Valic Company Correlations

Mutual Funds . USA . 
Fund . Valic Company I
VAPPX Fund  USD 21.88  0.12  0.55%   
The current 90-days correlation between Valic Company I and Fidelity Advisor Technology is 0.94 (i.e., Almost no diversification). The correlation of Valic Company 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.

Valic Company Correlation With Market

Good diversification

The correlation between Valic Company I and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I 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 Valic Company I. 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 american community survey.

Moving together with Valic Mutual Fund

  0.98VCAAX Asset AllocationPairCorr
  0.98VCNIX Nasdaq 100 IndexPairCorr
  0.95VVSCX Valic Company IPairCorr
  0.85VGREX Global Real EstatePairCorr
  0.98VLCGX Large Capital GrowthPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.96SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.97SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.92TTEEX T Rowe PricePairCorr
  0.92TREMX T Rowe PricePairCorr
  0.98FIKGX Fidelity Advisor SemPairCorr
  0.97ONERX One Rock Fund Steady GrowthPairCorr
  0.97FELCX Fidelity Advisor SemPairCorr
  0.97FELIX Fidelity Advisor SemPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.98FELAX Fidelity Advisor SemPairCorr
  0.79LSIIX Loomis Sayles InvestmentPairCorr
  0.98FTZFX Fuller Thaler BehavioralPairCorr
  0.98GGNPX Goldman Sachs HighPairCorr
  0.98CBLAX Columbia BalancedPairCorr
  0.96JECIX John Hancock VarPairCorr
  0.76GLEAX Goldman Sachs MlpPairCorr
  0.98OPTIX Oppenheimer CapitalPairCorr
  0.94VEVFX Vanguard Explorer ValuePairCorr
  0.94PNRZX Pgim Jennison NaturalPairCorr
  0.98BLARX Lord Abbett BalancedPairCorr
  0.97ANVHX American Century NonPairCorr
  0.96OAZMX Oakmark Fund R6PairCorr
  0.96WEGRX Allspring Emerging GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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.

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