Capital Group Correlations

Mutual Funds . USA . 
Fund . Capital Group Equity
CUSEX Fund  USD 37.56  0.05  0.13%   
The current 90-days correlation between Capital Group Equity and Goldman Sachs Small is 0.63 (i.e., Poor diversification). The correlation of Capital Group 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.

Capital Group Correlation With Market

Almost no diversification

The correlation between Capital Group Equity and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Group Equity 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 Capital Group Equity. 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 Capital Mutual Fund

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  0.98EMRGX Emerging Markets GrowthPairCorr
  0.98REFGX Emerging Markets GrowthPairCorr
  0.96CCCMX Capital Group CaliforniaPairCorr
  0.95CCSTX Capital Group CaliforniaPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.67VTSMX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr
  0.67VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.73GAAKX Gmo Alternative AlloPairCorr
  0.72GAAGX Gmo Alternative AlloPairCorr
  0.65GPBFX Gmo E PlusPairCorr
  0.73PGGIX Putnam Global IncomePairCorr
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  0.98NGDRX Neuberger Berman GuardianPairCorr
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  1.0WFPDX Wells Fargo PremierPairCorr
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  0.96SEFCX Sit International EquityPairCorr
  0.99VSVNX Vanguard Target RetiPairCorr
  0.99PADEX Putnam Dynamic AssetPairCorr
  0.96HRCSX Harbor Vertible SecuPairCorr
  0.97NQCAX Nuveen Nwq LargePairCorr
  0.66FIKAX Fidelity Advisor EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Group 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 Capital Group'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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