Us Government Correlations

RGVEX Fund

USD 12.13 0.02 0.16%

The current 90-days correlation between Us Government Securities and Vanguard Information Technology is -0.21 (i.e., Very good diversification). 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

Good diversification

The correlation between Us Government Securities and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Securities and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Us 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 income.

Moving together with RGVEX Mutual Fund

0.64	RNCCX	American Funds Income	Pair Corr
0.92	FPPPX	American Funds Prese	Pair Corr
0.65	RNGGX	New Economy Fund	Pair Corr
0.65	RNGFX	New Economy Fund	Pair Corr
0.65	RNGHX	New Economy Fund	Pair Corr
0.64	RNGBX	New Economy Fund	Pair Corr
0.64	RNGAX	New Economy Fund	Pair Corr
0.64	RNGEX	New Economy Fund	Pair Corr
0.65	RNGCX	New Economy Fund	Pair Corr
0.75	TEAFX	Tax Exempt Bond	Pair Corr
0.67	FPTPX	American Funds Conse	Pair Corr
0.74	TEFEX	Tax Exempt Fund	Pair Corr
0.65	RNNEX	New Economy Fund	Pair Corr
0.71	RNRPX	American Funds Retirement	Pair Corr
0.94	ANBGX	American Funds Strategic	Pair Corr
0.94	ANBFX	American Funds Strategic	Pair Corr
0.84	CEAMX	Short Term Bond	Pair Corr
0.75	TFEBX	Tax Exempt Bond	Pair Corr

Related Correlations Analysis

	VITAX	DTEYX	NWHTX	TOWTX	FRBRX	BSTSX	CMTFX
VITAX		0.83	0.83	0.65	0.44	0.93	0.99	VITAX
DTEYX	0.83		0.86	0.54	0.11	0.87	0.81	DTEYX
NWHTX	0.83	0.86		0.66	-0.11	0.95	0.8	NWHTX
TOWTX	0.65	0.54	0.66		0.13	0.66	0.71	TOWTX
FRBRX	0.44	0.11	-0.11	0.13		0.13	0.47	FRBRX
BSTSX	0.93	0.87	0.95	0.66	0.13		0.92	BSTSX
CMTFX	0.99	0.81	0.8	0.71	0.47	0.92		CMTFX
	VITAX	DTEYX	NWHTX	TOWTX	FRBRX	BSTSX	CMTFX

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

CMTFX	+ 0.99	VITAX
BSTSX	+ 0.95	NWHTX
BSTSX	+ 0.93	VITAX
CMTFX	+ 0.92	BSTSX
BSTSX	+ 0.87	DTEYX
NWHTX	+ 0.86	DTEYX

High negative correlations

FRBRX

- 0.11

NWHTX

Risk-Adjusted Indicators

There is a big difference between RGVEX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VITAX	0.93	0.07	0.05	0.12	1.48	(0.89)	1.84	(2.72)	5.95
DTEYX	1.17	(0.07)	(0.02)	0.01	2.37	(0.99)	1.70	(3.15)	12.11
NWHTX	0.99	(0.01)	0.00	0.06	1.48	(0.92)	1.97	(2.51)	6.17
TOWTX	0.70	0.01	0.01	0.08	0.88	(0.69)	1.59	(1.33)	4.32
FRBRX	1.04	0.39	0.29	0.63	0.83	(1.21)	2.32	(1.60)	6.04
BSTSX	1.07	0.04	0.03	0.10	1.55	(1.03)	2.62	(2.81)	6.88
CMTFX	0.93	0.06	0.05	0.12	1.34	(0.89)	1.87	(2.57)	5.72

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