Capital Group Correlations

CCCMX Fund

USD 10.20 0.01 0.1%

The current 90-days correlation between Capital Group California and Angel Oak Financial is 0.04 (i.e., Significant 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

Weak diversification

The correlation between Capital Group California and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group California 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 California. 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 population.

Moving together with Capital Mutual Fund

0.77	CUSEX	Capital Group Equity	Pair Corr
0.95	EMGEX	Emerging Markets Growth	Pair Corr
0.72	EMRGX	Emerging Markets Growth	Pair Corr
0.72	REFGX	Emerging Markets Growth	Pair Corr
0.8	CCSTX	Capital Group California	Pair Corr
0.89	VCAIX	Vanguard California	Pair Corr
0.89	VCADX	Vanguard California	Pair Corr
0.86	BCIAX	California Intermediate-ter	Pair Corr
0.89	BCIYX	California Intermediate-ter	Pair Corr
0.87	BCITX	California Intermediate-ter	Pair Corr
0.69	PDI	Pimco Dynamic Income	Pair Corr
0.83	FTCAX	Templeton Strained Bond	Pair Corr
0.7	LVOFX	Lord Abbett Value	Pair Corr
0.97	FAASX	Fidelity Asset Manager	Pair Corr
0.94	QMGAX	Oppenheimer Global	Pair Corr
0.78	PXTNX	Pimco Rae Plus	Pair Corr
0.78	PGSYX	Pioneer Global Equity	Pair Corr
0.92	BTFAX	Bts Tactical Fixed	Pair Corr
0.97	SBACX	Sentinel Balanced	Pair Corr
0.71	JGQIX	Jensen Global Quality	Pair Corr
0.77	GMTZX	Mydestination 2015	Pair Corr
0.94	JEVAX	Emerging Markets	Pair Corr
0.96	FRBLX	Fidelity Advisor Freedom	Pair Corr
0.93	DIEAX	Dreyfus International	Pair Corr
0.91	OCHIX	Oberweis China Oppor Steady Growth	Pair Corr

Moving against Capital Mutual Fund

0.73	USPSX	Profunds Ultrashort	Pair Corr
0.73	USPIX	Profunds Ultrashort	Pair Corr
0.67	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	XFINX	FTIXX	FIDAX	ICFAX	DVFYX	SBFAX	MSVIX
XFINX		-0.19	-0.43	-0.42	-0.48	-0.4	-0.49	XFINX
FTIXX	-0.19		0.75	0.77	0.71	0.64	0.7	FTIXX
FIDAX	-0.43	0.75		0.98	0.98	0.98	0.97	FIDAX
ICFAX	-0.42	0.77	0.98		0.93	0.93	0.94	ICFAX
DVFYX	-0.48	0.71	0.98	0.93		0.98	0.99	DVFYX
SBFAX	-0.4	0.64	0.98	0.93	0.98		0.97	SBFAX
MSVIX	-0.49	0.7	0.97	0.94	0.99	0.97		MSVIX
	XFINX	FTIXX	FIDAX	ICFAX	DVFYX	SBFAX	MSVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSVIX	+ 0.99	DVFYX
ICFAX	+ 0.98	FIDAX
DVFYX	+ 0.98	FIDAX
SBFAX	+ 0.98	FIDAX
SBFAX	+ 0.98	DVFYX
MSVIX	+ 0.97	FIDAX

High negative correlations

MSVIX	- 0.49	XFINX
DVFYX	- 0.48	XFINX
FIDAX	- 0.43	XFINX
ICFAX	- 0.42	XFINX
SBFAX	- 0.4	XFINX
FTIXX	- 0.19	XFINX

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
XFINX	0.41	(0.03)	0.00	2.27	0.00	0.00	0.77	(1.41)	4.64
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
FIDAX	0.72	0.08	0.07	0.22	0.73	(0.78)	1.86	(1.82)	5.18
ICFAX	0.79	0.05	0.04	0.18	0.85	(0.93)	2.16	(1.88)	5.58
DVFYX	0.72	0.15	0.15	0.30	0.57	(0.82)	1.80	(1.32)	5.14
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
MSVIX	0.80	0.09	0.08	0.22	0.77	(0.93)	2.01	(1.73)	5.72

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