Capital World Correlations

Mutual Funds . USA . 
Fund . Capital World Bond
RCWBX Fund  USD 16.11  0.02  0.12%   
The current 90-days correlation between Capital World Bond and Ab Discovery Value is -0.06 (i.e., Good diversification). The correlation of Capital World 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.

Capital World Correlation With Market

Good diversification

The correlation between Capital World Bond and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital World Bond 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 Capital World Bond. 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 bureau of labor statistics.

Moving together with Capital Mutual Fund

  0.87FPPPX American Funds PresePairCorr
  0.65AMEFX Income FundPairCorr
  0.63RNGGX New Economy FundPairCorr
  0.61RNGHX New Economy FundPairCorr
  0.63RNGAX New Economy FundPairCorr
  0.63RNGCX New Economy FundPairCorr
  0.63CDJAX American Funds CollegePairCorr
  0.63AMRFX American MutualPairCorr
  0.66RNRPX American Funds RetirementPairCorr
  0.85AMUSX Us Government SecuritiesPairCorr
  0.72TEPCX American Funds TaxPairCorr
  0.61TEPFX American Funds TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital World 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 Capital World's 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