American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
RLBFX Fund  USD 36.93  0.03  0.08%   
The current 90-days correlation between American Balanced and Deutsche Multi Asset Moderate is 0.96 (i.e., Almost no 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 0.92 (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 census.

Moving together with American Mutual Fund

  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  1.0RNCCX American Funds IncomePairCorr
  0.77FPPPX American Funds PresePairCorr
  0.76AMHIX American High IncomePairCorr
  1.0FPTPX American Funds ConsePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.99TEPFX American Funds TaxPairCorr
  0.99RNWGX New World FundPairCorr
  1.0BALFX American BalancedPairCorr
  1.0BALCX American BalancedPairCorr
  1.0FAETX American Funds 2030PairCorr
  0.99SCWFX Smallcap WorldPairCorr
  1.0FBAFX American Funds AmericanPairCorr
  0.99FSWFX American Funds SmallcapPairCorr
  1.0FBONX American Funds AmericanPairCorr
  1.0RRPPX American Funds RetirementPairCorr
  0.99FCJTX American Funds 2055PairCorr
  1.0RRQPX American Funds RetirementPairCorr
  0.99RROPX American Funds RetirementPairCorr
  1.0FUNFX American Funds FundaPairCorr
  0.99CIMCX Income FundPairCorr
  1.0AAETX American Funds 2030PairCorr
  0.65RBOBX Intermediate BondPairCorr
  0.64RBOAX Intermediate BondPairCorr
  1.0ABALX American BalancedPairCorr
  0.81RCBEX American Funds PoratePairCorr
  1.0CLBEX American BalancedPairCorr
  1.0CLBAX American BalancedPairCorr
  0.67REBBX Intermediate BondPairCorr
  1.0REJTX American Funds 2015PairCorr
  1.0RWMGX Washington MutualPairCorr
  0.97AHITX American High IncomePairCorr
  0.98IGAIX 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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