American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds American
FFMMX Fund  USD 59.02  0.14  0.24%   
The current 90-days correlation between American Funds American and Dunham Focused Large is 0.9 (i.e., Almost no 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 American and DJI is 0.98 (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 American 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 American. 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 population.

Moving together with American Mutual Fund

  0.92AMECX Income FundPairCorr
  0.95RNEBX New World FundPairCorr
  0.93AMFCX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.98AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.94CDJAX American Funds CollegePairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.96RNPBX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.96RNPGX New PerspectivePairCorr
  0.96RNPCX New PerspectivePairCorr
  0.96RNPFX New PerspectivePairCorr
  0.96RNPEX New PerspectivePairCorr
  0.93AMRMX American MutualPairCorr
  0.93AMRFX American MutualPairCorr
  0.68TEPCX American Funds TaxPairCorr
  0.95RNWFX New World FundPairCorr
  0.96RNWEX New World FundPairCorr
  0.95RNWHX New World FundPairCorr
  0.96RNWGX New World FundPairCorr
  0.96RNWBX New World FundPairCorr
  0.95RNWCX 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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