American Funds Correlations

Mutual Funds . USA . 
Fund . American Funds Fundamental
AFICX Fund  USD 87.39  0.41  0.47%   
The current 90-days correlation between American Funds Funda and Angel Oak Financial is -0.01 (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 Fundamental and DJI is 0.8 (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 Fundamental 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 Fundamental. 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 main economic indicators.

Moving together with American Mutual Fund

  0.93AMECX Income FundPairCorr
  0.89AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.72RNCCX American Funds IncomePairCorr
  0.93AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.99RNGFX New Economy FundPairCorr
  0.94RNGHX New Economy FundPairCorr
  0.99RNGBX New Economy FundPairCorr
  0.99RNGAX New Economy FundPairCorr
  0.99RNGEX New Economy FundPairCorr
  0.99RNGCX New Economy FundPairCorr
  0.71FPTPX American Funds ConsePairCorr
  0.99RNNEX New Economy FundPairCorr
  0.97CDJAX American Funds CollegePairCorr
  0.99AMPCX Amcap Fund ClassPairCorr
  0.99AMPFX Amcap Fund ClassPairCorr
  0.91RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.92RNPHX New PerspectivePairCorr
  0.92RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.92RNPFX New PerspectivePairCorr
  0.92RNPEX New PerspectivePairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMRFX American MutualPairCorr
  0.61RNRPX American Funds RetirementPairCorr

Moving against American Mutual Fund

  0.47FPPPX American Funds PresePairCorr
  0.32TECCX Tax Exempt FundPairCorr
  0.72AMUSX Us Government SecuritiesPairCorr
  0.7ANBAX American Funds StrategicPairCorr
  0.69ANBEX American Funds StrategicPairCorr
  0.69ANBFX American Funds StrategicPairCorr

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 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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