Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Securities
CGTCX Fund  USD 11.99  0.01  0.08%   
The current 90-days correlation between Us Government Securities and New World Fund is -0.15 (i.e., Good 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.

Us Government Correlation With Market

Modest diversification

The correlation between Us Government Securities and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities 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 private.

Moving together with CGTCX Mutual Fund

  0.84GVTFX Us Government SecuritiesPairCorr
  0.66HIMFX American High IncomePairCorr
  0.85CGTFX Us Government SecuritiesPairCorr
  0.63RRPPX American Funds RetirementPairCorr
  0.84USGFX Us Government SecuritiesPairCorr
  0.84RGVAX Us Government SecuritiesPairCorr
  0.97RGVEX Us Government SecuritiesPairCorr
  0.81VSIGX Vanguard Intermediate-terPairCorr
  0.85UGSFX Us Government SecuritiesPairCorr
  0.98AMUSX Us Government SecuritiesPairCorr
  0.85UGSCX Us Government SecuritiesPairCorr
  0.84FSUUX American Funds GovernmentPairCorr
  0.83FSUGX American Funds GovernmentPairCorr
  0.91VFIJX Vanguard GnmaPairCorr
  0.9VMBSX Vanguard Mortgage-backedPairCorr
  0.85MFAEX American Funds MortgagePairCorr
  0.98MFACX American Funds MortgagePairCorr
  0.97VBTLX Vanguard Total BondPairCorr
  0.66VMATX Vanguard MassachusettsPairCorr
  0.66LCPMX Lind Capital PartnersPairCorr
  0.63FPUKX Fidelity PuritanPairCorr
  0.72CABIX Ab Global RiskPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between CGTCX 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
RNEBX  0.53  0.07  0.01  2.39  0.67 
(0.54)
 1.22 
(1.16)
 3.51 
RNCCX  0.27  0.00 (0.11) 0.08  0.24 
(0.32)
 0.49 
(0.49)
 1.47 
FPPPX  0.08  0.00 (0.56) 1.85  0.00 
(0.13)
 0.21 
(0.11)
 0.42 
RNGGX  0.75  0.07  0.05  0.14  1.05 
(0.74)
 1.55 
(2.07)
 4.78 
RNGFX  0.75  0.15  0.06  3.13  1.03 
(0.74)
 1.56 
(2.07)
 4.79 
RNGHX  0.75  0.07  0.05  0.14  1.05 
(0.74)
 1.55 
(2.06)
 4.78 
RNGBX  0.75  0.06  0.05  0.13  1.05 
(0.73)
 1.54 
(2.07)
 4.77 
RNGAX  0.75  0.06  0.05  0.13  1.05 
(0.73)
 1.55 
(2.07)
 4.78 
RNGCX  0.75  0.06  0.05  0.14  1.06 
(0.73)
 1.55 
(2.06)
 4.78 
TEAFX  0.10  0.03 (0.30)(8.33) 0.00 
(0.17)
 0.33 
(0.16)
 0.81 

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