American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Emerging
CBNAX Fund  USD 7.94  0.02  0.25%   
The current 90-days correlation between American Funds Emerging and American Funds Inflation is 0.36 (i.e., Weak 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 Funds Correlation With Market

Significant diversification

The correlation between American Funds Emerging and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Emerging 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 Funds Emerging. 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 nation.

Moving together with American Mutual Fund

  0.97AMECX Income FundPairCorr
  0.96RNEBX New World FundPairCorr
  0.96AMFCX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.81FPPPX American Funds PresePairCorr
  0.98AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.96RNGBX New Economy FundPairCorr
  0.96RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.96RNGCX New Economy FundPairCorr
  0.78AMHIX American High IncomePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.7TEAFX Tax Exempt BondPairCorr
  0.98FPTPX American Funds ConsePairCorr
  0.96RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.95AMPCX Amcap Fund ClassPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.95RNPBX New PerspectivePairCorr
  0.95RNPAX New PerspectivePairCorr
  0.95RNPHX New PerspectivePairCorr
  0.95RNPGX New PerspectivePairCorr
  0.95RNPCX New PerspectivePairCorr
  0.95RNPFX New PerspectivePairCorr
  0.95RNPEX New PerspectivePairCorr
  0.96AMRMX American MutualPairCorr
  0.97AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.98TEPCX American Funds TaxPairCorr
  0.98TEPAX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.96RNWFX New World FundPairCorr

Related Correlations Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY