American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2015
RAJTX Fund  USD 12.97  0.04  0.31%   
The current 90-days correlation between American Funds 2015 and Aqr Small Cap is 0.76 (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 2015 and DJI is 0.82 (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 2015 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in American Funds 2015. 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 estimate.

Moving together with American Mutual Fund

  0.97AMECX Income FundPairCorr
  0.97RNEBX New World FundPairCorr
  0.97AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.81FPPPX American Funds PresePairCorr
  0.98AMEFX Income FundPairCorr
  0.98RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  0.98RNGHX New Economy FundPairCorr
  0.98RNGBX New Economy FundPairCorr
  0.99RNGAX New Economy FundPairCorr
  0.98RNGEX New Economy FundPairCorr
  0.98RNGCX New Economy FundPairCorr
  0.68AMHIX American High IncomePairCorr
  0.62TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.98RNPBX New PerspectivePairCorr
  0.96RNPAX New PerspectivePairCorr
  0.96RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.99AMRFX American MutualPairCorr
  0.99TEPFX American Funds TaxPairCorr
  0.98RNWFX New World FundPairCorr
  0.98RNWEX New World FundPairCorr
  0.98RNWHX New World FundPairCorr
  0.98RNWGX New World FundPairCorr
  0.98RNWBX New World FundPairCorr
  0.98RNWAX New World FundPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY