Capital World Correlations

Mutual Funds . USA . 
Fund . Capital World Bond
RCWEX Fund  USD 16.32  0.02  0.12%   
The current 90-days correlation between Capital World Bond and Ab Bond Inflation is -0.1 (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 -0.11 (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 income.

Moving together with Capital Mutual Fund

  0.69AMECX Income FundPairCorr
  0.67RNEBX New World FundPairCorr
  0.67AMFCX American MutualPairCorr
  0.68AMFFX American MutualPairCorr
  0.75RNCCX American Funds IncomePairCorr
  0.95FPPPX American Funds PresePairCorr
  0.72AMEFX Income FundPairCorr
  0.69RNGGX New Economy FundPairCorr
  0.69RNGFX New Economy FundPairCorr
  0.69RNGHX New Economy FundPairCorr
  0.69RNGBX New Economy FundPairCorr
  0.69RNGAX New Economy FundPairCorr
  0.69RNGEX New Economy FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.73FPTPX American Funds ConsePairCorr
  0.65AMPCX Amcap Fund ClassPairCorr
  0.65AMPFX Amcap Fund ClassPairCorr
  0.64RNPBX New PerspectivePairCorr
  0.64RNPAX New PerspectivePairCorr
  0.65RNPHX New PerspectivePairCorr
  0.65RNPGX New PerspectivePairCorr
  0.64RNPCX New PerspectivePairCorr
  0.65RNPFX New PerspectivePairCorr
  0.65RNPEX New PerspectivePairCorr
  0.66AMRMX American MutualPairCorr
  0.69AMRFX American MutualPairCorr
  0.76AMUSX Us Government SecuritiesPairCorr
  0.74TEPCX American Funds TaxPairCorr
  0.75TEPAX American Funds TaxPairCorr
  0.77TEPFX American Funds TaxPairCorr

Related Correlations Analysis

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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.

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