Us Government Correlations

Mutual Funds . USA . 
Fund . Us Government Securities
CGTCX Fund  USD 11.69  0.01  0.09%   
The current 90-days correlation between Us Government Securities and Vanguard Gnma Fund is 0.93 (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 main economic indicators.

Moving together with CGTCX Mutual Fund

  0.85FPPPX American Funds PresePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.75TECCX Tax Exempt FundPairCorr
  0.62TEAFX Tax Exempt BondPairCorr
  0.69TECFX Tax Exempt FundPairCorr
  0.66TEFEX Tax Exempt FundPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  0.61TEPCX American Funds TaxPairCorr

Moving against CGTCX Mutual Fund

  0.71RNGGX New Economy FundPairCorr
  0.71RNGHX New Economy FundPairCorr
  0.68RNGFX New Economy FundPairCorr
  0.68RNGBX New Economy FundPairCorr
  0.68RNGAX New Economy FundPairCorr
  0.68RNGEX New Economy FundPairCorr
  0.68RNGCX New Economy FundPairCorr
  0.68RNNEX New Economy FundPairCorr
  0.66AMPFX Amcap Fund ClassPairCorr
  0.65AMPCX Amcap Fund ClassPairCorr
  0.55CDJAX American Funds CollegePairCorr
  0.52AMFFX American MutualPairCorr
  0.51AMFCX American MutualPairCorr
  0.47AMECX Income FundPairCorr
  0.47RNPCX New PerspectivePairCorr
  0.44AMEFX Income FundPairCorr
  0.44RNPHX New PerspectivePairCorr
  0.44RNPGX New PerspectivePairCorr
  0.41RNPBX New PerspectivePairCorr
  0.41RNPAX New PerspectivePairCorr
  0.73ANCFX American Funds FundaPairCorr
  0.71ANEFX New Economy FundPairCorr
  0.68ANFCX New Economy FundPairCorr
  0.68ANFFX New Economy FundPairCorr
  0.53AMRFX American MutualPairCorr
  0.5AMRMX American MutualPairCorr
  0.47RNPEX New PerspectivePairCorr
  0.44RNPFX New PerspectivePairCorr
  0.41NPFCX New PerspectivePairCorr

Related Correlations Analysis

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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.

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