American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Income
INPEX Fund  USD 14.01  0.01  0.07%   
The current 90-days correlation between American Funds Income and Ivy Large Cap is 0.79 (i.e., 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

Very poor diversification

The correlation between American Funds Income and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in American Funds Income. 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 income.

Moving together with American Mutual Fund

  0.98ILGRX Ivy Large CapPairCorr
  0.95WRGCX Ivy Small CapPairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.64IMACX Ivy Apollo MultiPairCorr
  0.64IMAIX Ivy Apollo MultiPairCorr
  0.64IMAYX Ivy Apollo MultiPairCorr
  0.95WSCYX Ivy Small CapPairCorr
  0.97IMEGX Ivy Emerging MarketsPairCorr
  0.96WSGRX Ivy Small CapPairCorr
  0.99WASCX Ivy Asset StrategyPairCorr
  0.99WASYX Ivy Asset StrategyPairCorr
  0.62IMURX Ivy Apollo MultiPairCorr
  0.99WSTRX Ivy Science AndPairCorr
  0.98WSTYX Ivy Science AndPairCorr
  0.98WSTCX Ivy Science AndPairCorr
  0.96INRSX Ivy Natural ResourcesPairCorr
  0.97WTRCX Ivy E EquityPairCorr
  0.99WCEYX Ivy E EquityPairCorr
  0.97IPOYX Ivy Emerging MarketsPairCorr
  0.97IPOCX Ivy Emerging MarketsPairCorr
  0.97IPOIX Ivy Emerging MarketsPairCorr
  0.78IREIX Ivy Advantus RealPairCorr
  0.96IRGFX Ivy Small CapPairCorr
  0.77IRSRX Ivy Advantus RealPairCorr
  0.78IRSYX Ivy Advantus RealPairCorr
  0.77IRSCX Ivy Advantus RealPairCorr
  0.79IRSEX Ivy Advantus RealPairCorr
  0.99IASTX Ivy Asset StrategyPairCorr
  0.99IASRX Ivy Asset StrategyPairCorr
  0.97ISPVX Ivy Small CapPairCorr
  0.98IBARX Ivy BalancedPairCorr
  0.99ISTIX Ivy Science AndPairCorr
  0.99ISTNX Ivy Science AndPairCorr
  0.96WHIYX Ivy High IncomePairCorr
  0.99IBNYX Ivy BalancedPairCorr
  0.99IBNCX Ivy BalancedPairCorr
  0.97ITGRX Ivy Global GrowthPairCorr
  0.95ICEIX Ivy InternationalPairCorr
  0.99ICEQX Ivy E EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ILGRX  0.70  0.08  0.08  0.21  0.68 
(0.80)
 1.92 
(1.55)
 4.54 
WRGCX  0.89  0.28  0.10 (1.75) 0.83 
(1.00)
 2.32 
(1.54)
 4.93 
WRHIX  0.21  0.06 (0.21) 0.54  0.00 
(0.33)
 0.68 
(0.18)
 1.19 
IMACX  0.05  0.01  0.00 (0.96) 0.00 
 0.00 
 0.22 
 0.00 
 1.12 
IMAIX  0.06  0.02  0.00 (0.73) 0.00 
 0.00 
 0.33 
 0.00 
 1.35 
IMAYX  0.06  0.02  0.00 (0.72) 0.00 
 0.00 
 0.22 
 0.00 
 1.35 
WSCYX  0.89  0.28  0.11 (1.95) 0.82 
(0.93)
 2.32 
(1.49)
 4.86 
IMEGX  0.60  0.19  0.14  0.66  0.29 
(0.70)
 1.78 
(0.97)
 4.08 
WSGRX  0.88  0.10  0.08  0.23  0.84 
(0.96)
 2.25 
(1.44)
 4.93 
WASCX  0.35  0.10  0.05  0.35  0.00 
(0.40)
 1.20 
(0.80)
 2.44 

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