American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced
ABALX Fund  USD 39.68  0.32  0.80%   
The current 90-days correlation between American Balanced and Virtus Multi Sector Short is 0.07 (i.e., Significant diversification). The correlation of American Balanced 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.

American Balanced Correlation With Market

Average diversification

The correlation between American Balanced and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Balanced. 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 bureau of economic analysis.

Moving together with American Mutual Fund

  0.96CUSEX Capital Group EquityPairCorr
  0.81EMGEX Emerging Markets GrowthPairCorr
  0.81EMRGX Emerging Markets GrowthPairCorr
  0.63FAATX American Funds 2010PairCorr
  0.67FAETX American Funds 2030PairCorr
  0.96FAFWX American Funds RetirementPairCorr
  0.71FAITX American Funds 2050PairCorr
  0.96FAJTX American Funds 2055PairCorr
  0.63FAKTX American Funds 2015PairCorr
  0.66FAOTX American Funds 2020PairCorr
  0.7FAQTX American Funds 2035PairCorr
  0.99FAPTX American Funds 2025PairCorr
  0.71FATTX American Funds 2045PairCorr
  0.67FAUTX American Funds 2040PairCorr
  0.67FAWTX American Funds 2060PairCorr
  0.98FBFWX American Funds RetirementPairCorr
  0.91NAARX American Funds RetirementPairCorr
  0.63FCFWX American Funds RetirementPairCorr
  0.68NBCRX American Funds RetirementPairCorr
  0.91NBARX American Funds RetirementPairCorr
  0.77BFCFX American Funds PoratePairCorr
  0.78BFCCX American Funds PoratePairCorr
  0.9NDARX American Funds RetirementPairCorr
  0.98NDCRX American Funds RetirementPairCorr
  0.81REFGX Emerging Markets GrowthPairCorr
  0.95NGCRX American Funds RetirementPairCorr
  0.96AGVEX American Funds GlobalPairCorr
  0.95AGVDX American Funds GlobalPairCorr
  0.96AGVFX American Funds GlobalPairCorr
  0.86AIVCX American Funds InterPairCorr
  0.87AIVBX American Funds InterPairCorr
  0.69AIVEX American Funds InterPairCorr
  0.76DWGFX American Funds DevelopingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Balanced 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 American Balanced'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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