Us Government Correlations

RGVAX Fund

USD 11.88 0.02 0.17%

The current 90-days correlation between Us Government Securities and T Rowe Price is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Us Government Securities and DJI is 0.06 (i.e., Significant 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 Your Equity Center 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 nation.

Moving together with RGVAX Mutual Fund

0.76	FPPPX	American Funds Prese	Pair Corr
0.81	AMHIX	American High Income	Pair Corr
0.81	AMUSX	Us Government Securities	Pair Corr
0.81	TEPFX	American Funds Tax	Pair Corr
0.79	ANBGX	American Funds Strategic	Pair Corr
0.76	CFAMX	Short Term Bond	Pair Corr
0.82	FBOFX	American Funds	Pair Corr
0.76	CGTCX	Us Government Securities	Pair Corr
0.76	CGTAX	Us Government Securities	Pair Corr
0.74	RRPPX	American Funds Retirement	Pair Corr
0.68	RROPX	American Funds Retirement	Pair Corr
0.77	RAMFX	Short Term Bond	Pair Corr
0.64	CIRCX	Capital Income Builder	Pair Corr
0.68	CIVBX	American Funds Inter	Pair Corr
0.8	RCEBX	Capital World Bond	Pair Corr
0.69	FFCFX	American Funds College	Pair Corr
0.8	IBFCX	Intermediate Bond	Pair Corr

Moving against RGVAX Mutual Fund

0.5	RAFGX	Amcap Fund Class	Pair Corr
0.47	ANFFX	New Economy Fund	Pair Corr
0.47	GWPEX	American Funds Growth	Pair Corr
0.47	CGRGX	American Funds Growth	Pair Corr
0.42	RNGBX	New Economy Fund	Pair Corr
0.32	GGPCX	American Funds Global	Pair Corr

Related Correlations Analysis

	TRKZX	OHSHX	CYBAX	PHDTX	ARTFX
TRKZX		0.95	0.98	0.93	0.72	TRKZX
OHSHX	0.95		0.94	0.93	0.67	OHSHX
CYBAX	0.98	0.94		0.95	0.7	CYBAX
PHDTX	0.93	0.93	0.95		0.54	PHDTX
ARTFX	0.72	0.67	0.7	0.54		ARTFX
	TRKZX	OHSHX	CYBAX	PHDTX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between RGVAX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRKZX	0.17	0.03	0.09	(0.58)	0.00	(0.24)	0.51	(0.34)	1.20
OHSHX	0.13	0.02	0.07	(1.10)	0.00	(0.18)	0.23	(0.23)	1.02
CYBAX	0.13	0.02	0.08	(0.51)	0.00	(0.16)	0.49	(0.24)	0.90
PHDTX	0.11	0.02	0.11	(4.31)	0.00	(0.16)	0.23	(0.23)	0.79
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89

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