Government Securities Correlations
| USGNX Fund | USD 8.84 0.01 0.11% |
The current 90-days correlation between Government Securities and Glg Intl Small is 0.08 (i.e., Significant 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.
Government |
Moving together with Government Mutual Fund
| 0.83 | UINCX | Income Fund Income | PairCorr |
| 0.84 | UITBX | Intermediate Term Bond | PairCorr |
| 0.83 | UITCX | Usaa Intermediate Term | PairCorr |
| 0.67 | UITIX | Usaa Tax Exempt | PairCorr |
| 0.64 | RSFCX | Victory Floating Rate | PairCorr |
| 0.64 | RSFMX | Victory Floating Rate | PairCorr |
| 0.65 | RSFLX | Victory Floating Rate | PairCorr |
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLVIX | 0.78 | 0.10 | 0.12 | 0.24 | 0.52 | 2.39 | 5.76 | |||
| HRSCX | 0.89 | 0.13 | 0.13 | 0.25 | 0.82 | 2.45 | 6.38 | |||
| LMBMX | 0.82 | 0.13 | 0.12 | 0.26 | 0.78 | 2.41 | 5.59 | |||
| ANTMX | 0.56 | 0.22 | 0.18 | 0.94 | 0.22 | 1.42 | 3.46 | |||
| ASCGX | 0.96 | 0.17 | 0.14 | 0.29 | 0.95 | 2.21 | 5.87 | |||
| MMSCX | 0.82 | 0.09 | 0.09 | 0.21 | 0.81 | 2.19 | 6.61 | |||
| QUAIX | 0.97 | 0.13 | 0.12 | 0.24 | 0.85 | 2.55 | 6.51 | |||
| MSSGX | 1.24 | 0.14 | 0.12 | 0.25 | 1.07 | 2.81 | 6.41 |