American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
RLBBX Fund  USD 35.49  0.07  0.20%   
The current 90-days correlation between American Balanced and Siit High Yield is 0.68 (i.e., Poor diversification). The correlation of American Balanced 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 Balanced Correlation With Market

Almost no diversification

The correlation between American Balanced Fund and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced Fund 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 Balanced Fund. 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

  0.97AMECX Income FundPairCorr
  0.9RNEBX New World FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.99RNGFX New Economy FundPairCorr
  0.93RNGBX New Economy FundPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.97RNPCX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.61TEPFX American Funds TaxPairCorr
  0.95RNWHX New World FundPairCorr
  0.95RNWGX New World FundPairCorr
  0.95RNWCX New World FundPairCorr
  0.84CDWFX American Funds DevelopingPairCorr
  0.92ANCFX American Funds FundaPairCorr
  0.98NPFCX New PerspectivePairCorr
  0.97NPFFX New PerspectivePairCorr
  0.98PGGAX American Funds GlobalPairCorr
  0.92PGGFX American Funds GlobalPairCorr
  0.92ANWPX New PerspectivePairCorr
  1.0BALFX American BalancedPairCorr
  1.0BALCX American BalancedPairCorr
  0.98CWGFX Capital World GrowthPairCorr
  0.9WSHFX Washington MutualPairCorr

Moving against American Mutual Fund

  0.31GVTFX Us Government SecuritiesPairCorr

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 Balanced 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 Balanced'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.

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