American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds The
FFAFX Fund  USD 77.99  0.28  0.36%   
The current 90-days correlation between American Funds and Commonwealth Real Estate is 0.86 (i.e., Very poor 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

Almost no diversification

The correlation between American Funds The and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds The and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Funds The. 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 census.

Moving together with American Mutual Fund

  0.96AMECX Income FundPairCorr
  0.98RNEBX New World FundPairCorr
  0.95AMFCX American MutualPairCorr
  0.96AMFFX American MutualPairCorr
  0.97RNCCX American Funds IncomePairCorr
  0.96AMEFX Income FundPairCorr
  1.0RNGGX New Economy FundPairCorr
  1.0RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  1.0RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.97FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  0.95CDJAX American Funds CollegePairCorr
  0.94AMPCX Amcap Fund ClassPairCorr
  1.0AMPFX Amcap Fund ClassPairCorr
  0.99RNPBX New Perspective Potential GrowthPairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99RNPHX New PerspectivePairCorr
  0.99RNPGX New PerspectivePairCorr
  0.99RNPCX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.99RNPEX New PerspectivePairCorr
  0.96AMRMX American MutualPairCorr
  0.96AMRFX American MutualPairCorr
  0.97RNRPX American Funds RetirementPairCorr
  0.64TEPCX American Funds TaxPairCorr
  0.64TEPAX American Funds TaxPairCorr
  0.69TEPFX American Funds TaxPairCorr
  0.98RNWFX 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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