Valic Company Correlations

VAPPX Fund

USD 23.35 0.56 2.46%

The current 90-days correlation between Valic Company I and Small Cap Growth Profund is 0.63 (i.e., Poor 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

Poor diversification

The correlation between Valic Company I and DJI is 0.62 (i.e., Poor 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 various price indices.

Moving together with Valic Mutual Fund

0.9	FAFGX	American Funds	Pair Corr
0.9	FFAFX	American Funds	Pair Corr
0.9	GFACX	Growth Fund	Pair Corr
0.89	GFAFX	Growth Fund	Pair Corr
0.9	AGTHX	Growth Fund	Pair Corr
0.9	CGFFX	Growth Fund	Pair Corr
0.88	CGFCX	Growth Fund	Pair Corr
0.89	CGFAX	Growth Fund	Pair Corr
0.89	CGFEX	Growth Fund	Pair Corr
0.89	RGAEX	Growth Fund	Pair Corr
0.99	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.98	RYVLX	Nasdaq 100 2x	Pair Corr
0.98	RYVYX	Nasdaq 100 2x	Pair Corr
0.98	UOPIX	Ultra Nasdaq 100	Pair Corr
0.99	RYCCX	Nasdaq 100 2x	Pair Corr
0.99	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.61	BIPIX	Biotechnology Ultrasector Steady Growth	Pair Corr
0.76	GPICX	Guidepath Conservative	Pair Corr
0.8	IBM	International Business	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	BAC	Bank of America	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.9	GE	GE Aerospace	Pair Corr
0.8	INTC	Intel Aggressive Push	Pair Corr

Moving against Valic Mutual Fund

0.7	VZ	Verizon Communications	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.31	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	SGPIX	SVPSX	UMPIX	MLPIX
SGPIX		0.87	0.92	0.9	SGPIX
SVPSX	0.87		0.82	0.77	SVPSX
UMPIX	0.92	0.82		0.98	UMPIX
MLPIX	0.9	0.77	0.98		MLPIX
	SGPIX	SVPSX	UMPIX	MLPIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SGPIX	0.80	(0.05)	0.00	(0.03)	0.00	0.00	1.78	(1.52)	5.21
SVPSX	0.92	(0.03)	(0.01)	0.00	1.21	(0.96)	2.07	(2.08)	5.65
UMPIX	1.45	(0.08)	0.00	(0.02)	0.00	0.00	2.90	(3.18)	8.93
MLPIX	0.69	(0.06)	0.00	(0.04)	0.00	0.00	1.36	(1.27)	4.46

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