Short-term Government Correlations

Mutual Funds . USA . 
Fund . Short Term Government Securities
HOSGX Fund  USD 5.02  0.01  0.20%   
The current 90-days correlation between Short Term Government and International Equity Fund is 0.14 (i.e., Average diversification). The correlation of Short-term 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.

Short-term Government Correlation With Market

Good diversification

The correlation between Short Term Government Securiti and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Government Securiti 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 Short Term Government Securities. 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 price.

Moving together with Short-term Mutual Fund

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  0.94EASDX Eaton Vance ShortPairCorr
  0.98VFIRX Vanguard Short TermPairCorr
  0.98VFISX Vanguard Short TermPairCorr
  0.98VSGBX Vanguard Short TermPairCorr
  0.96VSBIX Vanguard Short TermPairCorr
  0.97VSGDX Vanguard Short TermPairCorr
  0.98FUMBX Fidelity Short TermPairCorr
  0.94ECLDX Eaton Vance ShortPairCorr
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  0.93EILDX Eaton Vance ShortPairCorr
  0.66PMPSX Precious Metals UltrPairCorr
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  0.68HCMKX Hcm Income PlusPairCorr
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  0.69CDWCX American Funds DevelopingPairCorr
  0.65VFINX Vanguard 500 IndexPairCorr
  0.67VBIAX Vanguard Balanced IndexPairCorr
  0.74HRIOX Manager Directed PorPairCorr
  0.63FEXRX First Eagle SmidPairCorr
  0.67TIDDX T Rowe PricePairCorr
  0.95TGRKX Tiaa Cref GreenPairCorr
  0.91PYGSX Payden Global LowPairCorr
  0.97VBILX Vanguard Intermediate-terPairCorr
  0.94TGRLX Tiaa Cref GreenPairCorr
  0.69AOBLX Pioneer Classic BalancedPairCorr
  0.67MNNCX Victory Munder MultiPairCorr
  0.63MBIRX Morgan Stanley Insight Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term 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 Short-term 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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