Aig Government Correlations

Mutual Funds . USA . 
Fund . Aig Government Money
SMAAX Fund  USD 10.01  0.02  0.20%   
The current 90-days correlation between Aig Government Money and Intermediate Bond Fund is 0.52 (i.e., Very weak diversification). The correlation of Aig 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.

Aig Government Correlation With Market

Average diversification

The correlation between Aig Government Money and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aig Government Money and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Aig Government Money. 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 Aig Mutual Fund

  0.67SAAAX Simt Multi AssetPairCorr
  0.66SRWAX Saat Market GrowthPairCorr
  0.69SRYRX Simt Real ReturnPairCorr
  0.71SSEAX Siit Screened WorldPairCorr
  0.68TFCAX Tax Free ConservativePairCorr
  0.67TFCYX Tax Free ConservativePairCorr
  0.8SSTDX Saat Servative StrategyPairCorr
  0.96SBDAX Stet California MunicipalPairCorr
  0.96STAYX Stet Tax AdvantagedPairCorr
  0.71STDAX Saat Defensive StrategyPairCorr
  0.68ENIAX Siit Opportunistic IncomePairCorr
  0.76SCFYX Simt E FixedPairCorr
  0.73SCMSX Saat E MarketPairCorr
  0.64SCLAX Simt Multi AssetPairCorr
  0.77CFVAX Catholic Values FixedPairCorr
  0.76SCOAX Siit E FixedPairCorr
  0.77CFVYX Catholic Values FixedPairCorr
  0.75SCXIX Sei Insti MgdPairCorr
  0.96SCYYX Stet California MunicipalPairCorr
  0.78SUMAX Stet Short DurationPairCorr
  0.67SUSAX Siit Ultra ShortPairCorr
  0.66SDGFX Sdit Short DurationPairCorr
  0.79SVSAX Saat Servative StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aig Mutual Fund performing well and Aig 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 Aig 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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