Government Securities Correlations

Mutual Funds . USA . 
Fund . Government Securities Fund
UIGSX Fund  USD 8.84  0.01  0.11%   
The current 90-days correlation between Government Securities and Multimanager Lifestyle Moderate is 0.24 (i.e., Modest diversification). The correlation of Government Securities 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 Securities Correlation With Market

Significant diversification

The correlation between Government Securities Fund and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Securities 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 Government Securities 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 state.

Moving together with Government Mutual Fund

  0.71UIEMX Emerging MarketsPairCorr
  0.78UIHIX High Income FundPairCorr
  0.9UIIFX International FundPairCorr
  0.77UIINX Income Fund IncomePairCorr
  0.99UIITX Intermediate Term BondPairCorr
  0.83UIPMX Precious Metals AndPairCorr
  0.78UISBX Short Term BondPairCorr
  0.87URIBX Intermediate Term BondPairCorr
  0.82URIFX Income Fund IncomePairCorr
  0.84URGSX Government SecuritiesPairCorr
  0.65URHIX High Income FundPairCorr
  0.81URSBX Short Term BondPairCorr
  0.74URUSX Ultra Short TermPairCorr
  0.78UUSIX Ultra Short TermPairCorr
  0.97VFIJX Vanguard GnmaPairCorr
  0.73VSIGX Vanguard Intermediate-terPairCorr
  1.0UGSFX Us Government SecuritiesPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  1.0FSUGX American Funds GovernmentPairCorr
  1.0UGSCX Us Government SecuritiesPairCorr
  1.0FSUUX American Funds GovernmentPairCorr
  0.99VMBSX Vanguard Mortgage-backedPairCorr
  1.0VFIIX Vanguard GnmaPairCorr
  1.0FUTBX Fidelity Sai TreasuryPairCorr
  0.86NHS Neuberger Berman HighPairCorr
  0.7ARRFX Amg River RoadPairCorr

Moving against Government Mutual Fund

  0.79UISCX Small Cap StockPairCorr
  0.74UIGRX Growth Fund GrowthPairCorr
  0.67URNQX Nasdaq 100 IndexPairCorr
  0.44UIGIX Growth IncomePairCorr
  0.33UIWGX World GrowthPairCorr
  0.55UIAGX Aggressive GrowthPairCorr
  0.44USPRX Sp 500 IndexPairCorr
  0.34UTMAX Target Managed AllocationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Securities 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 Securities' 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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