American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds 2035
AAFTX Fund  USD 19.86  0.06  0.30%   
The current 90-days correlation between American Funds 2035 and Vanguard Target Retirement is -0.1 (i.e., Good diversification). The correlation of American Funds 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 Funds Correlation With Market

Very poor diversification

The correlation between American Funds 2035 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Funds 2035 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Funds 2035. 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 estimate.

Moving together with American Mutual Fund

  0.88AMECX Income FundPairCorr
  0.72RNEBX New World FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  0.96AMEFX Income FundPairCorr
  0.83RNGGX New Economy FundPairCorr
  0.9RNGFX New Economy FundPairCorr
  0.83RNGHX New Economy FundPairCorr
  0.9RNGBX New Economy FundPairCorr
  0.9RNGAX New Economy FundPairCorr
  0.9RNGEX New Economy FundPairCorr
  0.9RNGCX New Economy FundPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.9RNNEX New Economy FundPairCorr
  0.89CDJAX American Funds CollegePairCorr
  0.91AMPCX Amcap Fund ClassPairCorr
  0.91AMPFX Amcap Fund ClassPairCorr
  0.98RNPBX New PerspectivePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.98RNPHX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.88RNPCX New PerspectivePairCorr
  0.98RNPFX New PerspectivePairCorr
  0.88RNPEX New PerspectivePairCorr
  0.94AMRMX American MutualPairCorr
  0.85AMRFX American MutualPairCorr
  0.84RNRPX American Funds RetirementPairCorr
  0.73RNWFX New World FundPairCorr

Moving against American Mutual Fund

  0.33AMUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Funds 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 Funds' 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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