American Balanced Correlations

Mutual Funds . USA . 
Fund . American Balanced Fund
RLBGX Fund  USD 36.90  0.03  0.08%   
The current 90-days correlation between American Balanced and Washington Mutual Investors is 0.97 (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

Good diversification

The correlation between American Balanced Fund and DJI is -0.04 (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 price.

Moving together with American Mutual Fund

  0.77AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.76RNCCX American Funds IncomePairCorr
  0.62FPPPX American Funds PresePairCorr
  0.76FPTPX American Funds ConsePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.77TEPFX American Funds TaxPairCorr
  0.99RNWGX New World FundPairCorr
  1.0BALFX American BalancedPairCorr
  1.0BALCX American BalancedPairCorr
  1.0FAETX American Funds 2030PairCorr
  0.73SCWFX Smallcap WorldPairCorr
  1.0FBAFX American Funds AmericanPairCorr
  0.99FSWFX American Funds SmallcapPairCorr
  1.0FBONX American Funds AmericanPairCorr
  0.76RRPPX American Funds RetirementPairCorr
  0.88FCJTX American Funds 2055PairCorr
  0.88RRQPX American Funds RetirementPairCorr
  0.87RROPX American Funds RetirementPairCorr
  0.87FUNFX American Funds FundaPairCorr
  0.88CIMCX Income FundPairCorr
  0.88AAETX American Funds 2030PairCorr
  1.0ABALX American BalancedPairCorr
  0.7RCBEX American Funds PoratePairCorr
  1.0CLBEX American BalancedPairCorr
  1.0CLBAX American BalancedPairCorr
  1.0REJTX American Funds 2015PairCorr
  1.0RWMGX Washington MutualPairCorr
  0.84AHITX American High IncomePairCorr
  0.87IGAIX International Growth AndPairCorr

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