Valic Company Correlations

The current 90-days correlation between Valic Company I and Financials Ultrasector Profund is 0.64 (i.e., Poor diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Very weak diversification

The correlation between Valic Company I and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 economic analysis.

Moving together with Valic Mutual Fund

0.83	VCFVX	Foreign Value	Pair Corr
0.71	VCIEX	International Equities	Pair Corr
0.67	VCIGX	Valic Company I	Pair Corr
0.84	VCINX	International Growth	Pair Corr
0.67	VCTPX	Inflation Protected	Pair Corr
0.72	VCSOX	Global Social Awareness	Pair Corr
0.93	VGCLX	Valic Company I	Pair Corr
0.8	VGLSX	Global Strategy	Pair Corr
0.74	VGREX	Global Real Estate	Pair Corr
0.68	VIOPX	Valic Company I	Pair Corr
0.61	VLAGX	Valic Company I	Pair Corr
0.82	VLSMX	Valic Company I	Pair Corr
0.83	VWEAX	Vanguard High Yield	Pair Corr
0.87	VWEHX	Vanguard High Yield	Pair Corr
0.96	BHYCX	Blackrock Hi Yld	Pair Corr
0.95	BHYIX	Blackrock High Yield	Pair Corr
0.95	BHYSX	Blackrock Hi Yld	Pair Corr

Moving against Valic Mutual Fund

0.32

SPGSX

State Street Premier

Pair Corr

Related Correlations Analysis

	FNPIX	FIDAX	MSVIX	BTO	PGFMX	TFIFX
FNPIX		0.94	0.64	0.82	0.86	0.98	FNPIX
FIDAX	0.94		0.84	0.94	0.69	0.99	FIDAX
MSVIX	0.64	0.84		0.93	0.27	0.76	MSVIX
BTO	0.82	0.94	0.93		0.51	0.9	BTO
PGFMX	0.86	0.69	0.27	0.51		0.79	PGFMX
TFIFX	0.98	0.99	0.76	0.9	0.79		TFIFX
	FNPIX	FIDAX	MSVIX	BTO	PGFMX	TFIFX

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Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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
FNPIX	1.20	0.11	0.05	0.01	1.72	(1.23)	1.92	(2.77)	9.08
FIDAX	0.84	0.05	0.00	(0.02)	0.00	0.00	1.82	(2.24)	6.35
MSVIX	0.84	(0.02)	0.00	(0.09)	0.00	0.00	1.40	(1.74)	4.25
BTO	0.98	0.00	0.00	(0.06)	0.00	0.00	1.72	(2.22)	6.87
PGFMX	0.37	0.04	0.16	0.04	0.42	(0.41)	0.85	(0.66)	2.21
TFIFX	0.81	0.07	0.05	0.00	1.26	(0.77)	1.50	(1.84)	6.16

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