Us Government Correlations

GVPIX Fund

USD 31.63 0.30 0.94%

The current 90-days correlation between Us Government Plus and Prudential Real Estate is 0.36 (i.e., Weak 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

Average diversification

The correlation between Us Government Plus and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Plus and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Us Government Plus. 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 gross domestic product.

Moving together with GVPIX Mutual Fund

1.0

GVPSX

Us Government Plus

Pair Corr

Moving against GVPIX Mutual Fund

0.31	UKPSX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.31	UKPIX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.99	RRPSX	Rising Rates Opportunity	Pair Corr
0.98	RRPIX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	PRKAX	VGSIX	FREAX	FIKMX	ZRPTUX	CREFX	CNREX
PRKAX		0.84	0.54	0.81	0.33	0.63	0.59	PRKAX
VGSIX	0.84		0.74	0.78	0.22	0.83	0.65	VGSIX
FREAX	0.54	0.74		0.2	0.23	0.84	0.24	FREAX
FIKMX	0.81	0.78	0.2		0.25	0.4	0.69	FIKMX
ZRPTUX	0.33	0.22	0.23	0.25		-0.13	0.19	ZRPTUX
CREFX	0.63	0.83	0.84	0.4	-0.13		0.38	CREFX
CNREX	0.59	0.65	0.24	0.69	0.19	0.38		CNREX
	PRKAX	VGSIX	FREAX	FIKMX	ZRPTUX	CREFX	CNREX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VGSIX	+ 0.84	PRKAX
CREFX	+ 0.84	FREAX
CREFX	+ 0.83	VGSIX
FIKMX	+ 0.81	PRKAX
FIKMX	+ 0.78	VGSIX
FREAX	+ 0.74	VGSIX

High negative correlations

CREFX

- 0.13

ZRPTUX

Risk-Adjusted Indicators

There is a big difference between GVPIX 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRKAX	0.46	0.02	(0.06)	0.15	0.45	(0.56)	1.09	(0.94)	2.27
VGSIX	0.61	0.00	(0.05)	0.11	0.77	(0.60)	1.67	(1.43)	3.88
FREAX	0.61	(0.03)	(0.09)	0.06	0.81	(0.62)	1.53	(1.31)	3.78
FIKMX	0.18	0.02	(0.27)	0.22	0.00	(0.23)	0.34	(0.33)	0.99
ZRPTUX	0.09	0.00	(0.21)	0.14	0.13	(0.18)	0.08	(0.46)	1.29
CREFX	0.57	(0.02)	(0.09)	0.07	0.79	(0.57)	1.40	(1.35)	3.49
CNREX	0.70	(0.06)	(0.07)	0.05	0.83	(0.76)	1.62	(1.50)	5.01

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