American High Correlations

Mutual Funds . USA . 
Fund . American High Income
AHTCX Fund  USD 9.97  0.01  0.10%   
The current 90-days correlation between American High Income and Dimensional Retirement Income is 0.36 (i.e., Weak diversification). The correlation of American High 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 High Correlation With Market

Almost no diversification

The correlation between American High Income 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 High Income 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 High Income. 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 services.

Moving together with American Mutual Fund

  0.94AMECX Income FundPairCorr
  0.94AMFCX American MutualPairCorr
  0.94AMFFX American MutualPairCorr
  0.79CUSEX Capital Group EquityPairCorr
  0.87AMHIX American High IncomePairCorr
  0.83TEBCX Tax Exempt BondPairCorr
  0.8TECCX Tax Exempt FundPairCorr
  0.82TECFX Tax Exempt FundPairCorr
  0.77AMUSX Us Government SecuritiesPairCorr
  0.92TEPCX American Funds TaxPairCorr
  0.91TEPAX American Funds TaxPairCorr
  0.91TEPFX American Funds TaxPairCorr
  0.92EMGEX Emerging Markets GrowthPairCorr
  0.76ANBEX American Funds StrategicPairCorr
  0.8ANBAX American Funds StrategicPairCorr
  0.7ANBCX American Funds StrategicPairCorr
  0.91ANCFX American Funds FundaPairCorr
  0.82ANFCX New Economy FundPairCorr
  0.83ANEFX New Economy FundPairCorr
  0.83ANFFX New Economy FundPairCorr
  0.92EMRGX Emerging Markets GrowthPairCorr
  0.84NPFCX New PerspectivePairCorr
  0.85NPFFX New PerspectivePairCorr
  0.81CWBFX Capital World BondPairCorr
  0.79CWBCX Capital World BondPairCorr
  0.91PGGAX American Funds GlobalPairCorr
  0.91PGGFX American Funds GlobalPairCorr
  0.85ANWPX New PerspectivePairCorr
  0.95BALFX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.94CWGIX Capital World GrowthPairCorr
  0.94CWGFX Capital World GrowthPairCorr
  0.94CWGCX Capital World GrowthPairCorr
  0.92WSHFX Washington MutualPairCorr
  0.93WSHCX Washington MutualPairCorr
  0.96FAATX American Funds 2010PairCorr
  0.95FAETX American Funds 2030PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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