American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
RLBEX Fund  USD 36.83  0.03  0.08%   
The current 90-days correlation between American Balanced and Ambrus Core Bond is 0.14 (i.e., Average 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

Good diversification

The correlation between American Balanced Fund and DJI is -0.09 (i.e., Good 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 income.

Moving together with American Mutual Fund

  0.98AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.99RNCCX American Funds IncomePairCorr
  0.77FPPPX American Funds PresePairCorr
  0.76AMHIX American High IncomePairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.99TEPFX American Funds TaxPairCorr
  0.97RNWGX New World FundPairCorr
  0.99BALFX American BalancedPairCorr
  0.99BALCX American BalancedPairCorr
  0.99FAETX American Funds 2030PairCorr
  0.98SCWFX Smallcap WorldPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.98FSWFX American Funds SmallcapPairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99RRPPX American Funds RetirementPairCorr
  0.98FCJTX American Funds 2055PairCorr
  0.99RRQPX American Funds RetirementPairCorr
  0.98RROPX American Funds RetirementPairCorr
  0.99FUNFX American Funds FundaPairCorr
  0.98CIMCX Income FundPairCorr
  0.99AAETX American Funds 2030PairCorr
  0.63RBOBX Intermediate BondPairCorr
  0.63RBOAX Intermediate BondPairCorr
  0.99ABALX American BalancedPairCorr
  0.79RCBEX American Funds PoratePairCorr
  0.99CLBEX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.66REBBX Intermediate BondPairCorr
  0.99REJTX American Funds 2015PairCorr
  0.99RWMGX Washington MutualPairCorr
  0.96AHITX American High IncomePairCorr
  0.97IGAIX International Growth AndPairCorr

Related Correlations Analysis

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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.

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