American Funds Correlations
| BFIAX Fund | USD 9.54 0.01 0.10% |
The current 90-days correlation between American Funds Inflation and Washington Mutual Investors is 0.06 (i.e., Significant diversification). The correlation of American Funds 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.
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Risk-Adjusted Indicators
There is a big difference between American Mutual Fund performing well and American Funds 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 Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WMFFX | 0.56 | 0.08 | 0.07 | 0.24 | 0.51 | 1.56 | 3.88 | |||
| GMCQX | 0.65 | 0.12 | 0.12 | 0.26 | 0.50 | 1.80 | 4.77 | |||
| FMTIX | 0.36 | 0.07 | 0.01 | 0.29 | 0.11 | 1.23 | 2.41 | |||
| GGRYX | 0.40 | 0.09 | 0.06 | 0.30 | 0.15 | 1.29 | 2.84 | |||
| UPAAX | 1.42 | 0.33 | 0.23 | 0.31 | 1.15 | 4.24 | 10.19 |