American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2050
CCITX Fund  USD 22.35  0.04  0.18%   
The current 90-days correlation between American Funds 2050 and Ab Impact Municipal is -0.48 (i.e., Very good 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

Very good diversification

The correlation between American Funds 2050 and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2050 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 2050. 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 estimate.

Moving together with American Mutual Fund

  0.99AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.75FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  1.0RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.83AMHIX American High IncomePairCorr
  0.77TEBCX Tax Exempt BondPairCorr
  0.65TECCX Tax Exempt FundPairCorr
  0.82TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.71TECFX Tax Exempt FundPairCorr
  0.73TEFEX Tax Exempt FundPairCorr
  0.97RNNEX New Economy FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.97AMPCX Amcap Fund ClassPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  1.0RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  1.0RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  1.0AMRMX American MutualPairCorr
  0.97AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.93TEPCX American Funds TaxPairCorr
  0.96TEPAX American Funds TaxPairCorr
  0.96TEPFX American Funds TaxPairCorr
  0.98RNWFX New World FundPairCorr

Related Correlations Analysis

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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.

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