Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Securities
USGFX Fund  USD 11.91  0.03  0.25%   
The current 90-days correlation between Us Government Securities and Income Fund Of is 0.25 (i.e., Modest 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.
  
Check out World Market Map 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 census.

Moving together with USGFX Mutual Fund

  0.79FPPPX American Funds PresePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.66TEAFX Tax Exempt BondPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between USGFX 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.35  0.16  0.00 (2.43) 0.00 
(0.39)
 0.97 
(0.56)
 2.29 
RNEBX  0.50  0.28  0.22 (17.94) 0.00 
(0.59)
 1.90 
(0.87)
 3.41 
AMFCX  0.53  0.20  0.06 (3.42) 0.42 
(0.64)
 1.52 
(0.83)
 3.61 
AMFFX  0.53  0.20  0.07 (3.54) 0.40 
(0.65)
 1.52 
(0.84)
 3.62 
RNCCX  0.28  0.07 (0.05) 0.34  0.00 
(0.35)
 0.91 
(0.50)
 1.87 
FPPPX  0.13  0.02 (0.63)(0.95) 0.00 
(0.16)
 0.21 
(0.32)
 0.85 
AMEFX  0.35  0.17  0.02 (2.53) 0.00 
(0.41)
 0.99 
(0.53)
 2.31 
RNGGX  0.71  0.35  0.19 (5.12) 0.39 
(0.81)
 2.23 
(1.36)
 5.17 
RNGFX  0.68  0.18  0.16  0.34  0.46 
(0.76)
 2.24 
(1.36)
 5.16 
RNGHX  0.70  0.35  0.19 (5.25) 0.39 
(0.79)
 2.25 
(1.35)
 5.17 

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