Short-term Government Correlations

TWUOX Fund

USD 9.12 0.01 0.11%

The current 90-days correlation between Short Term Government and Redwood Real Estate is -0.03 (i.e., Good diversification). The correlation of Short-term 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.

Short-term Government Correlation With Market

Significant diversification

The correlation between Short Term Government Fund 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 Short Term Government Fund 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 Short Term Government Fund. 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 persons.

Moving together with Short-term Mutual Fund

0.76	CDBCX	Diversified Bond	Pair Corr
0.68	TWACX	Short Term Government	Pair Corr
0.65	TWARX	Short Term Government	Pair Corr
0.71	TWAVX	Short Term Government	Pair Corr
0.67	TWEAX	Equity Income	Pair Corr
0.67	TWUSX	Short Term Government	Pair Corr

Moving against Short-term Mutual Fund

0.69	TWCCX	Ultra Fund C	Pair Corr
0.68	TWCAX	Select Fund A	Pair Corr
0.68	TWCGX	Growth Fund Investor	Pair Corr
0.67	TWCIX	Select Fund Investor	Pair Corr
0.64	AMEIX	Equity Growth	Pair Corr
0.57	TWBIX	Balanced Fund Investor	Pair Corr
0.51	AMGIX	Income Growth	Pair Corr
0.81	TWSIX	Select Fund I	Pair Corr
0.69	TWCUX	Ultra Fund Investor	Pair Corr
0.69	TWGIX	Growth Fund I	Pair Corr
0.69	TWRCX	Growth Fund C	Pair Corr
0.62	TWHIX	Heritage Fund Investor	Pair Corr
0.77	ANORX	Small Cap Growth	Pair Corr
0.75	ANOCX	Small Cap Growth	Pair Corr
0.74	ANOGX	Small Cap Growth	Pair Corr
0.74	ANODX	Small Cap Growth	Pair Corr
0.73	ANOHX	American Century Small	Pair Corr
0.72	ANONX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	CREMX	NMMRF	FORFX	FREAX	CREFX	NRSCX	FIKMX	FRIOX
CREMX		0.79	0.98	0.52	0.74	0.64	0.92	0.91	CREMX
NMMRF	0.79		0.74	0.25	0.47	0.83	0.71	0.7	NMMRF
FORFX	0.98	0.74		0.62	0.8	0.6	0.95	0.94	FORFX
FREAX	0.52	0.25	0.62		0.95	0.21	0.78	0.8	FREAX
CREFX	0.74	0.47	0.8	0.95		0.42	0.92	0.93	CREFX
NRSCX	0.64	0.83	0.6	0.21	0.42		0.62	0.61	NRSCX
FIKMX	0.92	0.71	0.95	0.78	0.92	0.62		1.0	FIKMX
FRIOX	0.91	0.7	0.94	0.8	0.93	0.61	1.0		FRIOX
	CREMX	NMMRF	FORFX	FREAX	CREFX	NRSCX	FIKMX	FRIOX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term 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 Short-term 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
CREMX	0.02	0.02	0.00	5.40	0.00	0.00	0.08	0.00	0.08
NMMRF	0.07	0.03	0.00	0.37	0.00	0.00	0.00	0.00	2.35
FORFX	0.05	0.02	0.00	(2.73)	0.00	0.00	0.11	0.00	0.31
FREAX	0.84	0.02	0.02	0.03	1.06	(0.85)	1.62	(1.75)	4.55
CREFX	0.87	0.05	0.04	0.06	1.10	(0.85)	1.59	(1.65)	4.82
NRSCX	0.18	0.00	0.01	(0.03)	0.24	(0.18)	0.31	(0.37)	1.00
FIKMX	0.25	0.03	0.09	0.17	0.21	(0.29)	0.59	(0.42)	1.36
FRIOX	0.25	0.03	0.08	0.15	0.22	(0.28)	0.59	(0.43)	1.30

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