Valic Company Correlations

Mutual Funds . USA . 
Fund . Valic Company I
VIOPX Fund  USD 14.89  0.14  0.93%   
The current 90-days correlation between Valic Company I and Virtus Nfj Large Cap is 0.03 (i.e., Significant 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 0.56 (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, which includes a position in Valic Company I. 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 american community survey.

Moving together with Valic Mutual Fund

  0.67VCBDX Valic Company IPairCorr
  0.87VCGEX Emerging EconomiesPairCorr
  0.77VCGSX Government SecuritiesPairCorr
  0.73VCFVX Foreign ValuePairCorr
  0.68VCIEX International EquitiesPairCorr
  0.88VCIFX International GovernmentPairCorr
  0.67VCINX International GrowthPairCorr
  0.86VCTPX Inflation ProtectedPairCorr
  0.97VCSOX Global Social AwarenessPairCorr
  0.67VGREX Global Real EstatePairCorr
  0.77OSMYX Oppenheimer Intl SmallPairCorr
  0.77OSCIX Oppenheimer Intl SmallPairCorr
  0.77OSMNX Oppenheimer Intl SmallPairCorr
  0.79TIDDX T Rowe PricePairCorr

Moving against Valic Mutual Fund

  0.51VMIDX Mid Cap IndexPairCorr
  0.46VAPPX Valic Company IPairCorr
  0.43VCULX Growth Fund GrowthPairCorr
  0.39VSRDX Valic Company IPairCorr
  0.34VCBCX Blue Chip GrowthPairCorr
  0.31VCNIX Nasdaq 100 IndexPairCorr
  0.46VVMCX Valic Company IPairCorr
  0.33VLCGX Large Capital GrowthPairCorr

Related Correlations Analysis

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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   
SMVLX
+ 0.88
SBQAX
TRCPX
+ 0.87
MSDVX
GVALX
+ 0.8
JDVNX
GVALX
+ 0.78
VAAGX
TRCPX
+ 0.78
VAAGX
JDVNX
+ 0.74
VAAGX
  
High negative correlations   
MSDVX
- 0.04
SBQAX

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.

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