American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2035
RBFTX Fund  USD 20.15  0.03  0.15%   
The current 90-days correlation between American Funds 2035 and Income Fund Of is 0.87 (i.e., Very 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

Good diversification

The correlation between American Funds 2035 and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2035 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 2035. 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

  0.99AMECX Income FundPairCorr
  0.69RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.74FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  0.67RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  0.67RNGEX New Economy FundPairCorr
  0.78AMHIX American High IncomePairCorr
  1.0FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  0.65AMPCX Amcap Fund ClassPairCorr
  0.99AMPFX Amcap Fund ClassPairCorr
  0.67RNPBX New PerspectivePairCorr
  0.67RNPAX New PerspectivePairCorr
  0.67RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.67RNPFX New PerspectivePairCorr
  1.0AMRMX American MutualPairCorr
  0.75AMRFX American MutualPairCorr
  1.0RNRPX American Funds RetirementPairCorr
  0.98TEPAX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.68RNWFX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.32  0.13 (0.03)(1.75) 0.10 
(0.35)
 0.91 
(0.56)
 2.22 
RNEBX  0.43  0.18  0.18  0.56  0.00 
(0.51)
 1.39 
(0.62)
 3.41 
AMFCX  0.51  0.16  0.03 (2.50) 0.47 
(0.60)
 1.52 
(0.83)
 3.61 
AMFFX  0.51  0.17  0.03 (2.59) 0.46 
(0.61)
 1.52 
(0.84)
 3.62 
RNCCX  0.27  0.06 (0.06) 0.31  0.00 
(0.33)
 0.85 
(0.50)
 1.83 
FPPPX  0.13  0.01 (0.60)(0.41) 0.07 
(0.14)
 0.21 
(0.32)
 0.64 
AMEFX  0.32  0.14 (0.01)(1.86) 0.00 
(0.37)
 0.88 
(0.53)
 2.24 
RNGGX  0.59  0.25  0.26  0.54  0.00 
(0.73)
 2.05 
(0.98)
 5.17 
RNGFX  0.59  0.32  0.26  37.46  0.00 
(0.71)
 2.04 
(0.97)
 5.16 
RNGHX  0.68  0.31  0.17 (3.87) 0.47 
(0.77)
 2.25 
(1.35)
 5.17 

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