Government Long Correlations

Mutual Funds . USA . 
Fund . Government Long Bond
RYCGX Fund  USD 107.65  1.40  1.28%   
The current 90-days correlation between Government Long Bond and Ft 7934 Corporate is 0.14 (i.e., Average 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 0.15 (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 price.

Moving together with Government Mutual Fund

  0.67RYAGX Inverse Mid CapPairCorr
  0.75RYCPX Consumer ProductsPairCorr
  1.0RYGBX Government Long BondPairCorr
  0.85RYEUX Europe 125x StrategyPairCorr
  0.96RYIEX Emerging Markets BondPairCorr
  1.0RYHBX Government Long BondPairCorr
  0.83RYHHX High Yield StrategyPairCorr

Moving against Government Mutual Fund

  0.91RYAQX Inverse Government LongPairCorr
  0.79RYESX Energy ServicesPairCorr
  0.76RYCNX Transportation Fund ClassPairCorr
  0.71RYBHX Sp Midcap 400PairCorr
  0.66RYECX Energy Fund ClassPairCorr
  0.61RYCMX Russell 2000 15xPairCorr
  0.6RYEAX Energy Fund ClassPairCorr
  0.6RYENX Energy Fund ClassPairCorr
  0.49RYCCX Nasdaq 100 2xPairCorr
  0.49RYCTX Sp 500 2xPairCorr
  0.46RYCOX Nasdaq 100 FundPairCorr
  0.45RYATX Nasdaq 100 FundPairCorr
  0.71RYMGX Sp Midcap 400PairCorr
  0.69RYPAX Transportation Fund ClassPairCorr
  0.67RYMKX Russell 2000 15xPairCorr
  0.65RYIYX Inverse High YieldPairCorr
  0.64RYMDX Mid Cap 15xPairCorr
  0.64RYMVX Sp Midcap 400PairCorr
  0.63RYIHX Inverse High YieldPairCorr
  0.59RYILX Rydex Sers FdsPairCorr
  0.52RYHOX Nasdaq 100 FundPairCorr

Related Correlations Analysis

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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.

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