Government Securities Correlations

UIGSX Fund  USD 8.84  0.02  0.23%   
The current 90-days correlation between Government Securities and T Rowe Price is -0.07 (i.e., Good diversification). The correlation of Government Securities 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.

Government Securities Correlation With Market

Good diversification

The correlation between Government Securities Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Securities Fund 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 Government Securities Fund. 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 state.

Moving together with Government Mutual Fund

  0.65UIHIX High Income FundPairCorr
  0.86UIINX Income Fund IncomePairCorr
  0.62UIISX Income StockPairCorr
  0.89UIITX Intermediate Term BondPairCorr
  0.8UISBX Short Term BondPairCorr
  0.98URIBX Intermediate Term BondPairCorr
  0.87URIFX Income Fund IncomePairCorr
  1.0URGSX Government SecuritiesPairCorr
  0.65URHIX High Income FundPairCorr
  0.64URSBX Short Term BondPairCorr
  0.74URUSX Ultra Short TermPairCorr
  0.95AMUSX Us Government SecuritiesPairCorr
  0.85FSUGX American Funds GovernmentPairCorr
  0.8UGSCX Us Government SecuritiesPairCorr
  0.71FSUUX American Funds GovernmentPairCorr
  0.87VMBSX Vanguard Mortgage-backedPairCorr
  0.82FUTBX Fidelity Sai TreasuryPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Securities 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 Government Securities' 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.