Short-term Government Correlations

Mutual Funds . USA . 
Fund . Short Term Government Securities
HOSGX Fund  USD 5.00  0.01  0.20%   
The current 90-days correlation between Short Term Government and Aqr Tm Emerging is -0.01 (i.e., Good diversification). The correlation of Short-term 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.

Short-term Government Correlation With Market

Good diversification

The correlation between Short Term Government Securiti and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Government Securiti 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 Short Term 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 price.

Moving together with Short-term Mutual Fund

  0.88HISIX International EquityPairCorr
  0.93HOIBX Homestead IntermediatePairCorr
  0.98HOSBX Short Term BondPairCorr
  0.96EASDX Eaton Vance ShortPairCorr
  0.97VFIRX Vanguard Short TermPairCorr
  0.97VFISX Vanguard Short TermPairCorr
  0.97VSGBX Vanguard Short TermPairCorr
  0.96VSBIX Vanguard Short TermPairCorr
  0.99VSGDX Vanguard Short TermPairCorr
  0.97FUMBX Fidelity Short TermPairCorr
  0.96ECLDX Eaton Vance ShortPairCorr
  0.96EALDX Eaton Vance ShortPairCorr
  0.96EILDX Eaton Vance ShortPairCorr
  0.88PFN Pimco Income StrategyPairCorr
  0.71XPPRX Voya Prime RatePairCorr
  0.73PCF Putnam High IncomePairCorr
  0.71FGOMX Strategic AdvisersPairCorr
  0.85LINFX Lord Abbett InternationalPairCorr
  0.95PTATX T Rowe PricePairCorr
  0.8LZFIX Lazard Equity FranchisePairCorr
  0.74LOMAX Edgar Lomax ValuePairCorr
  0.86LINTX L Abbett InternationalPairCorr
  0.66MPHLX Massmutual Premier HighPairCorr
  0.93HILIX Hartford InternaPairCorr
  0.94FFBAX First Foundation FixedPairCorr
  0.91SWISX Schwab InternationalPairCorr
  0.94LIRRX Lord Abbett InternationalPairCorr
  0.93CCWFX Capital World BondPairCorr

Moving against Short-term Mutual Fund

  0.83HSCSX Small-company StockPairCorr
  0.69HNASX Growth Fund GrowthPairCorr
  0.6HSTIX Stock Index FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term 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 Short-term 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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