American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Servative
CIPGX Fund  USD 13.99  0.01  0.07%   
The current 90-days correlation between American Funds Servative and Ab Bond Inflation is 0.08 (i.e., Significant 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 Servative 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 Servative 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 Servative. 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 price.

Moving together with American Mutual Fund

  0.98AMECX Income FundPairCorr
  0.98RNEBX New World FundPairCorr
  0.98AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.75FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  0.98RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.98RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.98RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.98RNGCX New Economy FundPairCorr
  0.83AMHIX American High IncomePairCorr
  0.62TEBCX Tax Exempt BondPairCorr
  0.72TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.62TECFX Tax Exempt FundPairCorr
  0.97RNNEX New Economy FundPairCorr
  0.99CDJAX American Funds CollegePairCorr
  0.97AMPCX Amcap Fund ClassPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.97RNPBX New PerspectivePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.97RNPHX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.97RNPCX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.97RNPEX New PerspectivePairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.99TEPCX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.97RNWFX New World FundPairCorr
  0.97RNWEX 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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