American Balanced Correlations

ABALX Fund

USD 37.75 0.26 0.69%

The current 90-days correlation between American Balanced and American Balanced Fund is 0.09 (i.e., Significant 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

Modest diversification

The correlation between American Balanced and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Balanced 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 Balanced. 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 board of governors.

Moving together with American Mutual Fund

0.67	AMECX	Income Fund	Pair Corr
0.7	AMFCX	American Mutual	Pair Corr
0.71	AMFFX	American Mutual	Pair Corr
0.83	AMPCX	Amcap Fund Class	Pair Corr
0.84	AMPFX	Amcap Fund Class	Pair Corr
0.63	TEPFX	American Funds Tax	Pair Corr
0.97	ANCFX	American Funds Funda	Pair Corr
0.75	ANFFX	New Economy Fund	Pair Corr
0.67	NPFFX	New Perspective	Pair Corr
0.74	ANWPX	New Perspective	Pair Corr
0.89	BALFX	American Balanced	Pair Corr
0.71	CWGIX	Capital World Growth	Pair Corr
0.68	CWGFX	Capital World Growth	Pair Corr
0.94	WSHFX	Washington Mutual	Pair Corr
0.81	WSHCX	Washington Mutual	Pair Corr
0.87	FAATX	American Funds 2010	Pair Corr
0.87	FAETX	American Funds 2030	Pair Corr

Related Correlations Analysis

	AMBFX	BALFX	RLBGX	GFACX	RGAAX	RGABX	GFAFX	AGTHX	GFFFX	GAFFX
AMBFX		0.74	0.74	0.56	0.56	0.57	0.59	0.57	0.59	0.57	AMBFX
BALFX	0.74		1.0	0.69	0.7	0.71	0.72	0.71	0.72	0.71	BALFX
RLBGX	0.74	1.0		0.69	0.7	0.71	0.72	0.71	0.72	0.71	RLBGX
GFACX	0.56	0.69	0.69		1.0	0.96	0.96	1.0	0.96	1.0	GFACX
RGAAX	0.56	0.7	0.7	1.0		0.96	0.96	1.0	0.96	1.0	RGAAX
RGABX	0.57	0.71	0.71	0.96	0.96		1.0	0.95	1.0	0.95	RGABX
GFAFX	0.59	0.72	0.72	0.96	0.96	1.0		0.95	1.0	0.95	GFAFX
AGTHX	0.57	0.71	0.71	1.0	1.0	0.95	0.95		0.95	1.0	AGTHX
GFFFX	0.59	0.72	0.72	0.96	0.96	1.0	1.0	0.95		0.95	GFFFX
GAFFX	0.57	0.71	0.71	1.0	1.0	0.95	0.95	1.0	0.95		GAFFX
	AMBFX	BALFX	RLBGX	GFACX	RGAAX	RGABX	GFAFX	AGTHX	GFFFX	GAFFX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMBFX	0.45	0.01	(0.02)	0.09	0.51	(0.47)	0.98	(0.88)	2.73
BALFX	0.43	0.01	(0.02)	0.09	0.50	(0.46)	0.96	(0.88)	2.73
RLBGX	0.43	0.01	(0.02)	0.10	0.50	(0.46)	0.98	(0.91)	2.69
GFACX	0.88	0.22	0.13	1.52	0.82	(0.97)	1.92	(1.97)	13.05
RGAAX	0.87	0.22	0.13	1.49	0.82	(0.96)	1.91	(1.99)	12.64
RGABX	0.87	0.17	0.12	0.29	0.82	(0.97)	1.90	(1.98)	12.36
GFAFX	0.85	0.15	0.11	0.25	0.83	(0.93)	1.90	(1.99)	10.66
AGTHX	0.84	0.19	0.10	1.25	0.86	(0.90)	1.91	(1.98)	10.52
GFFFX	0.84	0.15	0.11	0.25	0.83	(0.93)	1.90	(1.99)	10.58
GAFFX	0.84	0.19	0.11	1.36	0.84	(0.91)	1.91	(1.98)	10.52

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American Balanced Correlations

American Balanced Correlation With Market

Modest diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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