American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMFCX Fund  USD 61.64  0.78  1.25%   
The current 90-days correlation between American Mutual and Virtus Convertible is 0.74 (i.e., Poor 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

Average diversification

The correlation between American Mutual Fund and DJI is 0.13 (i.e., Average 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 private.

Moving together with American Mutual Fund

  0.92AMECX Income FundPairCorr
  1.0AMFFX American MutualPairCorr
  0.71CUSEX Capital Group EquityPairCorr
  0.63AMHIX American High IncomePairCorr
  0.64TEBCX Tax Exempt BondPairCorr
  0.63AMPCX Amcap Fund ClassPairCorr
  0.68EMGEX Emerging Markets GrowthPairCorr
  0.88ANCFX American Funds FundaPairCorr
  0.63ANEFX New Economy FundPairCorr
  0.72EMRGX Emerging Markets GrowthPairCorr
  0.81NPFCX New PerspectivePairCorr
  0.82NPFFX New PerspectivePairCorr
  0.72PGGFX American Funds GlobalPairCorr
  0.87ANWPX New PerspectivePairCorr
  0.8BALFX American BalancedPairCorr
  0.89BALCX American BalancedPairCorr
  0.87CWGIX Capital World GrowthPairCorr
  0.82CWGFX Capital World GrowthPairCorr
  0.81CWGCX Capital World GrowthPairCorr
  0.96WSHFX Washington MutualPairCorr
  0.96WSHCX Washington MutualPairCorr
  0.81FAATX American Funds 2010PairCorr
  0.73FAETX American Funds 2030PairCorr
  0.66FAFWX American Funds RetirementPairCorr
  0.83FAITX American Funds 2050PairCorr
  0.9FAJTX American Funds 2055PairCorr
  0.7FAKTX American Funds 2015PairCorr
  0.82FAOTX American Funds 2020PairCorr
  0.92FAQTX American Funds 2035PairCorr
  0.92FAPTX American Funds 2025PairCorr
  0.83FATTX American Funds 2045PairCorr
  0.83FAUTX American Funds 2040PairCorr
  0.87GWPAX American Funds GrowthPairCorr

Related Correlations Analysis


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.

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