Valic Company Correlations

VSRDX Fund

USD 17.00 0.05 0.29%

The current 90-days correlation between Valic Company I and Absolute Convertible Arbitrage is 0.22 (i.e., Modest 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 0.4 (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 unemployment.

Moving together with Valic Mutual Fund

0.89	VMIDX	Mid Cap Index	Pair Corr
0.88	VMSGX	Mid Cap Strategic	Pair Corr
0.85	VAPPX	Valic Company I	Pair Corr
0.95	VSTIX	Stock Index Fund	Pair Corr
0.75	VBCVX	Broad Cap Value	Pair Corr
0.66	VCAAX	Asset Allocation	Pair Corr
0.69	VCBCX	Blue Chip Growth	Pair Corr
0.73	VCGAX	Growth Income	Pair Corr
0.8	VCIGX	Valic Company I	Pair Corr
0.73	VCNIX	Nasdaq 100 Index	Pair Corr
0.69	VCSTX	Science Technology	Pair Corr
0.95	VCULX	Growth Fund Growth	Pair Corr
0.64	VDAFX	Dynamic Allocation	Pair Corr
0.9	VVMCX	Valic Company I	Pair Corr
0.66	VVSGX	Valic Company I	Pair Corr
0.64	VVSCX	Valic Company I	Pair Corr
0.64	VLAGX	Valic Company I	Pair Corr
0.74	VLCGX	Large Capital Growth	Pair Corr
0.64	VTSAX	Vanguard Total Stock	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.69	VITSX	Vanguard Total Stock	Pair Corr

Moving against Valic Mutual Fund

0.54	VCIFX	International Government	Pair Corr
0.49	VCGSX	Government Securities	Pair Corr
0.48	VCTPX	Inflation Protected	Pair Corr
0.38	VCSOX	Global Social Awareness	Pair Corr
0.37	VCBDX	Valic Company I	Pair Corr
0.37	VCGEX	Emerging Economies	Pair Corr
0.39	VIOPX	Valic Company I	Pair Corr

Related Correlations Analysis

	ARBOX	FISCX	MCFCX	SBFMX	WESRX	GCV	CNSDX
ARBOX		-0.4	-0.34	-0.48	-0.31	0.29	-0.48	ARBOX
FISCX	-0.4		0.82	0.83	0.88	0.49	0.94	FISCX
MCFCX	-0.34	0.82		0.8	0.85	0.46	0.85	MCFCX
SBFMX	-0.48	0.83	0.8		0.71	0.37	0.8	SBFMX
WESRX	-0.31	0.88	0.85	0.71		0.59	0.96	WESRX
GCV	0.29	0.49	0.46	0.37	0.59		0.49	GCV
CNSDX	-0.48	0.94	0.85	0.8	0.96	0.49		CNSDX
	ARBOX	FISCX	MCFCX	SBFMX	WESRX	GCV	CNSDX

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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

CNSDX	+ 0.96	WESRX
CNSDX	+ 0.94	FISCX
WESRX	+ 0.88	FISCX
WESRX	+ 0.85	MCFCX
CNSDX	+ 0.85	MCFCX
SBFMX	+ 0.83	FISCX

High negative correlations

CNSDX	- 0.48	ARBOX
SBFMX	- 0.48	ARBOX
FISCX	- 0.4	ARBOX
MCFCX	- 0.34	ARBOX
WESRX	- 0.31	ARBOX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ARBOX	0.05	0.02	0.95	0.09	0.00	0.18
FISCX	0.59	(0.07)	(0.22)	0.88	(1.55)	2.74
MCFCX	0.29	(0.05)	(0.33)	0.48	(0.62)	2.14
SBFMX	0.36	(0.07)	1.00	0.64	(0.75)	1.87
WESRX	0.65	(0.03)	(0.13)	1.36	(1.48)	3.47
GCV	0.93	0.02	(0.03)	2.17	(2.14)	6.16
CNSDX	0.58	(0.05)	(0.18)	1.11	(1.43)	2.83

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