Investment Correlations

Mutual Funds . USA . 
Fund . Investment Of America
CICEX Fund  USD 63.46  0.05  0.08%   
The current 90-days correlation between Investment Of America and Advent Claymore Convertible is 0.04 (i.e., Significant diversification). The correlation of Investment 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.

Investment Correlation With Market

Almost no diversification

The correlation between Investment Of America and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Of America 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 Investment Of America. 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 income.

Moving together with Investment Mutual Fund

  0.98AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.99AMFCX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.72FPPPX American Funds PresePairCorr
  0.98AMEFX Income FundPairCorr
  0.99RNGGX New Economy FundPairCorr
  1.0RNGFX New Economy FundPairCorr
  0.99RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  0.99RNGAX New Economy FundPairCorr
  1.0RNGEX New Economy FundPairCorr
  0.99RNGCX New Economy FundPairCorr
  0.79AMHIX American High IncomePairCorr
  0.61TEBCX Tax Exempt BondPairCorr
  0.7TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  0.99CDJAX American Funds CollegePairCorr
  1.0AMPCX Amcap Fund ClassPairCorr
  1.0AMPFX Amcap Fund ClassPairCorr
  0.99RNPBX New PerspectivePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99RNPHX New PerspectivePairCorr
  0.99RNPGX New PerspectivePairCorr
  0.99RNPCX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.99RNPEX New PerspectivePairCorr
  0.99AMRMX American MutualPairCorr
  1.0AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.97TEPCX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.99RNWFX New World FundPairCorr
  0.99RNWEX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Investment Mutual Fund performing well and Investment 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 Investment'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.

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