Us Government Correlations

CGTFX Fund

USD 11.73 0.01 0.09%

The current 90-days correlation between Us Government Securities and Lkcm Small Cap is 0.15 (i.e., Average 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 0.21 (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 census.

Moving together with CGTFX Mutual Fund

0.72	AMFCX	American Mutual	Pair Corr
0.72	AMFFX	American Mutual	Pair Corr
0.81	RNCCX	American Funds Income	Pair Corr
0.74	AMHIX	American High Income	Pair Corr
0.81	FPTPX	American Funds Conse	Pair Corr
0.72	AMRMX	American Mutual	Pair Corr
0.69	TEPFX	American Funds Tax	Pair Corr
0.88	WBFFX	Capital World Bond	Pair Corr
1.0	CGTCX	Us Government Securities	Pair Corr
0.86	RRPPX	American Funds Retirement	Pair Corr
0.67	FCJTX	American Funds 2055	Pair Corr
0.76	RRQPX	American Funds Retirement	Pair Corr
0.91	RROPX	American Funds Retirement	Pair Corr
0.8	CIREX	Capital Income Builder	Pair Corr
0.8	CIRFX	Capital Income Builder	Pair Corr
0.8	CIRCX	Capital Income Builder	Pair Corr
0.8	CIRAX	Capital Income Builder	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
0.71	FFFMX	American Funds American	Pair Corr
0.88	RCWGX	Capital World Bond	Pair Corr
0.72	FFMMX	American Funds American	Pair Corr
0.92	IBFFX	Intermediate Bond	Pair Corr
0.79	REJTX	American Funds 2015	Pair Corr
0.83	AEGFX	Europacific Growth	Pair Corr
1.0	USGFX	Us Government Securities	Pair Corr
0.61	RGAAX	Growth Fund	Pair Corr
0.71	AFMFX	American Mutual	Pair Corr
0.99	RGVAX	Us Government Securities	Pair Corr
1.0	RGVEX	Us Government Securities	Pair Corr
0.76	BLPEX	American Funds Balanced	Pair Corr
0.8	IGAIX	International Growth And	Pair Corr
0.8	RIRCX	Capital Income Builder	Pair Corr
0.8	RIRBX	Capital Income Builder	Pair Corr
0.8	RIREX	Capital Income Builder	Pair Corr
0.8	RIRAX	Capital Income Builder	Pair Corr

Related Correlations Analysis

	LKSCX	NEAIX	HSCVX	CCMSX	ASCGX	QUAIX
LKSCX		0.54	0.88	0.0	0.78	0.87	LKSCX
NEAIX	0.54		0.51	0.0	0.89	0.76	NEAIX
HSCVX	0.88	0.51		0.0	0.72	0.9	HSCVX
CCMSX	0.0	0.0	0.0		0.0	0.0	CCMSX
ASCGX	0.78	0.89	0.72	0.0		0.93	ASCGX
QUAIX	0.87	0.76	0.9	0.0	0.93		QUAIX
	LKSCX	NEAIX	HSCVX	CCMSX	ASCGX	QUAIX

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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

QUAIX	+ 0.93	ASCGX
QUAIX	+ 0.9	HSCVX
ASCGX	+ 0.89	NEAIX
HSCVX	+ 0.88	LKSCX
QUAIX	+ 0.87	LKSCX
ASCGX	+ 0.78	LKSCX

High negative correlations

QUAIX	- 0.0	CCMSX
ASCGX	- 0.0	CCMSX
CCMSX	- 0.0	HSCVX
CCMSX	- 0.0	NEAIX
CCMSX	- 0.0	LKSCX

Risk-Adjusted Indicators

There is a big difference between CGTFX 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
LKSCX	0.89	(0.02)	(0.01)	(0.01)	1.80	(0.79)	1.64	(1.41)	13.50
NEAIX	1.11	0.05	0.03	0.10	1.22	(1.25)	2.28	(1.60)	8.12
HSCVX	0.72	(0.01)	(0.02)	0.00	0.88	(0.93)	1.47	(1.50)	8.08
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASCGX	1.11	0.05	0.03	0.09	1.41	(1.11)	2.24	(2.22)	8.49
QUAIX	1.00	0.03	0.01	0.06	1.35	(1.02)	1.92	(2.07)	9.07

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