Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Securities
AMUSX Fund  USD 11.79  0.01  0.08%   
The current 90-days correlation between Us Government Securities and Vanguard Gnma Fund is 0.94 (i.e., Almost no 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

Good diversification

The correlation between Us Government Securities and DJI is -0.18 (i.e., Good 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 state.

Moving together with AMUSX Mutual Fund

  0.84FPPPX American Funds PresePairCorr
  0.66TEBCX Tax Exempt BondPairCorr
  0.76TECCX Tax Exempt FundPairCorr
  0.7TECFX Tax Exempt FundPairCorr
  0.67TEFEX Tax Exempt FundPairCorr

Moving against AMUSX Mutual Fund

  0.71RNGGX New Economy FundPairCorr
  0.71RNGHX New Economy FundPairCorr
  0.7RNGAX New Economy FundPairCorr
  0.68RNGFX New Economy FundPairCorr
  0.67RNGBX New Economy FundPairCorr
  0.67RNGEX New Economy FundPairCorr
  0.67RNGCX New Economy FundPairCorr
  0.51AMFFX American MutualPairCorr
  0.5AMFCX American MutualPairCorr
  0.46AMECX Income FundPairCorr
  0.42AMEFX Income FundPairCorr
  0.7RNNEX New Economy FundPairCorr
  0.64AMPCX Amcap Fund ClassPairCorr
  0.64AMPFX Amcap Fund ClassPairCorr
  0.54CDJAX American Funds CollegePairCorr
  0.52AMRFX American MutualPairCorr
  0.48RNPEX New PerspectivePairCorr
  0.48AMRMX American MutualPairCorr
  0.47RNPCX New PerspectivePairCorr
  0.46RNPBX New PerspectivePairCorr
  0.46RNPAX New PerspectivePairCorr
  0.44RNPGX New PerspectivePairCorr
  0.43RNPHX New PerspectivePairCorr
  0.43RNPFX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between AMUSX 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.

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