International Government Correlations

Mutual Funds . USA . 
Fund . International Government Bond
VCIFX Fund  USD 10.47  0.01  0.1%   
The current 90-days correlation between International Government and Mid Cap Index is -0.07 (i.e., Good diversification). The correlation of International 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.

International Government Correlation With Market

Good diversification

The correlation between International Government Bond and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Government Bond 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 International Government Bond. 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 International Mutual Fund

  0.65VMSGX Mid Cap StrategicPairCorr
  0.63VAPPX Valic Company IPairCorr
  0.63VSRDX Valic Company IPairCorr
  0.65VSTIX Stock Index FundPairCorr
  0.64VBCVX Broad Cap ValuePairCorr
  0.69VCAAX Asset AllocationPairCorr
  0.89VCBDX Valic Company IPairCorr
  0.63VCBCX Blue Chip GrowthPairCorr
  0.63VCGAX Growth IncomePairCorr
  0.67VCGEX Emerging EconomiesPairCorr
  0.87VCGSX Government SecuritiesPairCorr
  0.72VCFVX Foreign ValuePairCorr
  0.65VCIEX International EquitiesPairCorr
  0.68VCIGX Valic Company IPairCorr
  0.64VCNIX Nasdaq 100 IndexPairCorr
  0.67VCSTX Science TechnologyPairCorr
  0.87VCTPX Inflation ProtectedPairCorr
  0.65VCSOX Global Social AwarenessPairCorr
  0.66VCSLX Small Cap IndexPairCorr
  0.64VCULX Growth Fund GrowthPairCorr
  0.71VDAFX Dynamic AllocationPairCorr
  0.61VVMCX Valic Company IPairCorr
  0.63VVSGX Valic Company IPairCorr
  0.63VVSCX Valic Company IPairCorr
  0.74VGCLX Valic Company IPairCorr
  0.71VGLSX Global StrategyPairCorr
  0.75VHYLX Valic Company IPairCorr
  0.73VIOPX Valic Company IPairCorr
  0.67VLAGX Valic Company IPairCorr
  0.7VLSMX Valic Company IPairCorr
  0.85FGBRX Templeton Global BondPairCorr
  0.86FBNRX Templeton Global BondPairCorr
  0.99RCWBX Capital World BondPairCorr
  0.99CCWFX Capital World BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International 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 International 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
VMIDX  0.74  0.08  0.08  0.22  0.76 
(0.85)
 2.16 
(1.56)
 6.18 
VMSGX  0.79  0.19  0.18  0.32  0.63 
(0.93)
 2.37 
(1.36)
 5.47 
VAPPX  0.82  0.30  0.15 (1.96) 0.68 
(0.98)
 2.27 
(1.56)
 5.92 
VSRDX  0.67  0.27  0.13 (1.78) 0.49 
(0.81)
 1.92 
(1.52)
 4.31 
VSTIX  0.65  0.11  0.11  0.25  0.56 
(0.77)
 2.02 
(1.12)
 4.86 
VSSVX  0.99  0.00  0.01  0.13  1.00 
(1.13)
 2.38 
(1.75)
 6.32 
VBCVX  0.58  0.05  0.03  0.19  0.52 
(0.66)
 1.63 
(1.09)
 3.91 
VCAAX  0.43  0.07  0.02  0.25  0.33 
(0.52)
 1.37 
(0.85)
 3.15 
VCBDX  0.25  0.03 (0.31)(1.63) 0.17 
(0.32)
 0.52 
(0.41)
 1.46 
VCBCX  0.82  0.17  0.16  0.29  0.71 
(0.98)
 2.43 
(1.40)
 5.66 

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