American Mutual Correlations

Mutual Funds . USA . 
Fund . American Mutual Fund
AMRFX Fund  USD 62.55  0.16  0.26%   
The current 90-days correlation between American Mutual and Vanguard Target Retirement is 0.86 (i.e., Very 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

Very poor diversification

The correlation between American Mutual Fund and DJI is 0.8 (i.e., Very poor 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 price.

Moving together with American Mutual Fund

  0.83AMECX Income FundPairCorr
  0.9RNEBX New World FundPairCorr
  0.84AMFCX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.96RNCCX American Funds IncomePairCorr
  0.71FPPPX American Funds PresePairCorr
  0.84RNGGX New Economy FundPairCorr
  0.96RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.89RNGBX New Economy FundPairCorr
  0.96RNGAX New Economy FundPairCorr
  0.96RNGEX New Economy FundPairCorr
  0.79AMHIX American High IncomePairCorr
  0.89TECCX Tax Exempt FundPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.95AMPCX Amcap Fund ClassPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.97RNPGX New PerspectivePairCorr
  0.97RNPCX New PerspectivePairCorr
  0.96RNRPX American Funds RetirementPairCorr
  0.78AMUSX Us Government SecuritiesPairCorr
  0.69TEPFX American Funds TaxPairCorr
  0.97RNWGX New World FundPairCorr
  0.8ANBEX American Funds StrategicPairCorr
  0.9ANCFX American Funds FundaPairCorr
  0.96ANEFX New Economy FundPairCorr
  0.97NPFFX New PerspectivePairCorr
  0.97ANWPX New PerspectivePairCorr
  0.97BALFX American BalancedPairCorr
  0.91CWGIX Capital World GrowthPairCorr
  0.91CWIAX Capital World GrowthPairCorr
  0.68GVTFX Us Government SecuritiesPairCorr
  0.96FAETX American Funds 2030PairCorr
  0.94FAFWX American Funds RetirementPairCorr
  0.95FAIFX American FundsPairCorr
  0.98FAJTX American Funds 2055PairCorr
  0.95FAKTX American Funds 2015PairCorr
  0.97CFNAX American Funds FundaPairCorr
  0.97FAQTX American Funds 2035PairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTTVX  0.26  0.03 (0.01) 0.14  0.14 
(0.29)
 0.57 
(0.38)
 2.17 
VPMCX  0.61  0.07  0.09  0.14  0.69 
(0.72)
 1.76 
(1.14)
 5.19 
VBINX  0.32  0.03  0.02  0.12  0.23 
(0.38)
 0.76 
(0.43)
 2.72 
VFIFX  0.44  0.03  0.02  0.10  0.50 
(0.47)
 1.07 
(0.61)
 3.85 
RFETX  0.28  0.02 (0.04) 0.11  0.19 
(0.33)
 0.69 
(0.42)
 2.27 
VWNFX  0.46  0.02  0.02  0.08  0.58 
(0.51)
 1.15 
(0.72)
 4.36 
AAFTX  0.32  0.02 (0.02) 0.10  0.29 
(0.37)
 0.86 
(0.52)
 2.71 
VFFVX  0.45  0.03  0.02  0.10  0.48 
(0.48)
 1.07 
(0.61)
 3.86 
DODGX  0.48 (0.02)(0.05) 0.03  0.61 
(0.51)
 1.02 
(0.83)
 3.65 
AMPFX  0.56 (0.01)(0.02) 0.05  0.80 
(0.53)
 1.40 
(0.84)
 4.79 

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