Capital Income Correlations

Mutual Funds . USA . 
Fund . Capital Income Builder
RIRAX Fund  USD 73.00  0.78  1.08%   
The current 90-days correlation between Capital Income Builder and Scout E Bond is 0.12 (i.e., Average diversification). The correlation of Capital Income 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 Income Correlation With Market

Almost no diversification

The correlation between Capital Income Builder and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Income Builder 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 Income Builder. 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 nation.

Moving together with Capital Mutual Fund

  0.98AMECX Income FundPairCorr
  0.93RNEBX New World FundPairCorr
  0.76AMFCX American MutualPairCorr
  0.77AMFFX American MutualPairCorr
  0.93RNCCX American Funds IncomePairCorr
  0.94FPTPX American Funds ConsePairCorr
  0.71CDJAX American Funds CollegePairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.75RNPGX New PerspectivePairCorr
  0.77AMRMX American MutualPairCorr
  0.77AMRFX American MutualPairCorr
  0.93RNWGX New World FundPairCorr
  0.93RNWCX New World FundPairCorr
  0.64ANCFX American Funds FundaPairCorr
  0.75NPFCX New PerspectivePairCorr
  0.75NPFFX New PerspectivePairCorr
  0.71PGGAX American Funds GlobalPairCorr
  0.71PGGFX American Funds GlobalPairCorr
  0.75ANWPX New PerspectivePairCorr
  0.71BALFX American BalancedPairCorr
  0.7BALCX American BalancedPairCorr
  0.81CWGIX Capital World GrowthPairCorr
  0.81CWGFX Capital World GrowthPairCorr
  0.8CWGCX Capital World GrowthPairCorr
  0.93CEUCX Europacific GrowthPairCorr
  0.93CEUAX Europacific GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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