American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
AMBFX Fund  USD 36.84  0.03  0.08%   
The current 90-days correlation between American Balanced and Income Fund Of is 0.04 (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 Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced Fund 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 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 census.

Moving together with American Mutual Fund

  0.69AMFCX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.68RNCCX American Funds IncomePairCorr
  0.68FPTPX American Funds ConsePairCorr
  0.84RNPGX New PerspectivePairCorr
  0.71TEPFX American Funds TaxPairCorr
  0.62RNWGX New World FundPairCorr
  0.71BALFX American BalancedPairCorr
  0.71BALCX American BalancedPairCorr
  0.67FAETX American Funds 2030PairCorr
  0.64SCWFX Smallcap WorldPairCorr
  0.88FBAFX American Funds AmericanPairCorr
  0.86FSWFX American Funds SmallcapPairCorr
  0.88FBONX American Funds AmericanPairCorr
  0.68RRPPX American Funds RetirementPairCorr
  0.99FCJTX American Funds 2055PairCorr
  1.0RRQPX American Funds RetirementPairCorr
  0.99RROPX American Funds RetirementPairCorr
  1.0FUNFX American Funds FundaPairCorr
  0.99CIMCX Income FundPairCorr
  1.0AAETX American Funds 2030PairCorr
  0.87ABALX American BalancedPairCorr
  0.76RCBEX American Funds PoratePairCorr
  0.88CLBEX American BalancedPairCorr
  0.88CLBAX American BalancedPairCorr
  0.68REJTX American Funds 2015PairCorr
  0.87RWMGX Washington MutualPairCorr
  0.97AHITX American High IncomePairCorr
  0.98IGAIX International Growth AndPairCorr

Related Correlations Analysis

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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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