Us Government Correlations

Mutual Funds USA . 
Fund . Us Government Securities
GVTFX Fund  USD 11.93  0.01  0.08%   
The current 90-days correlation between Us Government Securities and Ab Discovery Value is -0.18 (i.e., Good diversification). The correlation of Us Government 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.

Us Government Correlation With Market

Good diversification

The correlation between Us Government Securities and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Us Government Securities. 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 census.

Moving together with GVTFX Mutual Fund

  0.91FPPPX American Funds PresePairCorr
  0.66TEBCX Tax Exempt BondPairCorr
  0.72TECCX Tax Exempt FundPairCorr
  0.66TECFX Tax Exempt FundPairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  0.7TEPCX American Funds TaxPairCorr
  0.61TEPAX American Funds TaxPairCorr

Moving against GVTFX Mutual Fund

  0.73RNGGX New Economy FundPairCorr
  0.73RNGHX New Economy FundPairCorr
  0.73RNNEX New Economy FundPairCorr
  0.72RNGFX New Economy FundPairCorr
  0.71RNGBX New Economy FundPairCorr
  0.71RNGAX New Economy FundPairCorr
  0.71RNGEX New Economy FundPairCorr
  0.71RNGCX New Economy FundPairCorr
  0.68AMPCX Amcap Fund ClassPairCorr
  0.68AMPFX Amcap Fund ClassPairCorr
  0.59AMFFX American MutualPairCorr
  0.58CDJAX American Funds CollegePairCorr
  0.57AMFCX American MutualPairCorr
  0.51AMECX Income FundPairCorr
  0.51AMEFX Income FundPairCorr
  0.47RNPHX New PerspectivePairCorr
  0.47RNPGX New PerspectivePairCorr
  0.47RNPFX New PerspectivePairCorr
  0.45RNPCX New PerspectivePairCorr
  0.44RNPBX New PerspectivePairCorr
  0.44RNPAX New PerspectivePairCorr
  0.73ANCFX American Funds FundaPairCorr
  0.71ANFCX New Economy FundPairCorr
  0.71ANEFX New Economy FundPairCorr
  0.71ANFFX New Economy FundPairCorr
  0.57AMRMX American MutualPairCorr
  0.57AMRFX American MutualPairCorr
  0.46RNPEX New PerspectivePairCorr
  0.46NPFFX New PerspectivePairCorr
  0.44NPFCX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GVTFX Mutual Fund performing well and Us Government 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 Us Government'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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