Us Government Correlations

UGSFX Fund

USD 11.95 0.02 0.17%

The current 90-days correlation between Us Government Securities and Bond Fund Of is 0.97 (i.e., Almost no diversification). The correlation of Us 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.

Us Government Correlation With Market

Significant diversification

The correlation between Us Government Securities and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Securities 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 Us Government Securities. 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 census.

Moving together with UGSFX Mutual Fund

0.67	RNCCX	American Funds Income	Pair Corr
0.98	FPPPX	American Funds Prese	Pair Corr
0.84	AMHIX	American High Income	Pair Corr
0.68	FPTPX	American Funds Conse	Pair Corr
1.0	AMUSX	Us Government Securities	Pair Corr
0.92	TEPFX	American Funds Tax	Pair Corr
0.99	ANBGX	American Funds Strategic	Pair Corr
0.95	CFAMX	Short Term Bond	Pair Corr
1.0	FBOFX	American Funds	Pair Corr
1.0	CGTCX	Us Government Securities	Pair Corr
0.97	CGTAX	Us Government Securities	Pair Corr
0.74	RRPPX	American Funds Retirement	Pair Corr
0.85	RROPX	American Funds Retirement	Pair Corr
0.97	RAMFX	Short Term Bond	Pair Corr
0.84	CIRCX	Capital Income Builder	Pair Corr
0.88	CIVBX	American Funds Inter	Pair Corr
0.96	RCEBX	Capital World Bond	Pair Corr
0.91	FFCFX	American Funds College	Pair Corr
1.0	IBFCX	Intermediate Bond	Pair Corr
0.63	REJTX	American Funds 2015	Pair Corr

Moving against UGSFX Mutual Fund

0.61	GWPEX	American Funds Growth	Pair Corr
0.61	CGRGX	American Funds Growth	Pair Corr
0.61	RAFGX	Amcap Fund Class	Pair Corr
0.55	RNGBX	New Economy Fund	Pair Corr
0.54	ANFFX	New Economy Fund	Pair Corr
0.43	GGPCX	American Funds Global	Pair Corr
0.32	FCKTX	American Funds 2060	Pair Corr
0.41	FGGPX	American Funds Global	Pair Corr

Related Correlations Analysis

	BFAFX	IBFFX	WBFFX	AMFFX	SCWFX
BFAFX		0.99	0.96	0.41	-0.64	BFAFX
IBFFX	0.99		0.94	0.34	-0.69	IBFFX
WBFFX	0.96	0.94		0.45	-0.57	WBFFX
AMFFX	0.41	0.34	0.45		0.3	AMFFX
SCWFX	-0.64	-0.69	-0.57	0.3		SCWFX
	BFAFX	IBFFX	WBFFX	AMFFX	SCWFX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IBFFX	+ 0.99	BFAFX
WBFFX	+ 0.96	BFAFX
WBFFX	+ 0.94	IBFFX
AMFFX	+ 0.45	WBFFX
AMFFX	+ 0.41	BFAFX
AMFFX	+ 0.34	IBFFX

High negative correlations

SCWFX	- 0.69	IBFFX
SCWFX	- 0.64	BFAFX
SCWFX	- 0.57	WBFFX

Risk-Adjusted Indicators

There is a big difference between UGSFX Mutual Fund performing well and Us 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 Us 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
BFAFX	0.23	0.01	0.03	0.73	0.22	(0.27)	0.54	(0.44)	1.36
IBFFX	0.17	0.02	0.07	1.26	0.10	(0.21)	0.33	(0.40)	1.04
WBFFX	0.24	0.01	0.02	0.19	0.25	(0.29)	0.51	(0.44)	1.28
AMFFX	0.64	(0.06)	0.00	0.30	0.00	0.00	1.09	(1.46)	4.69
SCWFX	0.80	(0.10)	0.00	(0.11)	0.00	0.00	1.68	(1.91)	4.96

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