Valic Company Correlations
| VGCLX Fund | USD 10.74 0.05 0.47% |
The correlation of Valic Company 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valic Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valic Company I moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very poor diversification
The correlation between Valic Company I and NYA is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valic Company I and NYA in the same portfolio, assuming nothing else is changed.
Valic |
The ability to find closely correlated positions to Valic Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valic Company when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Valic Company - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Valic Company I to buy it.
Moving together with Valic Mutual Fund
| 0.88 | VMIDX | Mid Cap Index | PairCorr |
| 0.87 | VMSGX | Mid Cap Strategic | PairCorr |
| 0.81 | VAPPX | Valic Company I | PairCorr |
| 0.9 | VSRDX | Valic Company I | PairCorr |
| 0.87 | VSTIX | Stock Index Fund | PairCorr |
| 0.82 | VSSVX | Small Cap Special | PairCorr |
| 0.81 | VBCVX | Broad Cap Value | PairCorr |
| 0.93 | VCAAX | Asset Allocation | PairCorr |
| 0.76 | VCBCX | Blue Chip Growth | PairCorr |
| 0.91 | VCGAX | Growth Me Fund | PairCorr |
| 0.66 | VCGEX | Emerging Economies | PairCorr |
| 0.74 | VCFVX | Foreign Value | PairCorr |
| 0.9 | VCIEX | International Equities | PairCorr |
| 0.74 | VCIFX | International Government | PairCorr |
| 0.68 | VCIGX | Valic Company I | PairCorr |
| 0.83 | VCINX | International Growth | PairCorr |
| 0.85 | VCSTX | Science Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Valic Mutual Fund performing well and Valic Company 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 Valic Company'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VMIDX | 0.71 | (0.03) | 0.00 | 0.06 | 0.89 | 1.43 | 3.77 | |||
| VMSGX | 0.70 | 0.00 | 0.01 | 0.08 | 0.74 | 1.62 | 3.83 | |||
| VAPPX | 1.02 | (0.01) | 0.00 | 0.07 | 1.42 | 1.70 | 18.56 | |||
| VSRDX | 0.59 | (0.01) | (0.01) | 0.07 | 0.62 | 1.22 | 3.90 | |||
| VSTIX | 0.60 | (0.01) | (0.01) | 0.07 | 0.60 | 1.11 | 3.56 | |||
| VSSVX | 0.80 | (0.04) | (0.01) | 0.05 | 1.10 | 1.71 | 5.15 | |||
| VBCVX | 0.52 | 0.01 | 0.01 | 0.09 | 0.66 | 1.22 | 3.95 | |||
| VCAAX | 0.44 | (0.02) | (0.08) | 0.05 | 0.42 | 0.83 | 2.88 | |||
| VCBDX | 0.39 | (0.05) | 0.00 | (0.10) | 0.00 | 0.53 | 7.29 | |||
| VCBCX | 1.10 | 0.01 | 0.01 | 0.09 | 1.76 | 2.00 | 22.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Valic Company without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Already Invested in Valic Company I?
The danger of trading Valic Company I is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Valic Company is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Valic Company. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Valic Company I is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valic Company I. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.