American Funds Correlations
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.
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IGIFX | 0.42 | 0.13 | (0.02) | 0.60 | 0.00 | 1.06 | 2.87 | |||
| SCWFX | 0.59 | 0.10 | 0.09 | 0.33 | 0.36 | 1.81 | 4.29 | |||
| ANFFX | 0.67 | 0.15 | 0.16 | 0.37 | 0.22 | 2.23 | 5.16 | |||
| NWFFX | 0.46 | 0.15 | 0.10 | 0.46 | 0.00 | 1.88 | 3.42 | |||
| AMPFX | 0.68 | 0.12 | 0.12 | 0.33 | 0.31 | 2.11 | 5.52 |