Capital Group Correlations

CBCFX Fund

9.71 0.01 0.10%

The current 90-days correlation between Capital Group Core and Virtus Seix Government is 0.38 (i.e., Weak diversification). The correlation of Capital Group 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.

Capital Group Correlation With Market

Average diversification

The correlation between Capital Group Core and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Core 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 Capital Group Core. 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 census.

Moving together with Capital Mutual Fund

0.68	CCCMX	Capital Group California	Pair Corr
0.65	CCSTX	Capital Group California	Pair Corr
0.86	VBTLX	Vanguard Total Bond	Pair Corr
0.95	VBMFX	Vanguard Total Bond	Pair Corr
0.95	VBTIX	Vanguard Total Bond	Pair Corr
0.95	VTBSX	Vanguard Total Bond	Pair Corr
0.95	VTBIX	Vanguard Total Bond	Pair Corr
0.95	VTBNX	Vanguard Total Bond	Pair Corr
0.95	FBOFX	American Funds	Pair Corr
0.95	FFBOX	American Funds	Pair Corr
0.96	BFAFX	Bond Fund	Pair Corr
0.95	ABNDX	Bond Fund	Pair Corr
0.85	IGBIX	Voya Global Bond	Pair Corr
0.92	FITSX	Federated Government	Pair Corr
0.62	XHYIX	Western Asset High	Pair Corr
0.87	WAFAX	Western Asset Inflation	Pair Corr
0.84	MSUMX	Managed Account Series	Pair Corr

Related Correlations Analysis

	SSAGX	IVMXX	UGSDX	SMAAX	SIGVX	FKFSX	FCSCX	DPIGX
SSAGX		0.67	0.85	0.95	0.99	0.69	0.93	0.9	SSAGX
IVMXX	0.67		0.76	0.77	0.66	0.2	0.57	0.42	IVMXX
UGSDX	0.85	0.76		0.92	0.88	0.53	0.88	0.73	UGSDX
SMAAX	0.95	0.77	0.92		0.95	0.66	0.89	0.83	SMAAX
SIGVX	0.99	0.66	0.88	0.95		0.7	0.94	0.91	SIGVX
FKFSX	0.69	0.2	0.53	0.66	0.7		0.79	0.9	FKFSX
FCSCX	0.93	0.57	0.88	0.89	0.94	0.79		0.94	FCSCX
DPIGX	0.9	0.42	0.73	0.83	0.91	0.9	0.94		DPIGX
	SSAGX	IVMXX	UGSDX	SMAAX	SIGVX	FKFSX	FCSCX	DPIGX

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Group 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 Capital Group'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
SSAGX	0.06	0.01	(1.17)	0.49	0.00	(0.18)	0.10	(0.10)	0.61
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
UGSDX	0.03	0.00	0.00	0.90	0.00	0.00	0.00	0.00	0.52
SMAAX	0.11	0.03	(0.55)	1.06	0.00	(0.16)	0.21	(0.10)	0.72
SIGVX	0.06	0.01	(1.10)	(3.48)	0.00	(0.20)	0.10	(0.10)	0.61
FKFSX	0.25	0.00	(0.33)	0.11	0.26	(0.30)	0.60	(0.60)	1.41
FCSCX	0.06	0.00	(0.91)	0.99	0.00	(0.20)	0.13	(0.13)	0.53
DPIGX	0.09	0.00	(0.94)	0.35	0.00	(0.13)	0.11	(0.21)	0.63

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Capital Group Correlations

Capital Group Correlation With Market

Average diversification

Moving together with Capital Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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