American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Fundamental
FUNFX Fund  USD 89.07  0.20  0.22%   
The current 90-days correlation between American Funds Funda and Gmo Quality Fund is 0.01 (i.e., Significant 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

Good diversification

The correlation between American Funds Fundamental and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Fundamental 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 Fundamental. 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

  0.71AMECX Income FundPairCorr
  0.76RNEBX New World FundPairCorr
  0.78AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.75RNCCX American Funds IncomePairCorr
  0.72AMEFX Income FundPairCorr
  0.87RNGGX New Economy FundPairCorr
  1.0RNGFX New Economy FundPairCorr
  0.75RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  0.87RNGAX New Economy FundPairCorr
  1.0RNGEX New Economy FundPairCorr
  0.87RNGCX New Economy FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.74FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  0.88CDJAX American Funds CollegePairCorr
  1.0AMPCX Amcap Fund ClassPairCorr
  0.86AMPFX Amcap Fund ClassPairCorr
  0.99RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.71RNPGX New PerspectivePairCorr
  0.86RNPCX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.99RNPEX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.86AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.85TEPCX American Funds TaxPairCorr
  0.76TEPFX American Funds TaxPairCorr
  0.99RNWFX New World FundPairCorr
  0.99RNWEX 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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