American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Fundamental
RFEBX Fund  USD 88.40  0.20  0.23%   
The current 90-days correlation between American Funds Funda and Dunham Real Estate is 0.03 (i.e., Significant 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

Average diversification

The correlation between American Funds Fundamental and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds Fundamental 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 Fundamental. 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 American Mutual Fund

  0.62AMECX Income FundPairCorr
  0.62RNEBX New World FundPairCorr
  0.69AMFCX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.67RNCCX American Funds IncomePairCorr
  0.65AMEFX Income FundPairCorr
  0.68RNGGX New Economy FundPairCorr
  0.68RNGFX New Economy FundPairCorr
  0.68RNGHX New Economy FundPairCorr
  0.68RNGBX New Economy FundPairCorr
  0.68RNGAX New Economy FundPairCorr
  0.68RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.67FPTPX American Funds ConsePairCorr
  1.0RNNEX New Economy FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.67AMPCX Amcap Fund ClassPairCorr
  0.67AMPFX Amcap Fund ClassPairCorr
  0.61RNPBX New PerspectivePairCorr
  0.61RNPAX New PerspectivePairCorr
  0.61RNPHX New PerspectivePairCorr
  0.61RNPGX New PerspectivePairCorr
  0.61RNPCX New PerspectivePairCorr
  0.61RNPFX New PerspectivePairCorr
  0.61RNPEX New PerspectivePairCorr
  0.68AMRMX American MutualPairCorr
  0.69AMRFX American MutualPairCorr
  0.99RNRPX American Funds RetirementPairCorr
  0.68TEPCX American Funds TaxPairCorr
  0.7TEPFX American Funds TaxPairCorr
  0.99RNWFX New World FundPairCorr
  0.99RNWEX 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