American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2045
RBHTX Fund  USD 22.61  0.01  0.04%   
The current 90-days correlation between American Funds 2045 and American Funds 2035 is 0.99 (i.e., No risk reduction). 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 2045 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2045 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 2045. 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
  1.0RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.72FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  1.0RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  0.99RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  0.99RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.82AMHIX American High IncomePairCorr
  0.62TEBCX Tax Exempt BondPairCorr
  0.71TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.99RNNEX New Economy FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.99AMPCX Amcap Fund ClassPairCorr
  0.99AMPFX Amcap Fund ClassPairCorr
  0.98RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.98RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.98RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.98RNPEX New PerspectivePairCorr
  1.0AMRMX American MutualPairCorr
  0.99AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.97TEPCX American Funds TaxPairCorr
  0.98TEPAX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.99RNWFX 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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