American Funds Correlations
| BFIFX Fund | USD 9.55 0.02 0.21% |
The current 90-days correlation between American Funds Inflation and American Funds Strategic is 0.15 (i.e., Average 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.
American |
Moving together with American Mutual Fund
| 0.66 | FPPPX | American Funds Prese | PairCorr |
| 0.61 | TEAFX | Tax Exempt Bond | PairCorr |
| 0.91 | AMUSX | Us Government Securities | PairCorr |
Related Correlations Analysis
| 0.85 | 0.94 | 0.95 | 0.55 | ANBEX | ||
| 0.85 | 0.74 | 0.94 | 0.84 | BFCFX | ||
| 0.94 | 0.74 | 0.92 | 0.33 | UGSFX | ||
| 0.95 | 0.94 | 0.92 | 0.64 | BFAFX | ||
| 0.55 | 0.84 | 0.33 | 0.64 | BUBSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANBEX | 0.26 | 0.01 | (0.53) | 0.13 | 0.37 | 0.44 | 1.43 | |||
| BFCFX | 0.30 | (0.02) | (0.49) | 0.00 | 0.39 | 0.54 | 1.52 | |||
| UGSFX | 0.30 | (0.02) | 0.00 | 1.38 | 0.00 | 0.59 | 1.61 | |||
| BFAFX | 0.29 | (0.02) | 0.00 | (1.13) | 0.00 | 0.45 | 1.35 | |||
| BUBSX | 0.03 | 0.01 | 0.00 | (0.81) | 0.00 | 0.10 | 0.20 |