MlpPairCorr
  0.76MLPNX Oppenheimer Steelpath MlpPairCorr
  0.74MLPMX Oppenheimer Steelpath MlpPairCorr
  0.72SPMJX Invesco Steelpath MlpPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.95SIVIX State Street InstituPairCorr
  0.94IAF Aberdeen AustraliaPairCorr
  0.97BAC Bank of America Earnings Call TomorrowPairCorr
  0.86PFE Pfizer IncPairCorr
  0.73INTC IntelPairCorr
  0.68T ATT IncPairCorr
  0.91MMM 3M Company Earnings Call This WeekPairCorr
  0.96JPM JPMorgan Chase Earnings Call TodayPairCorr
  0.97DIS Walt DisneyPairCorr
  0.95BA Boeing Sell-off TrendPairCorr
  0.97AXP American Express Earnings Call This WeekPairCorr
  0.93IBM International BusinessPairCorr

Moving against Select Mutual Fund

  0.52MCD McDonaldsPairCorr

Related Correlations Analysis

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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.

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