American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2035
RDFTX Fund  USD 20.72  0.06  0.29%   
The current 90-days correlation between American Funds 2035 and Fa 529 Aggressive is -0.03 (i.e., Good 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 -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 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

  0.63AMECX Income FundPairCorr
  0.62RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.74FPPPX American Funds PresePairCorr
  0.63AMEFX Income FundPairCorr
  0.68RNGGX New Economy FundPairCorr
  0.76RNGFX New Economy FundPairCorr
  0.76RNGBX New Economy FundPairCorr
  0.68RNGAX New Economy FundPairCorr
  0.76RNGEX New Economy FundPairCorr
  0.69RNGCX New Economy FundPairCorr
  0.82AMHIX American High IncomePairCorr
  0.64TEBCX Tax Exempt BondPairCorr
  0.69TEAFX Tax Exempt BondPairCorr
  1.0FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.75AMPCX Amcap Fund ClassPairCorr
  0.68AMPFX Amcap Fund ClassPairCorr
  0.77RNPBX New PerspectivePairCorr
  0.7RNPAX New PerspectivePairCorr
  0.7RNPHX New PerspectivePairCorr
  0.69RNPGX New PerspectivePairCorr
  0.7RNPCX New PerspectivePairCorr
  0.77RNPFX New PerspectivePairCorr
  0.77RNPEX New PerspectivePairCorr
  0.61AMRMX American MutualPairCorr
  0.68AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.67TEPCX American Funds TaxPairCorr
  0.98TEPAX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.78RNWFX 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