Aig Government Correlations

SMAAX Fund

USD 9.93 0.01 0.10%

The current 90-days correlation between Aig Government Money and Vanguard Massachusetts Tax Exempt is -0.04 (i.e., Good diversification). The correlation of Aig 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.

Aig Government Correlation With Market

Good diversification

The correlation between Aig Government Money and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aig Government Money 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 Aig Government Money. 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 nation.

Moving together with Aig Mutual Fund

0.66	SECAX	Siit Small Cap	Pair Corr
0.77	SEIYX	Simt High Yield	Pair Corr
0.68	AAEZX	Enhanced Fixed Income	Pair Corr
0.63	SGYAX	Siit High Yield	Pair Corr
0.82	VMATX	Vanguard Massachusetts	Pair Corr
0.77	FDMMX	Fidelity Massachusetts	Pair Corr
0.8	NMAAX	Nuveen Massachusetts	Pair Corr
0.84	NAAGX	Nuveen Massachusetts	Pair Corr
0.77	FKTMX	Franklin Massachusetts	Pair Corr
0.9	FMAHX	Franklin Massachusetts	Pair Corr
0.75	NBMAX	Nuveen Massachusetts	Pair Corr
0.81	MFSSX	Mfs Massachusetts	Pair Corr
0.8	MTALX	Mfs Massachusetts	Pair Corr

Moving against Aig Mutual Fund

0.43	TFCAX	Tax Free Conservative	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.4	DBELX	Doubleline Emerging	Pair Corr
0.37	T	ATT Inc	Pair Corr
0.34	VGRLX	Vanguard Global Ex	Pair Corr

Related Correlations Analysis

	VMATX	NMAAX	NAAGX	FMAHX	MFSSX	MTALX
VMATX		1.0	0.96	0.9	1.0	1.0	VMATX
NMAAX	1.0		0.95	0.89	1.0	1.0	NMAAX
NAAGX	0.96	0.95		0.93	0.96	0.95	NAAGX
FMAHX	0.9	0.89	0.93		0.9	0.9	FMAHX
MFSSX	1.0	1.0	0.96	0.9		1.0	MFSSX
MTALX	1.0	1.0	0.95	0.9	1.0		MTALX
	VMATX	NMAAX	NAAGX	FMAHX	MFSSX	MTALX

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Risk-Adjusted Indicators

There is a big difference between Aig Mutual Fund performing well and Aig 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 Aig 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VMATX	0.39	(0.07)	0.60	0.70	(1.53)	3.96
NMAAX	0.32	(0.06)	0.67	0.55	(1.23)	3.29
NAAGX	0.31	(0.06)	0.71	0.46	(1.24)	3.20
FMAHX	0.35	(0.06)	0.52	0.58	(1.28)	3.40
MFSSX	0.36	(0.06)	0.60	0.60	(1.32)	3.72
MTALX	0.35	(0.06)	0.63	0.57	(1.28)	3.66

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