Short-term Government Correlations

Mutual Funds . USA . 
Fund . Short Term Government Fund
TWUSX Fund  USD 9.14  0.01  0.11%   
The current 90-days correlation between Short Term Government and Mid Cap Value is -0.05 (i.e., Good 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 Fund and DJI is -0.05 (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 Fund 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 Short Term Government Fund. 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 state.

Moving together with Short-term Mutual Fund

  0.65AMDVX Mid Cap ValuePairCorr
  0.74AMEIX Equity GrowthPairCorr
  0.74AMGIX Income GrowthPairCorr
  0.9CDBCX Diversified BondPairCorr
  0.78AMKIX Emerging MarketsPairCorr
  0.91TWACX Short Term GovernmentPairCorr
  0.73TWADX Value Fund APairCorr
  0.69TWCCX Ultra Fund CPairCorr
  0.7TWCAX Select Fund APairCorr
  0.7TWCIX Select Fund InvestorPairCorr
  0.71TWCGX Growth Fund InvestorPairCorr
  0.98TWARX Short Term GovernmentPairCorr
  0.92TWAVX Short Term GovernmentPairCorr
  0.67AMVYX Mid Cap ValuePairCorr
  0.64AMVRX Mid Cap ValuePairCorr
  0.76TWBIX Balanced Fund InvestorPairCorr
  0.65AMVGX Mid Cap ValuePairCorr
  0.75TWEAX Equity IncomePairCorr
  0.73TWEIX Equity IncomePairCorr
  0.69TWCUX Ultra Fund InvestorPairCorr
  0.63TWGAX International GrowthPairCorr
  0.71TWGIX Growth Fund IPairCorr
  0.71TWGGX Global GrowthPairCorr
  0.62TWIEX International GrowthPairCorr
  0.68TWHIX Heritage Fund InvestorPairCorr
  0.78TWMIX Emerging MarketsPairCorr
  0.71TWRCX Growth Fund CPairCorr
  0.8TWTCX Intermediate Term TaxPairCorr
  0.82TWTIX Intermediate Term TaxPairCorr
  0.78TWSCX Strategic Allocation:PairCorr
  0.74TWSAX Strategic Allocation:PairCorr
  0.75TWSMX Strategic Allocation:PairCorr
  0.7TWSIX Select Fund IPairCorr
  0.74TWVLX Value Fund InvestorPairCorr
  0.7TWUAX Ultra Fund APairCorr
  0.69TWUIX Ultra Fund IPairCorr
  0.99TWUOX Short Term GovernmentPairCorr
  0.78TWWOX Intermediate Term TaxPairCorr
  0.84NPHIX High Income FundPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.71  0.15  0.00 (1.10) 0.73 
(0.76)
 1.96 
(1.39)
 4.36 
AMEIX  0.67  0.12  0.12  0.25  0.56 
(0.74)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.04  0.02  0.17  0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.27  0.02 (0.29)(8.10) 0.24 
(0.33)
 0.56 
(0.44)
 1.46 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.10  0.00 (0.87) 0.33  0.00 
(0.17)
 0.22 
(0.22)
 0.56 
TWADX  0.66  0.16  0.01 (1.05) 0.64 
(0.75)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.14  0.13  0.26  0.77 
(0.95)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.14 (3.46) 0.74 
(1.01)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.14  0.14  0.26  0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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