Us Government Correlations

GVPSX Fund

USD 30.38 0.04 0.13%

The current 90-days correlation between Us Government Plus and Nuveen All American Municipal is 0.55 (i.e., Very weak 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

Very good diversification

The correlation between Us Government Plus and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Government Plus and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Us Government Plus. 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 GVPSX Mutual Fund

0.78	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	UIPSX	Ultrashort Mid Cap	Pair Corr
0.81	BRPIX	Bear Profund Bear	Pair Corr
0.81	BRPSX	Bear Profund Bear	Pair Corr
1.0	GVPIX	Us Government Plus	Pair Corr
0.73	UKPSX	Ultrashort Japan Profund	Pair Corr
0.73	UKPIX	Ultrashort Japan Profund	Pair Corr

Moving against GVPSX Mutual Fund

0.85	LGPIX	Large Cap Growth	Pair Corr
0.84	LGPSX	Profunds Large Cap	Pair Corr
0.83	OTPIX	Nasdaq 100 Profund	Pair Corr
0.83	OTPSX	Nasdaq 100 Profund	Pair Corr
0.83	MLPIX	Mid Cap Value	Pair Corr
0.82	MLPSX	Mid Cap Value	Pair Corr
0.78	TEPIX	Technology Ultrasector	Pair Corr
0.78	TEPSX	Technology Ultrasector	Pair Corr
0.72	ENPSX	Oil Gas Ultrasector	Pair Corr
0.61	UJPIX	Ultrajapan Profund	Pair Corr
0.6	SRPIX	Short Real Estate	Pair Corr
0.6	UJPSX	Ultrajapan Profund	Pair Corr
0.56	SRPSX	Short Real Estate	Pair Corr
1.0	RRPSX	Rising Rates Opportunity	Pair Corr
0.89	INPIX	Internet Ultrasector	Pair Corr
0.89	INPSX	Internet Ultrasector	Pair Corr
0.87	WCPIX	Mobile Telecommunicatio	Pair Corr
0.87	WCPSX	Mobile Telecommunicatio	Pair Corr
0.83	ULPIX	Ultrabull Profund	Pair Corr
0.82	ULPSX	Ultrabull Profund	Pair Corr
0.79	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.75	CYPSX	Consumer Services	Pair Corr
0.75	CYPIX	Consumer Services	Pair Corr
0.74	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.73	ENPIX	Oil Gas Ultrasector	Pair Corr
0.73	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.68	SVPIX	Small Cap Value	Pair Corr
0.68	SVPSX	Small Cap Value	Pair Corr
1.0	RRPIX	Rising Rates Opportunity	Pair Corr
0.99	RTPSX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	FACCX	FYMNX	MWCSX	PMUYX	PRVBX	GTFBX	ARTFX
FACCX		0.79	0.8	0.95	-0.04	0.89	-0.23	FACCX
FYMNX	0.79		0.6	0.86	0.47	0.97	0.36	FYMNX
MWCSX	0.8	0.6		0.78	0.21	0.71	-0.18	MWCSX
PMUYX	0.95	0.86	0.78		0.15	0.93	-0.1	PMUYX
PRVBX	-0.04	0.47	0.21	0.15		0.33	0.82	PRVBX
GTFBX	0.89	0.97	0.71	0.93	0.33		0.17	GTFBX
ARTFX	-0.23	0.36	-0.18	-0.1	0.82	0.17		ARTFX
	FACCX	FYMNX	MWCSX	PMUYX	PRVBX	GTFBX	ARTFX

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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

GTFBX	+ 0.97	FYMNX
PMUYX	+ 0.95	FACCX
GTFBX	+ 0.93	PMUYX
GTFBX	+ 0.89	FACCX
PMUYX	+ 0.86	FYMNX
ARTFX	+ 0.82	PRVBX

High negative correlations

ARTFX	- 0.23	FACCX
ARTFX	- 0.18	MWCSX
ARTFX	- 0.1	PMUYX
PRVBX	- 0.04	FACCX

Risk-Adjusted Indicators

There is a big difference between GVPSX 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
FACCX	0.15	0.00	(0.41)	0.09	0.23	(0.21)	0.39	(0.39)	1.48
FYMNX	0.13	0.01	(0.34)	(0.01)	0.18	(0.19)	0.37	(0.28)	1.39
MWCSX	0.15	(0.01)	(0.35)	0.73	0.20	(0.30)	0.43	(0.43)	1.40
PMUYX	0.10	0.00	(0.42)	0.16	0.18	(0.15)	0.25	(0.24)	1.07
PRVBX	0.09	0.00	(0.92)	0.47	0.00	(0.10)	0.20	(0.20)	0.53
GTFBX	0.17	0.01	(0.31)	0.00	0.24	(0.26)	0.46	(0.45)	1.65
ARTFX	0.12	0.03	(0.60)	0.57	0.00	(0.20)	0.33	(0.22)	1.01

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