American Funds Correlations

CPGAX Fund  USD 25.38  0.02  0.08%   
The current 90-days correlation between American Funds Global and Aig Government Money is 0.14 (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 Global and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Global 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 Global. 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

  1.0FNFPX American Funds NewPairCorr
  1.0FFPNX American Funds NewPairCorr
  1.0NPFCX New PerspectivePairCorr
  1.0ANWPX New PerspectivePairCorr
  0.66NPFFX New PerspectivePairCorr
  1.0CNPAX New PerspectivePairCorr
  1.0CNPEX New PerspectivePairCorr
  1.0CNPFX New PerspectivePairCorr
  0.67CNPCX New PerspectivePairCorr
  1.0RNPAX New PerspectivePairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.64VSMPX Vanguard Total StockPairCorr
  0.72VITSX Vanguard Total StockPairCorr
  0.64VFFSX Vanguard 500 IndexPairCorr
  0.72VFIAX Vanguard 500 IndexPairCorr
  0.68VTISX Vanguard Total InterPairCorr
  0.68VTSNX Vanguard Total InterPairCorr
  0.74VTPSX Vanguard Total InterPairCorr
  0.72VINIX Vanguard InstitutionalPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.98PHYEX Pgim High YieldPairCorr
  0.95FTAHX American Funds AmericanPairCorr
  0.99LBSCX Columbia Dividend IncomePairCorr
  0.99VDADX Vanguard DividendPairCorr
  0.98FZAMX Fidelity Advisor MidPairCorr
  0.65RFCCX Strategic BondPairCorr
  0.79AVEDX Ave Maria RisingPairCorr
  0.64MITTX Massachusetts InvestorsPairCorr
  0.95AHTCX American High IncomePairCorr
  1.0GAPUX Goldman Sachs EquityPairCorr
  0.99CAIBX Capital Income BuilderPairCorr
  0.71TUIXX Rbc Funds TrustPairCorr
  0.96CBNAX American Funds EmergingPairCorr
  0.62FLRUX Infrastructure FundPairCorr
  0.98MVAAX Mfs Value 529PairCorr
  0.95RYAEX Europe 125x StrategyPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.96APDSX Artisan Small CapPairCorr

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.