American Mutual Correlations

AMFCX Fund

USD 57.20 0.46 0.81%

The current 90-days correlation between American Mutual and Fabwx is -0.08 (i.e., Good diversification). The correlation of American Mutual 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 Mutual Correlation With Market

Good diversification

The correlation between American Mutual 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 American Mutual 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 Mutual 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 main economic indicators.

Moving together with American Mutual Fund

1.0	AMFFX	American Mutual	Pair Corr
0.93	RNCCX	American Funds Income	Pair Corr
0.98	FPTPX	American Funds Conse	Pair Corr
0.88	TEPFX	American Funds Tax	Pair Corr
0.97	RRPPX	American Funds Retirement	Pair Corr
0.9	FCJTX	American Funds 2055	Pair Corr
0.91	RRQPX	American Funds Retirement	Pair Corr
0.96	RROPX	American Funds Retirement	Pair Corr
0.92	REJTX	American Funds 2015	Pair Corr
0.9	RGNAX	American Funds Growth	Pair Corr
0.9	WMFFX	Washington Mutual	Pair Corr
0.88	GAFFX	Growth Fund	Pair Corr
0.96	VVIAX	Vanguard Value Index	Pair Corr
0.89	DOXGX	Dodge Cox Stock	Pair Corr
0.92	AFMFX	American Mutual	Pair Corr
0.92	FFMMX	American Funds American	Pair Corr
0.92	FFFMX	American Funds American	Pair Corr
1.0	AMRMX	American Mutual	Pair Corr
0.97	DODGX	Dodge Stock Fund	Pair Corr
0.87	VIVAX	Vanguard Value Index	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.92	VGTSX	Vanguard Total Inter	Pair Corr
0.92	VTIAX	Vanguard Total Inter	Pair Corr
0.77	GLOIX	Gamco Global Opportunity	Pair Corr
0.87	DIERX	Dreyfus International	Pair Corr
0.86	GICPX	Gamco Global Growth	Pair Corr

Related Correlations Analysis

	FABWX	OPTCX	FKHEMX	FBANJX	IEMSX	FZNOPX	RPBAX
FABWX		0.61	1.0	0.99	-0.02	0.94	0.93	FABWX
OPTCX	0.61		0.6	0.57	0.21	0.42	0.58	OPTCX
FKHEMX	1.0	0.6		0.99	-0.07	0.95	0.92	FKHEMX
FBANJX	0.99	0.57	0.99		-0.03	0.95	0.93	FBANJX
IEMSX	-0.02	0.21	-0.07	-0.03		-0.16	0.0	IEMSX
FZNOPX	0.94	0.42	0.95	0.95	-0.16		0.9	FZNOPX
RPBAX	0.93	0.58	0.92	0.93	0.0	0.9		RPBAX
	FABWX	OPTCX	FKHEMX	FBANJX	IEMSX	FZNOPX	RPBAX

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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

FKHEMX	+ 1.0	FABWX
FBANJX	+ 0.99	FABWX
FBANJX	+ 0.99	FKHEMX
FZNOPX	+ 0.95	FKHEMX
FZNOPX	+ 0.95	FBANJX
FZNOPX	+ 0.94	FABWX

High negative correlations

FZNOPX	- 0.16	IEMSX
IEMSX	- 0.07	FKHEMX
IEMSX	- 0.03	FBANJX
IEMSX	- 0.02	FABWX
RPBAX	- 0.0	IEMSX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Mutual 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 Mutual'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
FABWX	1.03	0.07	0.04	0.09	1.77	(1.03)	2.27	(2.46)	12.89
OPTCX	0.10	0.01	0.00	0.39	0.00	0.00	0.21	(0.31)	1.44
FKHEMX	1.07	0.06	0.03	0.08	1.64	(1.10)	2.36	(2.00)	12.46
FBANJX	0.80	0.03	0.01	0.06	1.26	(0.83)	1.60	(1.59)	9.15
IEMSX	0.54	0.24	0.40	12.97	0.00	(0.70)	1.39	(0.67)	3.20
FZNOPX	1.00	0.03	0.02	0.06	1.52	(1.04)	1.93	(2.21)	9.10
RPBAX	0.62	0.05	0.02	(0.89)	1.04	(0.58)	1.24	(1.25)	7.10

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