Selected American Correlations

Mutual Funds . USA . 
Fund . Selected American Shares
SLASX Fund  USD 37.95  0.07  0.18%   
The current 90-days correlation between Selected American Shares and Marsico Focus Fund is 0.23 (i.e., Modest 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

Very poor diversification

The correlation between Selected American Shares and DJI is 0.89 (i.e., Very poor 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 state.

Moving together with Selected Mutual Fund

  1.0SLADX Selected American SharesPairCorr
  0.97SLSSX Selected InternationalPairCorr
  0.97SLSDX Selected InternationalPairCorr
  0.75VVIAX Vanguard Value IndexPairCorr
  0.77DOXGX Dodge Cox StockPairCorr
  0.65AFMFX American MutualPairCorr
  0.65FFMMX American Funds AmericanPairCorr
  0.65FFFMX American Funds AmericanPairCorr
  0.74AMRMX American MutualPairCorr
  0.74AMFFX American MutualPairCorr
  0.74AMFCX American MutualPairCorr
  0.77DODGX Dodge Stock FundPairCorr
  0.75VIVAX Vanguard Value IndexPairCorr
  0.97SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.7SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.65TTEEX T Rowe PricePairCorr
  0.65TREMX T Rowe PricePairCorr
  0.63FIKGX Fidelity Advisor SemPairCorr
  0.68ONERX One Rock Fund Steady GrowthPairCorr
  0.73FELCX Fidelity Advisor SemPairCorr
  0.73FELIX Fidelity Advisor SemPairCorr
  0.73FSELX Fidelity Select SemiPairCorr
  0.73FELAX Fidelity Advisor SemPairCorr
  0.98BAFQX Brown AdvisoryPairCorr
  0.99MMDMX Massmutual SelectPairCorr
  0.93HCINX Institutional InternationalPairCorr
  0.94BIIVX Blackrock InternationalPairCorr
  0.73VSMAX Vanguard Small CapPairCorr
  0.74FAPTX American Funds 2025PairCorr
  0.74LIRIX Blackrock Lifepath IdxPairCorr
  0.98RSEGX Victory Rs SmallPairCorr
  0.87ANDIX Aqr InternationalPairCorr
  0.66SAMFX Ridgeworth Seix TotalPairCorr
  0.77JGECX Jhancock Global EquityPairCorr
  0.97AFRAX Invesco Floating RatePairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99LAMCX Lord Abbett CalibratedPairCorr
  0.94MAADX Morgan Stanley InstiPairCorr
  0.74GGFRX 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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