American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds The
FFBOX Fund  USD 11.23  0.02  0.18%   
The current 90-days correlation between American Funds and Fidelity Advisor Energy is -0.02 (i.e., Good 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

Average diversification

The correlation between American Funds The and DJI is 0.19 (i.e., Average 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 persons.

Moving together with American Mutual Fund

  0.65AMECX Income FundPairCorr
  0.66AMFCX American MutualPairCorr
  0.66AMFFX American MutualPairCorr
  0.73RNCCX American Funds IncomePairCorr
  0.94FPPPX American Funds PresePairCorr
  0.68AMEFX Income FundPairCorr
  0.67RNGHX New Economy FundPairCorr
  0.63AMHIX American High IncomePairCorr
  0.72TEBCX Tax Exempt BondPairCorr
  0.76TEAFX Tax Exempt BondPairCorr
  0.71FPTPX American Funds ConsePairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  0.65AMPCX Amcap Fund ClassPairCorr
  0.65AMPFX Amcap Fund ClassPairCorr
  0.63RNPBX New PerspectivePairCorr
  0.63RNPAX New PerspectivePairCorr
  0.63RNPHX New PerspectivePairCorr
  0.63RNPGX New PerspectivePairCorr
  0.63RNPFX New PerspectivePairCorr
  0.63RNPEX New PerspectivePairCorr
  0.64AMRMX American MutualPairCorr
  0.68AMRFX American MutualPairCorr
  0.84AMUSX Us Government SecuritiesPairCorr
  0.73TEPCX American Funds TaxPairCorr
  0.76TEPFX American Funds TaxPairCorr
  0.65RNWGX New World FundPairCorr
  0.68CDWEX American Funds DevelopingPairCorr
  0.67CDWCX American Funds DevelopingPairCorr
  0.66CDWAX American Funds DevelopingPairCorr
  0.89ANBEX American Funds StrategicPairCorr
  0.88ANBGX American Funds StrategicPairCorr
  0.94ANBFX American Funds StrategicPairCorr
  0.68ANEFX New Economy FundPairCorr
  0.68ANFFX New Economy FundPairCorr
  0.63NPFCX New PerspectivePairCorr
  0.63NPFFX New PerspectivePairCorr
  0.76TFEBX Tax Exempt BondPairCorr

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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