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.
American |
Moving together with American Mutual Fund
1.0 | FNFPX | American Funds New | PairCorr |
1.0 | FFPNX | American Funds New | PairCorr |
1.0 | NPFCX | New Perspective | PairCorr |
1.0 | ANWPX | New Perspective | PairCorr |
0.66 | NPFFX | New Perspective | PairCorr |
1.0 | CNPAX | New Perspective | PairCorr |
1.0 | CNPEX | New Perspective | PairCorr |
1.0 | CNPFX | New Perspective | PairCorr |
0.67 | CNPCX | New Perspective | PairCorr |
1.0 | RNPAX | New Perspective | PairCorr |
0.64 | VSTSX | Vanguard Total Stock | PairCorr |
0.64 | VSMPX | Vanguard Total Stock | PairCorr |
0.72 | VITSX | Vanguard Total Stock | PairCorr |
0.64 | VFFSX | Vanguard 500 Index | PairCorr |
0.72 | VFIAX | Vanguard 500 Index | PairCorr |
0.68 | VTISX | Vanguard Total Inter | PairCorr |
0.68 | VTSNX | Vanguard Total Inter | PairCorr |
0.74 | VTPSX | Vanguard Total Inter | PairCorr |
0.72 | VINIX | Vanguard Institutional | PairCorr |
1.0 | VTSAX | Vanguard Total Stock | PairCorr |
0.98 | PHYEX | Pgim High Yield | PairCorr |
0.95 | FTAHX | American Funds American | PairCorr |
0.99 | LBSCX | Columbia Dividend Income | PairCorr |
0.99 | VDADX | Vanguard Dividend | PairCorr |
0.98 | FZAMX | Fidelity Advisor Mid | PairCorr |
0.65 | RFCCX | Strategic Bond | PairCorr |
0.79 | AVEDX | Ave Maria Rising | PairCorr |
0.64 | MITTX | Massachusetts Investors | PairCorr |
0.95 | AHTCX | American High Income | PairCorr |
1.0 | GAPUX | Goldman Sachs Equity | PairCorr |
0.99 | CAIBX | Capital Income Builder | PairCorr |
0.71 | TUIXX | Rbc Funds Trust | PairCorr |
0.96 | CBNAX | American Funds Emerging | PairCorr |
0.62 | FLRUX | Infrastructure Fund | PairCorr |
0.98 | MVAAX | Mfs Value 529 | PairCorr |
0.95 | RYAEX | Europe 125x Strategy | PairCorr |
0.98 | VWEHX | Vanguard High Yield | PairCorr |
0.96 | APDSX | Artisan Small Cap | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SMAAX | 0.11 | 0.03 | (0.58) | (6.24) | 0.00 | 0.21 | 0.72 | |||
GMBXX | 0.03 | 0.01 | 0.00 | (1.29) | 0.00 | 0.00 | 1.01 | |||
ELMXX | 0.03 | 0.00 | 0.00 | 2.12 | 0.00 | 0.00 | 1.01 | |||
FMVUX | 0.72 | 0.12 | 0.10 | 0.28 | 0.57 | 1.86 | 5.60 | |||
PMTXX | 0.03 | 0.01 | 0.00 | (1.29) | 0.00 | 0.00 | 1.01 | |||
FMFXX | 0.03 | 0.01 | 0.00 | 4.82 | 0.00 | 0.00 | 1.01 | |||
VMRXX | 0.03 | 0.02 | 0.00 | (0.06) | 0.00 | 0.00 | 1.01 | |||
PFCXX | 0.03 | 0.02 | 0.00 | (0.06) | 0.00 | 0.00 | 1.01 |