Government Securities Correlations

USGNX Fund

USD 8.84 0.01 0.11%

The current 90-days correlation between Government Securities and Jpmorgan Diversified Fund is 0.29 (i.e., Modest diversification). The correlation of Government Securities 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 Securities Correlation With Market

Good diversification

The correlation between Government Securities Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Government Securities Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Government Securities Fund. 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 board of governors.

Moving together with Government Mutual Fund

0.95	UINCX	Income Fund Income	Pair Corr
0.95	UITBX	Intermediate Term Bond	Pair Corr
0.95	UITCX	Usaa Intermediate Term	Pair Corr
0.89	IPFIX	Victory Incore	Pair Corr
0.75	RSIGX	Victory Rs International	Pair Corr

Moving against Government Mutual Fund

0.69	RSFYX	Victory Floating Rate	Pair Corr
0.56	SRVEX	Victory Diversified Stock	Pair Corr
0.56	SSVSX	Victory Special Value	Pair Corr
0.56	MNNAX	Victory Munder Multi	Pair Corr
0.53	SBFCX	Victory Incore Investment	Pair Corr
0.53	SBFMX	Victory Portfolios	Pair Corr
0.49	UINQX	Usaa Nasdaq 100	Pair Corr
0.47	SSGSX	Victory Sycamore Small	Pair Corr
0.47	MMIJX	Victory Integrity Mid	Pair Corr
0.47	MMMSX	Victory Integrity	Pair Corr
0.43	MMECX	Victory Integrity	Pair Corr
0.43	MMEAX	Victory Integrity	Pair Corr
0.43	RSEGX	Victory Rs Small	Pair Corr
0.42	RSGFX	Victory Rs Select	Pair Corr
0.41	MMMMX	Victory Integrity	Pair Corr
0.38	RPPRX	Victory Rs Partners	Pair Corr
0.38	RSDGX	Victory Rs Select	Pair Corr
0.66	RSFMX	Victory Floating Rate	Pair Corr
0.61	RSFCX	Victory Floating Rate	Pair Corr
0.61	RSFLX	Victory Floating Rate	Pair Corr
0.58	RSNRX	Victory Global Natural	Pair Corr
0.57	RSNYX	Victory Global Natural	Pair Corr
0.53	RSGRX	Victory Rs Growth	Pair Corr
0.53	RSMOX	Victory Rs Mid	Pair Corr
0.51	RSIFX	Victory Rs Science	Pair Corr
0.46	RSMMX	Victory Rs Small Potential Growth	Pair Corr
0.46	VSVIX	Victory Integrity Small	Pair Corr
0.45	RSYYX	Victory High Yield	Pair Corr
0.43	RSYEX	Victory Rs Small	Pair Corr

Related Correlations Analysis

	JPDVX	QDARX	GUDAX	WCAFX	FHCOX	DTICX	XWDIX
JPDVX		-0.36	0.0	0.67	0.37	0.23	-0.1	JPDVX
QDARX	-0.36		0.0	-0.03	-0.58	0.22	0.56	QDARX
GUDAX	0.0	0.0		0.0	0.0	0.0	0.0	GUDAX
WCAFX	0.67	-0.03	0.0		-0.34	0.72	0.59	WCAFX
FHCOX	0.37	-0.58	0.0	-0.34		-0.44	-0.8	FHCOX
DTICX	0.23	0.22	0.0	0.72	-0.44		0.75	DTICX
XWDIX	-0.1	0.56	0.0	0.59	-0.8	0.75		XWDIX
	JPDVX	QDARX	GUDAX	WCAFX	FHCOX	DTICX	XWDIX

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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

XWDIX	+ 0.75	DTICX
DTICX	+ 0.72	WCAFX
WCAFX	+ 0.67	JPDVX
XWDIX	+ 0.59	WCAFX
XWDIX	+ 0.56	QDARX
FHCOX	+ 0.37	JPDVX

High negative correlations

XWDIX	- 0.8	FHCOX
FHCOX	- 0.58	QDARX
DTICX	- 0.44	FHCOX
QDARX	- 0.36	JPDVX
FHCOX	- 0.34	WCAFX
XWDIX	- 0.1	JPDVX

Risk-Adjusted Indicators

There is a big difference between Government Mutual Fund performing well and Government Securities 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 Securities' 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
JPDVX	0.37	0.01	(0.11)	0.12	0.33	(0.42)	0.86	(0.73)	2.56
QDARX	0.11	(0.02)	0.00	0.69	0.00	0.00	0.16	(0.24)	0.73
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WCAFX	0.23	(0.02)	(0.31)	0.05	0.23	(0.27)	0.46	(0.45)	1.36
FHCOX	0.03	0.00	0.00	(0.39)	0.00	0.00	0.00	0.00	0.60
DTICX	0.07	(0.01)	(0.77)	(0.42)	0.09	(0.14)	0.13	(0.13)	0.51
XWDIX	0.17	0.00	0.00	0.00	0.00	0.00	0.32	(0.38)	1.39

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