Government Long Correlations

Mutual Funds . USA . 
Fund . Government Long Bond
RYABX Fund  USD 99.56  0.03  0.03%   
The current 90-days correlation between Government Long Bond and Sp 500 Pure is -0.01 (i.e., Good diversification). The correlation of Government Long 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.

Government Long Correlation With Market

Significant diversification

The correlation between Government Long Bond and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Long Bond 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 Government Long Bond. 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 bureau of labor statistics.

Moving together with Government Mutual Fund

  1.0RYCGX Government Long BondPairCorr

Moving against Government Mutual Fund

  0.98RYAQX Inverse Government LongPairCorr
  0.42RYAUX Utilities Fund ClassPairCorr
  0.41RYBHX Sp Midcap 400PairCorr
  0.37RYATX Nasdaq 100 FundPairCorr
  0.36RYAHX Mid Cap 15xPairCorr
  0.36RYAWX Sp 500 PurePairCorr
  0.34RYAEX Europe 125x StrategyPairCorr
  0.34RYANX Nova Fund ClassPairCorr
  0.34RYDCX Mid Cap 15xPairCorr
  0.31RYAKX Russell 2000 15xPairCorr
  0.46RYCNX Transportation Fund ClassPairCorr
  0.41RYCKX Sp Midcap 400PairCorr
  0.39RYCUX Utilities Fund ClassPairCorr
  0.37RYCCX Nasdaq 100 2xPairCorr
  0.37RYCOX Nasdaq 100 FundPairCorr
  0.35RYCHX Technology Fund ClassPairCorr
  0.34RYCEX Europe 125x StrategyPairCorr
  0.34RYCTX Sp 500 2xPairCorr
  0.33RYELX Electronics Fund ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Long 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 Government Long'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RYAWX  0.91  0.20  0.20  0.31  0.64 
(1.06)
 2.56 
(1.63)
 6.69 
RYHOX  0.79  0.32  0.17 (4.15) 0.61 
(0.88)
 2.38 
(1.29)
 5.39 
RYHRX  0.64  0.00 (0.04) 0.13  0.93 
(0.65)
 1.43 
(1.58)
 4.91 
RYMBX  0.77  0.10 (0.03)(3.90) 1.00 
(0.83)
 1.80 
(1.58)
 6.88 
RYBCX  0.70  0.18  0.06 (5.68) 0.52 
(0.74)
 1.63 
(1.08)
 3.95 
RYBAX  0.70  0.19  0.06 (6.02) 0.52 
(0.72)
 1.64 
(1.07)
 3.92 
RYBKX  0.96  0.40  0.22 (2.36) 0.70 
(1.10)
 2.14 
(1.22)
 6.95 
RYBMX  0.70  0.19  0.06 (5.97) 0.52 
(0.74)
 1.63 
(1.08)
 3.93 
RYBHX  0.82  0.11  0.10  0.23  0.72 
(0.94)
 2.08 
(1.55)
 5.80 
RYBIX  0.68  0.10  0.04  0.34  0.52 
(0.69)
 1.63 
(1.07)
 3.93 

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