Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Plus
GVPIX Fund  USD 32.01  0.28  0.87%   
The current 90-days correlation between Us Government Plus and Government Long Bond is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between Us Government Plus and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Plus and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Us Government Plus. 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 gross domestic product.

Moving against GVPIX Mutual Fund

  0.54LGPIX Large Cap GrowthPairCorr
  0.54LGPSX Profunds Large CapPairCorr
  0.54INPIX Internet UltrasectorPairCorr
  0.54INPSX Internet UltrasectorPairCorr
  0.52OTPIX Nasdaq 100 ProfundPairCorr
  0.52OTPSX Nasdaq 100 ProfundPairCorr
  0.5UOPIX Ultra Nasdaq 100PairCorr
  0.5UOPSX Ultranasdaq 100 ProfundPairCorr
  0.49TEPIX Technology UltrasectorPairCorr
  0.47FDPSX Falling Dollar ProfundPairCorr
  0.46SGPIX Small Cap GrowthPairCorr
  0.45ULPIX Ultrabull ProfundPairCorr
  0.44UJPSX Ultrajapan ProfundPairCorr
  0.44WCPIX Mobile TelecommunicatioPairCorr
  0.4PMPIX Precious Metals UltrPairCorr
  0.4PMPSX Precious Metals UltrPairCorr
  0.4FYAIX Access Flex HighPairCorr
  0.52MGPIX Mid Cap GrowthPairCorr
  0.49SMPIX Semiconductor UltrasectorPairCorr
  0.49SMPSX Semiconductor UltrasectorPairCorr
  0.49FTYPX Fidelity Freedom IndexPairCorr
  0.49FFBTX Fidelity Freedom BlendPairCorr
  0.46BLPSX Bull Profund BullPairCorr
  0.45MDPIX Mid Cap ProfundPairCorr
  0.45UTPIX Utilities UltrasectorPairCorr
  0.41UBPIX Ultralatin America Steady GrowthPairCorr
  0.41FNPIX Financials UltrasectorPairCorr
  0.41FNPSX Financials UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GVPIX 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.

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