Government Fixed Correlations

Mutual Funds . USA . 
Fund . The Government Fixed
HCUSX Fund  USD 8.60  0.03  0.35%   
The current 90-days correlation between Government Fixed and Bbh Intermediate Municipal is 0.23 (i.e., Modest diversification). The correlation of Government Fixed 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.

Government Fixed Correlation With Market

Significant diversification

The correlation between The Government Fixed and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Government Fixed 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 The Government Fixed. 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 population.

Moving against Government Mutual Fund

  0.78PUTPX Pimco Unconstrained TaxPairCorr
  0.77RBSIX Rbc Funds TrustPairCorr
  0.73SDMZX Prudential Short DurationPairCorr
  0.71DRYQX Dreyfus Research GrowthPairCorr
  0.7MAHIX Litman Gregory MastersPairCorr
  0.62VSCAX Invesco Small CapPairCorr
  0.61NFEAX Columbia Large CapPairCorr
  0.6FZILX Fidelity Zero InternPairCorr
  0.59SDGCX Deutsche Capital GrowthPairCorr
  0.57TWUAX Ultra Fund APairCorr
  0.53PFSVX Imgp Sbh FocusedPairCorr
  0.52VTSAX Vanguard Total StockPairCorr
  0.52GDGSX Sit Global DividendPairCorr
  0.52FDCFX Fidelity Advisor FreedomPairCorr
  0.51VITSX Vanguard Total StockPairCorr
  0.43BGLUX Baron Global AdvantagePairCorr
  0.33VWENX Vanguard WellingtonPairCorr
  0.31VTIAX Vanguard Total InterPairCorr
  0.68RMBTX Rmb InternationalPairCorr
  0.68TITIX Tiaa-cref Tax-exemptPairCorr
  0.65TLFRX Tiaa Cref LifecyclePairCorr
  0.64SBDAX Stet California MunicipalPairCorr
  0.63BROCX Backrock Glbl OpprtntsPairCorr
  0.62TSHIX Transamerica StrategicPairCorr
  0.62FFALX Franklin Founding FundsPairCorr
  0.61PAEIX T Rowe PricePairCorr
  0.61NAWCX Voya Global EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Fixed 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 Government Fixed'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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