Government Securities Correlations

URGSX Fund

USD 8.85 0.02 0.23%

The current 90-days correlation between Government Securities and Capital Growth Fund is 0.19 (i.e., Average diversification). The correlation of Government Securities 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 Securities Correlation With Market

Average diversification

The correlation between Government Securities Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Securities 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 Government Securities 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 Government Mutual Fund

0.65	UIHIX	High Income Fund	Pair Corr
1.0	UIGSX	Government Securities	Pair Corr
0.95	UIINX	Income Fund Income	Pair Corr
0.61	UIISX	Income Stock	Pair Corr
0.98	UIITX	Intermediate Term Bond	Pair Corr
0.82	UISBX	Short Term Bond	Pair Corr
0.62	UIVAX	Value Fund Value	Pair Corr
0.97	URIBX	Intermediate Term Bond	Pair Corr
0.95	URIFX	Income Fund Income	Pair Corr
0.65	URHIX	High Income Fund	Pair Corr
0.82	URSBX	Short Term Bond	Pair Corr
0.73	URUSX	Ultra Short Term	Pair Corr
0.67	UUSIX	Ultra Short Term	Pair Corr
0.99	VFIJX	Vanguard Gnma	Pair Corr
0.97	VSIGX	Vanguard Intermediate-ter	Pair Corr
0.95	UGSFX	Us Government Securities	Pair Corr
0.95	AMUSX	Us Government Securities	Pair Corr
0.96	FSUGX	American Funds Government	Pair Corr
0.93	UGSCX	Us Government Securities	Pair Corr
0.96	FSUUX	American Funds Government	Pair Corr
0.98	VMBSX	Vanguard Mortgage-backed	Pair Corr
0.99	VFIIX	Vanguard Gnma	Pair Corr
0.94	FUTBX	Fidelity Sai Treasury	Pair Corr

Related Correlations Analysis

	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIINX	UIISX	UIITX
UICGX		0.98	0.98	0.98	1.0	0.6	0.99	0.75	0.98	0.73	UICGX
UIEMX	0.98		0.98	0.96	0.98	0.61	0.99	0.75	0.97	0.73	UIEMX
UIHIX	0.98	0.98		0.97	0.98	0.65	0.98	0.8	0.97	0.78	UIHIX
UIIFX	0.98	0.96	0.97		0.96	0.58	0.97	0.74	0.95	0.72	UIIFX
UIGIX	1.0	0.98	0.98	0.96		0.6	1.0	0.75	0.99	0.73	UIGIX
UIGSX	0.6	0.61	0.65	0.58	0.6		0.58	0.95	0.61	0.98	UIGSX
UIGRX	0.99	0.99	0.98	0.97	1.0	0.58		0.73	0.98	0.71	UIGRX
UIINX	0.75	0.75	0.8	0.74	0.75	0.95	0.73		0.75	0.98	UIINX
UIISX	0.98	0.97	0.97	0.95	0.99	0.61	0.98	0.75		0.74	UIISX
UIITX	0.73	0.73	0.78	0.72	0.73	0.98	0.71	0.98	0.74		UIITX
	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIINX	UIISX	UIITX

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Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Securities 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 Securities' 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
UICGX	0.53	0.10	0.08	0.28	0.35	(0.59)	1.51	(1.12)	3.34
UIEMX	0.51	0.21	0.18	0.61	0.00	(0.59)	1.55	(1.08)	4.28
UIHIX	0.14	0.05	(0.26)	0.55	0.00	(0.22)	0.30	(0.15)	1.18
UIIFX	0.50	0.14	0.08	0.51	0.34	(0.53)	1.24	(1.16)	3.04
UIGIX	0.62	0.08	0.08	0.23	0.57	(0.73)	1.79	(1.03)	4.87
UIGSX	0.22	0.00	(0.43)	0.18	0.19	(0.27)	0.46	(0.45)	1.14
UIGRX	0.85	0.19	0.20	0.32	0.66	(1.05)	2.49	(1.08)	5.60
UIINX	0.23	0.01	(0.37)	0.21	0.20	(0.27)	0.53	(0.44)	1.15
UIISX	0.63	0.02	0.00	0.16	0.61	(0.71)	1.54	(1.08)	4.46
UIITX	0.25	0.01	(0.34)	0.24	0.22	(0.28)	0.44	(0.44)	1.21

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Government Securities Correlations

Government Securities Correlation With Market

Average diversification

Moving together with Government Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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