American Funds Correlations

Mutual Funds USA . 
Fund . American Funds Emerging
REGEX Fund  USD 8.11  0.02  0.25%   
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.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with AMERICAN Mutual Fund

  0.94FGBMX Fidelity New MarketsPairCorr
  0.94FGZMX Fidelity New MarketsPairCorr
  0.94FGWMX Fidelity New MarketsPairCorr
  0.94FGVMX Fidelity New MarketsPairCorr
  0.94FGYMX Fidelity New MarketsPairCorr
  0.94MEDIX Mfs Emerging MarketsPairCorr
  0.95MEDCX Mfs Emerging MarketsPairCorr
  0.95MEDAX Mfs Emerging MarketsPairCorr
  0.95MEDBX Mfs Emerging MarketsPairCorr
  0.94MEDEX Mfs Emerging MarketsPairCorr
  0.8FTYPX Fidelity Freedom IndexPairCorr
  0.8FFBTX Fidelity Freedom BlendPairCorr
  0.84GQLOX Gmo Quality FundPairCorr
  0.83GHVIX Gmo High YieldPairCorr
  0.77GMCQX Gmo Equity AllocationPairCorr
  0.85FPXIX Fidelity Advisor 529PairCorr
  0.91GPICX Guidepath ConservativePairCorr
  0.64INTC Intel Aggressive PushPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.7AA Alcoa CorpPairCorr
  0.81GE GE AerospacePairCorr
  0.76CAT CaterpillarPairCorr
  0.62JNJ Johnson JohnsonPairCorr
  0.7AXP American ExpressPairCorr
  0.66DD Dupont De NemoursPairCorr
  0.64MMM 3M CompanyPairCorr

Moving against AMERICAN Mutual Fund

  0.74BA BoeingPairCorr
  0.65T ATT IncPairCorr
  0.61DIS Walt DisneyPairCorr
  0.6VZ Verizon CommunicationsPairCorr
  0.6PG Procter GamblePairCorr
  0.57HD Home DepotPairCorr
  0.42MCD McDonaldsPairCorr

Related Correlations Analysis


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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