American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds College
CDJAX Fund  USD 12.11  0.03  0.25%   
The current 90-days correlation between American Funds College and Calvert Global Energy is 0.1 (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 Funds Correlation With Market

Good diversification

The correlation between American Funds College and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds College 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 College. 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

  0.98AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.97AMFCX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.96RNCCX American Funds IncomePairCorr
  1.0RNGGX New Economy FundPairCorr
  0.95RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  0.95RNGEX New Economy FundPairCorr
  0.98FPTPX American Funds ConsePairCorr
  0.87AMPCX Amcap Fund ClassPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.96RNPGX New PerspectivePairCorr
  0.96RNPEX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.97AMRFX American MutualPairCorr
  0.72TEPAX American Funds TaxPairCorr
  0.83TEPFX American Funds TaxPairCorr
  0.96RNWHX New World FundPairCorr
  0.96RNWGX New World FundPairCorr
  0.96RNWBX New World FundPairCorr
  0.96CDWFX American Funds DevelopingPairCorr
  1.0ANEFX New Economy FundPairCorr
  0.95ANFFX New Economy FundPairCorr
  0.96NPFFX New PerspectivePairCorr
  1.0PGGFX American Funds GlobalPairCorr
  0.95BALFX American BalancedPairCorr
  0.99BALCX American BalancedPairCorr
  1.0CWGIX Capital World GrowthPairCorr
  0.96CWGFX Capital World GrowthPairCorr
  1.0CWGCX Capital World GrowthPairCorr
  0.96CEUCX Europacific GrowthPairCorr

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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