Quantified Government Correlations

Mutual Funds . USA . 
Fund . Quantified Government Income
QGITX Fund  USD 6.91  0.01  0.14%   
The current 90-days correlation between Quantified Government and Quantified Alternative Investment is 0.11 (i.e., Average diversification). The correlation of Quantified 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.

Quantified Government Correlation With Market

Good diversification

The correlation between Quantified Government Income and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quantified Government Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantified Government Income. 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 persons.

Moving against Quantified Mutual Fund

  0.61QETCX Quantified EckhardtPairCorr
  0.48OTRFX Ontrack E FundPairCorr
  0.44QGBLX Quantified GlobalPairCorr
  0.42QEVOX Quantified Evolution PlusPairCorr
  0.4SVARX Spectrum Low VolatilityPairCorr
  0.37QGLCX Gold Bullion Steady GrowthPairCorr
  0.36QGLDX Gold Bullion Steady GrowthPairCorr
  0.32OTRGX Ontrack E FundPairCorr
  0.42PRUAX Prudential UtilityPairCorr
  0.39VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Quantified Mutual Fund performing well and Quantified 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 Quantified 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAPEX  0.49  0.00 (0.06) 0.08  0.54 
(0.49)
 1.33 
(0.93)
 3.02 
OTRFX  0.22  0.06 (0.06) 0.37  0.00 
(0.26)
 0.46 
(0.34)
 1.68 
OTRGX  0.57  0.05  0.00  0.19  1.82 
(0.59)
 0.46 
(0.37)
 23.74 
SUNBX  0.21  0.03 (0.12) 0.22  0.00 
(0.27)
 0.46 
(0.31)
 1.51 
QMLAX  1.02 (0.07)(0.02) 0.04  1.41 
(1.02)
 2.04 
(2.24)
 5.76 
QMLFX  1.02 (0.07)(0.02) 0.04  1.40 
(1.02)
 2.02 
(2.21)
 5.64 
SVARX  0.12  0.03 (0.26) 0.36  0.00 
(0.15)
 0.26 
(0.21)
 1.10 
QRDTX  0.72  0.11  0.02 (14.18) 0.76 
(0.78)
 1.59 
(1.55)
 4.30 
QALAX  0.47  0.06  0.02  0.19  0.51 
(0.48)
 0.88 
(1.24)
 2.76 
QALTX  0.46  0.06  0.03  0.19  0.55 
(0.48)
 0.87 
(1.33)
 2.72 

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