Government Long Correlations

RYABX Fund

USD 107.87 0.89 0.82%

The current 90-days correlation between Government Long Bond and Short Duration Inflation is 0.65 (i.e., Poor diversification). The correlation of Government Long 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 Long Correlation With Market

Average diversification

The correlation between Government Long Bond and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Long Bond 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 Government Long Bond. 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 bureau of labor statistics.

Moving together with Government Mutual Fund

0.69	RYAGX	Inverse Mid Cap	Pair Corr
0.94	RYCGX	Government Long Bond	Pair Corr
0.74	RYCPX	Consumer Products	Pair Corr
0.65	RYCLX	Inverse Mid Cap	Pair Corr
0.94	RYGBX	Government Long Bond	Pair Corr
0.88	RYEUX	Europe 125x Strategy	Pair Corr
0.9	RYIEX	Emerging Markets Bond	Pair Corr
0.94	RYHBX	Government Long Bond	Pair Corr
0.74	RYHHX	High Yield Strategy	Pair Corr

Moving against Government Mutual Fund

0.93	RYAQX	Inverse Government Long	Pair Corr
0.82	RYESX	Energy Services	Pair Corr
0.76	RYCNX	Transportation Fund Class	Pair Corr
0.71	RYBHX	Sp Midcap 400	Pair Corr
0.69	RYECX	Energy Fund Class	Pair Corr
0.67	RYCMX	Russell 2000 15x	Pair Corr
0.63	RYEAX	Energy Fund Class	Pair Corr
0.63	RYENX	Energy Fund Class	Pair Corr
0.55	RYCCX	Nasdaq 100 2x	Pair Corr
0.52	RYCOX	Nasdaq 100 Fund	Pair Corr
0.51	RYATX	Nasdaq 100 Fund	Pair Corr
0.49	RYCTX	Sp 500 2x	Pair Corr
0.76	RYPAX	Transportation Fund Class	Pair Corr
0.71	RYMGX	Sp Midcap 400	Pair Corr
0.68	RYMKX	Russell 2000 15x	Pair Corr
0.68	RYMVX	Sp Midcap 400	Pair Corr
0.67	RYMDX	Mid Cap 15x	Pair Corr
0.6	RYILX	Rydex Sers Fds	Pair Corr
0.55	RYIYX	Inverse High Yield	Pair Corr
0.53	RYIHX	Inverse High Yield	Pair Corr
0.51	RYHOX	Nasdaq 100 Fund	Pair Corr

Related Correlations Analysis

	APISX	ABNYX	SLFYX	TIILX	AIAHX	ABNTX	DIPSX
APISX		0.9	0.97	0.9	0.98	0.66	0.72	APISX
ABNYX	0.9		0.89	1.0	0.92	0.77	0.81	ABNYX
SLFYX	0.97	0.89		0.88	0.93	0.67	0.71	SLFYX
TIILX	0.9	1.0	0.88		0.91	0.77	0.81	TIILX
AIAHX	0.98	0.92	0.93	0.91		0.72	0.77	AIAHX
ABNTX	0.66	0.77	0.67	0.77	0.72		0.98	ABNTX
DIPSX	0.72	0.81	0.71	0.81	0.77	0.98		DIPSX
	APISX	ABNYX	SLFYX	TIILX	AIAHX	ABNTX	DIPSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Long 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 Long'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
APISX	0.10	0.04	0.55	17.33	0.00	(0.15)	0.19	(0.10)	0.67
ABNYX	0.15	0.04	0.41	1.27	0.00	(0.20)	0.38	(0.28)	0.86
SLFYX	0.18	0.08	0.62	(3.67)	0.00	(0.28)	0.50	(0.25)	1.02
TIILX	0.15	0.04	0.33	1.15	0.00	(0.19)	0.37	(0.28)	1.04
AIAHX	0.20	0.05	0.31	0.97	0.00	(0.25)	0.48	(0.29)	1.24
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99
DIPSX	0.21	0.03	0.23	(0.56)	0.13	(0.26)	0.46	(0.37)	1.19

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