Government Long Correlations

Mutual Funds . USA . 
Fund . Government Long Bond
RYGBX Fund  USD 105.54  0.07  0.07%   
The current 90-days correlation between Government Long Bond and John Hancock High is 0.68 (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

Good diversification

The correlation between Government Long Bond and DJI is -0.01 (i.e., Good 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

  1.0RYCGX Government Long BondPairCorr
  0.7RYCPX Consumer ProductsPairCorr
  0.85RYEUX Europe 125x Strategy Potential GrowthPairCorr
  0.94RYIEX Emerging Markets BondPairCorr
  1.0RYHBX Government Long BondPairCorr
  0.81RYHHX High Yield StrategyPairCorr

Moving against Government Mutual Fund

  0.93RYAQX Inverse Government LongPairCorr
  0.75RYESX Energy ServicesPairCorr
  0.74RYCNX Transportation Fund ClassPairCorr
  0.63RYCMX Russell 2000 15xPairCorr
  0.58RYBHX Sp Midcap 400PairCorr
  0.56RYECX Energy Fund ClassPairCorr
  0.52RYCCX Nasdaq 100 2x Steady GrowthPairCorr
  0.49RYATX Nasdaq 100 FundPairCorr
  0.49RYEAX Energy Fund ClassPairCorr
  0.49RYCOX Nasdaq 100 FundPairCorr
  0.49RYENX Energy Fund ClassPairCorr
  0.46RYCTX Sp 500 2xPairCorr
  0.74RYPAX Transportation Fund ClassPairCorr
  0.66RYIYX Inverse High YieldPairCorr
  0.63RYIHX Inverse High YieldPairCorr
  0.63RYMKX Russell 2000 15xPairCorr
  0.61RYMDX Mid Cap 15xPairCorr
  0.6RYILX Rydex Sers FdsPairCorr
  0.59RYMVX Sp Midcap 400PairCorr
  0.58RYMGX Sp Midcap 400PairCorr
  0.49RYHOX 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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