Government High Correlations

CMPGX Fund

USD 8.93 0.03 0.33%

The current 90-days correlation between Government High Quality and Aam Select Income is 0.88 (i.e., Very poor diversification). The correlation of Government High 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.

Government High Correlation With Market

Significant diversification

The correlation between Government High Quality and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government High Quality and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Government High Quality. 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 price.

Moving together with Government Mutual Fund

0.76	PFIJX	Strategic Asset Mana	Pair Corr
0.82	PFIEX	International Equity	Pair Corr
0.76	PFIFX	Strategic Asset Mana	Pair Corr
0.8	PFISX	International Small Pany	Pair Corr
0.74	PFIPX	Strategic Asset Mana	Pair Corr
0.8	PFRSX	Real Estate Securities	Pair Corr
0.76	SAUPX	Strategic Asset Mana	Pair Corr
0.77	PFUMX	Finisterre Unconstrained	Pair Corr
0.92	PGBAX	Global Diversified Income	Pair Corr
0.92	PGBLX	Global Diversified Income	Pair Corr
0.94	PGDCX	Global Diversified Income	Pair Corr
0.92	PGDIX	Global Diversified Income	Pair Corr
0.87	STCCX	Short Term Income	Pair Corr
0.74	PGRUX	Global Real Estate	Pair Corr
0.69	PGSLX	Principal Global Sus	Pair Corr
0.74	PGRKX	Global Real Estate	Pair Corr
0.64	PYHIX	High Yield Fund	Pair Corr
0.63	PHJFX	Principal Lifetime Hybrid	Pair Corr

Moving against Government Mutual Fund

0.51	PFPPX	Midcap Growth	Pair Corr
0.51	PGWIX	Midcap Growth	Pair Corr
0.31	PGRTX	Smallcap Growth	Pair Corr
0.51	PHPPX	Midcap Growth	Pair Corr

Related Correlations Analysis

	CPUCX	PIEQX	NQCRX	LMAPX	EICVX	ARHBX
CPUCX		0.8	0.36	0.53	0.73	0.77	CPUCX
PIEQX	0.8		0.31	0.82	0.93	0.92	PIEQX
NQCRX	0.36	0.31		0.47	0.5	0.26	NQCRX
LMAPX	0.53	0.82	0.47		0.91	0.65	LMAPX
EICVX	0.73	0.93	0.5	0.91		0.83	EICVX
ARHBX	0.77	0.92	0.26	0.65	0.83		ARHBX
	CPUCX	PIEQX	NQCRX	LMAPX	EICVX	ARHBX

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Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government High 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 Government High'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
CPUCX	0.26	(0.01)	0.00	(0.34)	0.00	0.00	0.44	(0.54)	1.45
PIEQX	0.67	0.14	0.20	0.13	0.82	(0.76)	1.55	(1.17)	4.73
NQCRX	0.75	(0.03)	0.00	(0.15)	0.00	0.00	1.42	(2.01)	4.95
LMAPX	0.12	0.01	0.41	(0.01)	0.14	(0.17)	0.24	(0.24)	0.94
EICVX	0.60	0.08	0.17	0.05	0.78	(0.60)	1.21	(1.42)	2.93
ARHBX	0.64	0.12	0.22	0.14	0.69	(0.76)	1.38	(1.41)	4.56

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