Elfun Government Correlations

ELMXX Fund

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The correlation of Elfun 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elfun Government Money. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	TPYYX	LTXFX	BBIIX	PRVHX	ARTFX	ABNTX	PATFX	TTRBX
TPYYX		0.51	0.47	0.52	0.25	0.61	0.54	0.37	TPYYX
LTXFX	0.51		0.99	0.39	0.01	0.8	0.96	0.86	LTXFX
BBIIX	0.47	0.99		0.33	0.0	0.75	0.95	0.85	BBIIX
PRVHX	0.52	0.39	0.33		0.61	0.59	0.47	0.35	PRVHX
ARTFX	0.25	0.01	0.0	0.61		-0.12	0.16	-0.29	ARTFX
ABNTX	0.61	0.8	0.75	0.59	-0.12		0.74	0.89	ABNTX
PATFX	0.54	0.96	0.95	0.47	0.16	0.74		0.75	PATFX
TTRBX	0.37	0.86	0.85	0.35	-0.29	0.89	0.75		TTRBX
	TPYYX	LTXFX	BBIIX	PRVHX	ARTFX	ABNTX	PATFX	TTRBX

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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

BBIIX	+ 0.99	LTXFX
PATFX	+ 0.96	LTXFX
PATFX	+ 0.95	BBIIX
TTRBX	+ 0.89	ABNTX
TTRBX	+ 0.86	LTXFX
TTRBX	+ 0.85	BBIIX

High negative correlations

TTRBX	- 0.29	ARTFX
ABNTX	- 0.12	ARTFX
ARTFX	- 0.0	BBIIX

Risk-Adjusted Indicators

There is a big difference between Elfun Money Market Fund performing well and Elfun Government Money Market 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 Elfun 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
TPYYX	0.70	(0.08)	(0.11)	0.02	0.95	(0.74)	1.40	(1.71)	5.39
LTXFX	0.09	0.01	(0.52)	0.00	0.11	(0.13)	0.20	(0.19)	0.78
BBIIX	0.12	0.01	(0.43)	(0.06)	0.14	(0.18)	0.29	(0.29)	1.17
PRVHX	0.10	0.00	(0.98)	0.35	0.00	(0.10)	0.22	(0.20)	0.53
ARTFX	0.12	0.03	(0.64)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
ABNTX	0.14	(0.01)	(0.52)	(0.47)	0.18	(0.17)	0.29	(0.30)	0.88
PATFX	0.16	0.02	(0.25)	(0.12)	0.21	(0.24)	0.44	(0.35)	1.69
TTRBX	0.13	0.00	(0.62)	0.13	0.14	(0.17)	0.30	(0.30)	0.70

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Elfun Government Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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